The latest examination procedures are based on risk. They direct examiners to take a top-down look at the institution and evaluate policies and procedures in the context of risk.
It is old news that HUD wants to make major changes to the real estate settlement process.
PCi's annual CRA and Fair Lending Colloquium was the place for discussing where CRA has taken the banking industry and where the industry should head in the future.
There is nothing like a sunsetting provision in a law to draw everyone's attention to it. This time, it was the Fair Credit Reporting Act.
Risk management is the watchword of the day. It is the theme song of each of the regulatory agencies as they describe their new examination procedures.
We have a procedure to review unusual activity in employee's accounts on a regular basis. In addition, if we have a suspicion regarding a teller, we have reviewed account activity for that teller. Are there any privacy rules which would restrict our ability to review our employee's account information? Also, is there any consent required by the employee when they begin employment?
Do you know of or can you provide a list of regulations/acts/laws that require written policies, for example, BSA.
Federal regulators have some fancy tools and the Comptroller of the Currency plans to use his. The tool in question is federal preemption.
Do you know of anyone that sells the CIP notices for the looby area and new accounts? We wanted a professional made poster. We would be interested in purchasing several if someone has them and would like to also see brochures that you have available for the customers to take.
What should be in our employee handbook regarding CRA and anti-money laundering?