Latest Compliance - Examinations Topics

Starting in January 2004, the OTS will implement its merged, risk-based examinations, including compliance with all safety and soundness exams.

Under many regulations, institutions are charged with determining risk and designing a compliance program to respond to that risk.

The agencies are in the process of publishing new examination procedures for the new components of anti-money laundering programs generated by the USA PATRIOT Act.

FDIC has issued examination procedures for payday lending.

There is nothing quite like going through a mortgage settlement to get a fresh perspective on compliance, regulatory burden, and paperwork in general.

There have been several times in the last three decades when the ethical behavior of financial institutions has been the center of attention.

As often happens, the agencies are adjusting their approach to compliance examinations. This time, the focus is on the compliance program.

FDIC is under new management. The Honorable John Reich, Director, FDIC, addressed the attendees at ABA's National Regulatory Conference and outlined the agency's new priorities.