Links in “Compliance Tips”

Once a courtesy to cover occasional overdrafts, the practice has now transitioned to multi-billion-dollar business for banks; what consumers should know to protect themselves. [9/3]

With interest rates edging up, more banks are seeking to increase their early withdrawal penalties, but there are wrong ways and right ways of handling the notification. [9/3]

How ready is your institution? AffirmX's Jane Pannier breaks down the Loan Originator Compensation Rule, scheduled to take effective 1/10/2014. [8/27]

Although the CFPB states that it doesn't require any specific structure for an effective compliance management system, it puts forth what it sees as the four independent control components of an effective CMS. [8/26]

At what point in the discovery process of a potential compliance issue should you notify the board? [8/23]

Bank provides 45-day notice to the customer, who provides flood insurance but at an inadequate amount; bank asks if it is necessary to send another 45-day notice. [8/19]

Sometimes the "if you think you have a UDAAP problem, you do" sniff test doesn't quite cut it; CFPB releases bulletin giving potential examples of unfair, deceptive and/or abusive acts or practices. [8/14]

Insights, Tips and Training Opportunities available with a few clicks. See it in action here. [8/13]

OCC Director Workshops Schedule is heading to town near you. Topics include:
Mastering the Basics Workshop: A Director’s Challenge, Risk Assessment Workshop: Directors, Where is the Risk in Your Institution? Compliance Risk Workshop: What Directors Need to Know, and Credit Risk Workshop: A Director’s Focus. Link: https://www.seiservices.com/occ/welcome.aspx [8/13]

Scrambling to meet the Oct. 28 effective date of the remittance transfer final rule? Here are some resources from the CFPB that could help. [8/12]