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Compliance Action, Volume 25, Number 5

September 30, 2020

Risking Your BSA/AML Compliance Program

By Nancy Castiglione, CRCM

If your BSA/AML Compliance Program is not based on a risk assessment, you are risking not only criticism by your examiners but also a compliance program that may not be functional for your institution’s needs.

Deceptive Advertising Targeting the Military

By Nancy Castiglione, CRCM

The CFPB has issued consent orders against eight nonbank nonbank mortgage brokers for deceptive and misleading advertising of VA-guaranteed loans directed at military servicemembers.

Compliance Notes

Action Training
Types of Discrimination

By Nancy Castiglione, CRCM

When it comes to predatory lending practices, your training should include the three primary types of discrimination.

Compliance Calendar

In the Editor's Opinion
Predatory Lending Liability

By Nancy Castiglione, CRCM

A court ruling that moves forward a case in which a California city is attempting to hold a bank liable for the secondary effects of its alleged discriminatory actions could set a precedent in predatory lending liability.

Thresholds and Exemption Levels (Table)

By Nancy Castiglione, CRCM

The CFPB's recent updates to some of the thresholds and exemption levels for 2021 should be incorporated into your bank's procedures and training.

Compliance Online
Fed’s Community Banking Connections

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