Compliance Board Briefings

Written exclusively for the executive audience by our gurus, our Compliance Board Briefings provide concise, high-level summaries of regulatory developments and analyses of their impact on your institution.

What Your Board Needs to Know

Integrated Disclosures: What the board needs to know before the next exam
The Consumer Financial Protection Bureau (CFPB) issued the TILA/RESPA Integrated Disclosures rule in response to a mandate contained in the Dodd-Frank Wall Street Reform and Consumer Protection Act for the CFPB to publish rules and forms that essentially reinvented the application and closing disclosures given to consumers on certain types of loans.

.bank domain to be required?
Some information and mis-information got cleared up but at this point we do not see a “.bank” domain registration as being a regulatory requirement. View Discussion

Diversity Policies and Practices
I have been asked if there has been any movement on the Joint Standards for Assessing the Diversity Policies and Practices… proposed in October 2013. I searched and have not seen any final rule, I am just making sure I have not missed anything. Any information would be appreciated.   The regulators – OCC, Board, […]

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Policy Issues

Consumer Loan officer wants to be R/E Agent
If the lender and CO were both unaware of a Conflicts policy the bank needs to get one and educate staff, and assure it doesn’t already have a problem. View the complete discussion.

Debt Collection Practices Checkup
Executive Summary Debt collection practices are being scrutinized by regulators Expectations about collection approaches are evolving rapidly Large dollar fines, restitution, and judgments sharpen the focus on impermissible activities This area is a top priority for the CFPB, as well as other regulators Historically, financial institutions have not been subject to specific guidelines regarding permissible […]

Need some help – Holiday Schedule
These rules haven’t changed and while it’s nice of the bank to offer a day off, research is required if there is any doubt as to the ability of the bank to arbitrarily close on a Friday before a holiday on Saturday. View Discussion

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