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Compliance Action, Volume 24, Number 9

January 31, 2020

Fair Credit Reporting Act: Reasonable Policies and Procedures

By Nancy Castiglione, CRCM

Consumer watchdog agency Bureau of Consumer Financial Protection Supervisory has put a spotlight on Fair Credit Reporting Act compliance issues in recent publications.

NCUA Proposal on Combination Transaction Rule with Non-Credit Unions

By Nancy Castiglione, CRCM

The National Credit Union Administration wants to formalize the procedures for approving certain combination transactions between federally insured credit unions and non-credit unions.

Action Training
Credit Reports Only for a Good Reason

By Nancy Castiglione, CRCM

Staff in nearly all areas of the bank should receive training on the FCRA’s permissible purpose provisions.

Does the Abusive Standard Require a Black Eye?

By Nancy Castiglione, CRCM

The CFPB recently issued a policy statement outlining what it takes to face an allegation of abuse under the Unfair, Deceptive or Abusive Acts or Practices (UDAAP).

Compliance Calendar

In the Editor's Opinion
The Consumer in Me

By Nancy Castiglione, CRCM

To gain a clear perspective on how compliance is implemented in your bank, be on the consumer side of a transaction.

Compliance Notes

Compliance Q & A

Latest on the Redesigned URLA

By Nancy Castiglione, CRCM

In advance of the mandated effective date for the new redesigned Uniform Residential Loan Application, Fannie Mae and Freddie Mac have published the interactive (fillable) PDF versions of the new form along with supporting documents.

Compliance Online
Social Security Scam Awareness

Nancy Castiglione, CRCM
Editor Emeritus:
Lucy H. Griffin, Esq.
Board of Advisors:
John S. Byrne, Esq.
Cliff E. Cook
David Dickinson
Julie A. Gliha, MBA
Carl G. Pry
Susan Rich
Meg Sczyrba
Robert G. Rowe, III, Esq.
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action