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Compliance Action, Volume 28, Number 2

July 13, 2023

This is the FINAL EDITION OF COMPLIANCE ACTION: Please read the special editorial from Lucy Griffin and Nancy Castiglione in this issue for details.

Interagency Guidance
Third-Party Relationships Risk Management (4 Action Steps)

By Nancy Castiglione, CRCM

The regulatory agencies have issued joint supervisory guidance on managing risks associated with working with third party providers that broadly covers all third-party relationships of a banking organization.

Training Page
Do I Need to Train?

By Nancy Castiglione, CRCM

While compliance training is being pushed to the back burner, it is an important element of a Compliance Program that is not only still assessed by regulators, but is essential to keeping staff up to date on the laws and regulations that apply to the bank.

Reconsiderations of Value in Real Estate Appraisals (3 Action Steps)

By Nancy Castiglione, CRCM

Regulators have not only been encouraging lenders to have reconsideration of value (ROV) procedures for appraisals and valuations, they have recently issued proposed Interagency Guidance on Reconsiderations of Value of Residential Real Estate.

Compliance Calendar

Where We Came From...And Where We Are Headed

By Lucy Griffin and Nancy Castiglione, CRCM

A special message from Compliance Action's Founding Editor Lucy Griffin and Executive Editor Nancy Castiglione.

Compliance Notes

Second Review Programs

By Nancy Castiglione, CRCM

A second review process for loan denials should be a vital element of your bank’s fair lending program.

Compliance Online
A Guide to the 10 Living Generations

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
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action