The most frequently violated compliance requirements involve the Real Estate Settlement Procedures Act (Regulation X), a FDIC list revealed.
Before selling securities to a consumer, the broker/dealer should determine the suitability of the product for the consumer.
The OCC recently posted its third quarter CRA ratings. Of 63 banks examined, 10 earned an Outstanding and 53 earned a Satisfactory. The Outstandings are spread throughout the nation.
OCC and the American Bankers Association have scheduled a joint Community Development Lending conference for November 4-6, 1997 in New Orleans.