Compliance Action, Volume 26, Number 1
To help resolve the ambiguity around which laws apply when banks partner with third parties to provide new services to customers, the OCC issued the True Lender Rule in October. Lawmakers from several states have taken legal steps to block the rule.
Purportedly to help ensure access to responsible, affordable mortgage credit and to preserve flexibility for consumers affected by the economic effects of the Pandemic, the CFPB has delayed the effective date of the new General Qualified Mortgage (QM) loan definition.
In the real estate market today, so-called "love letters" have become an essential tool for potential buyers to scoring a winning bid.
The FACT Act requires financial institutions to have an identity theft prevention program in place that is updated periodically to reflect changes in risks to customers or the safety and soundness of the institution from ID theft.
The confusion that has ensued since the CDC announced that fully vaccinated people can resume activities without wearing a mask is similar to the confusion compliance officers are met with when promoting compliance within their organization.
- OFAC Regulation Amendments
- Another Regulation O Exemption Extension for PPP Loans to Insiders
- State Member Banks to Resume Quarterly HMDA Reporting
- NCUA Amends Insurance Regulations for Joint Ownership Accounts
- New HIDTAs Announced
- FinCEN Reissues Real Estate GTO
- VA Finalizes COVID Assistance Partial Claim Payment Program
Bank Secrecy Act/AML Word Search
Training doesn't have to be boring. Mix it up and have a little fun with some word games.
Congressional Review Act
- Nancy Castiglione, CRCM
- Editor Emeritus:
- Lucy H. Griffin, Esq.
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha, MBA
Carl G. Pry
Robert G. Rowe, III, Esq.