Compliance Action, Volume 28, Number 2
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)
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?
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.
Appraisals
Reconsiderations of Value in Real Estate Appraisals (3 Action Steps)
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.
Editorial
Where We Came From...And Where We Are Headed
A special message from Compliance Action's Founding Editor Lucy Griffin and Executive Editor Nancy Castiglione.
Compliance Notes
- NCUA Proposes Information Collection Renewal for Regulations B, E, M and CC
- Agencies Issues 2023 List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
- Agencies Finalize Prudent Commercial Real Estate Loan Accommodations and Workouts Policy Statement
- NCUA Proposes Information Collection Renewal for Monitoring BSA Compliance
- Agencies Propose Automated Valuation Model Quality Control Standards
Lending
Second Review Programs
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
- Editor:
- 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