Archive for May, 2009
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May 27, 2009
No CommentsRegulation Z vs. Regulation C – What will it tell your examiners?
The industry continues to talk about the interplay between the new higher priced mortgages under Regulation Z and the HMDA reporting requirement under Regulation C. These are two areas of concern. First, the reportable rate spreads that are filed on your HMDA report will be an easy starting point for examiners to find higher priced...
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May 18, 2009
No Comments“Gang” bilks $500k from Credit Union
While crooks are always out there trying to be “one step ahead” of the good guys attempts to thwart crimes, Financial Institutions (FI’s) see motivation for attacks from multiple angles. Not only do the FI’s have to be concerned about criminal activity from outsiders and employees, now add customers to the mix as well. Today’s tough...
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May 18, 2009
No CommentsRisk Management
While attending the MBA’s Legal Issues And Regulatory Compliance Conference last week, several of the speakers spoke about controlling risk throughout the process. Legal and Compliance should be involved in the risk management process from beginning to end. The Legal and Compliance department has the global perspective on risk while the business line has a...
