Mistakes happen. Even strong compliance programs can have a slip-up, and you may find your bank has wrongfully disclosed the Annual Percentage Rate (on a loan) or the Annual Percentage Yield (for a deposit product).
On-Demand Webinars about Deposit Operations
Recorded on April 06, 2023
Friends with Marketing: Managing a Winning and Compliant Ma
Oil and water. Cats and Dogs. Fire and Ice. Such are the comparisons often used to describe the relationship between compliance and marketing. Are they really two opposing forces always in conflict and rarely compatible?
Regulation CC includes rules on check collection and the relationships between depository institutions that provide for collection, presentation, and return of checks.
The 2018 modifications to HMDA were massive and many financial institutions are still dealing with the challenges of collecting data under the burdensome new requirements.
Do you ever feel at a loss for where to start in compliance research? Do you have an inkling the answer is out there somewhere, but you’d have better luck winning the lottery than finding the concise answer to that tough compliance question?
There are many ways to violate military lending rules and some lenders are actively doing this. One lender just agreed to pay a $225,000 because they were not providing the interest rate adjustments the SCRA requires.