Compliance Action, Volume 27, Number 2

FINCEN
Update to Older Americans, Fraud, and Bank Responsibilities (2 Action Steps)

By Nancy Castiglione, CRCM

FinCEN has issued a new Advisory on elder financial exploitation (EFE) that describes the common elder scams that are reported and an updated list of red flags to help financial institutions detect, and prevent EFE.

Action Training
How to Make Your Training Stick

By Nancy Castiglione, CRCM

When conducting training, there are some knowledge retention tips you can use to help make your training stick.

Compliance Notes

• CFPB Notice and Request for Comment on Burden Estimate for Regulation B
• CFPB Finalizes FCRA Amendments for Credit Reporting Agencies
• Cuban Remittances
• Beginner’s Guide to Accessing HMDA Data
• HUD Updates FCRA Notice Disclosure

FTC
FTC’s Telemarketing Sales Rule Proposal (3 Action Steps)

By Nancy Castiglione, CRCM

The FTC's proposed amendments to its Telemarketing Sales Rule (TSR) may not directly apply to your bank or credit union, but the rule can impact your marketing activities in several ways.

Compliance Calendar

Editorial
CFPB: If You Want to Simplify Rules and Guidance, Here’s What You Can Do

By Nancy Castiglione, CRCM

The CFPB's recent announcement that it is taking a new approach to simplify regulations and guidance could use some additional considerations.

QUESTIONS & ANSWERS

• Risk Rating an ATM Owner
• Delivering Adverse Action Notices to Joint Applicants

Compliance Online
Elder Financial Abuse