The Smart Compliance Blog

3 Simple Tips to Manage UDAAP Compliance Risk

August 21, 2014

Posted by Trey Sullivan

In recent months, UDAAP has garnered attention as a regulatory focal point. Regulators are watching very closely for Fair Lending and UDAAP violations, and the cost of noncompliance is high. Recent high-profile UDAAP settlements underscore the importance of compliance. Do you know your risk?

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Topics: fair lending, UDAAP, Dodd-Frank Act, Risk Assessment, compliance risk management

7 Key Fair Lending & UDAAP Reminders from the CFPB

July 17, 2014

Posted by Andy Barksdale

The recent GE Capital Retail Bank enforcement action highlights both Fair Lending and UDAAP compliance issues, and provides key compliance reminders. Read more >>

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Topics: fair lending, Compliance, CFPB, Fair Lending Enforcement, Bank Compliance, UDAAP, Credit Card Compliance

April Compliance News by the Numbers: 7 Important Stats

April 24, 2014

Posted by Kinsey Sullivan

This month has brought some interesting industry news. We’ve pulled together a list of 7 articles that we found particularly compelling. Some of the articles are hard news, and others put the challenges we all face as compliance professionals in an interesting light.  

As a company whose focus is loan data, analysis and statistics, we've organized the news by the numbers. It makes sense to us, we hope it does to you, too.  

Without further ado... Compliance News By The Numbers.

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Topics: fair lending, community bank compliance, CFPB, Bank Compliance, Federal Reserve, UDAAP, Compliance Exam, Regulatory Compliance News

4 Classes of Problems - CFPB Focuses on Discrimination & Fair Lending

March 05, 2013

Posted by Andy Barksdale

The Consumer Advisory Board to the Consumer Financial Protection Bureau is responsible for identifying the “impact of emerging products, practices or services on consumers and other market participants.”  At the February board meeting, Richard Cordray, Director of the CFPB, presented the Bureau’s areas of focus for the future. 


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Topics: Fair Lending Analysis, Consumer Financial Protection Bureau, ECOA, Bank Compliance, Disparate Impact, UDAAP

5 Areas of Compliance Officer Stress - Can You Relate?

August 14, 2012

Posted by Andy Barksdale

Last week, we spent an afternoon in Columbia with a group of South Carolina Compliance Officers.  We reviewed an assortment of regulatory compliance issues with an inevitable deep dive on Fair Lending.  In case you are wondering about the wall art in the pictures below, the meeting was held at the Grecian Gardens Restaurant where it is reported that the homemade Greek pizza is to die for. 

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Topics: CRA, HMDA, fair lending, community bank compliance, compliance officer, regulatory compliance, risk based assessment, HMDA Plus, banking compliance, UDAAP

3 Revelations from 2012 ABA Regulatory Compliance Conference

June 18, 2012

Posted by Andy Barksdale

The ABA’s 26th annual Regulatory Compliance Conference brought together almost 1,500 regulators, compliance focused bankers and product partners from throughout the country.  While the Central Florida thunderstorms boomed outside, inside there was a powerful whirlwind of industry observations, guidance and reunions.  Below are three quick observations from the conference that used the "Survive the Regulatory Storm" as the conference's headline.


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Topics: fair lending, Compliance, Compliance Culture, Bank Compliance, Fair Lending Risk Assessment, fair lending risk review, American Bankers Association, UDAAP, Compliance Costs, Regulatory Compliance Conference

Priorities

January 06, 2012

Posted by Justin Smith

Blog by Andy Barksdale Managing Director TRUPOINT Partners

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Topics: CRA, fair lending, Redlining Review, UDAAP

About TRUPOINT Partners' Smart Compliance Blog

Welcome to TRUPOINT Partners' Smart Compliance blog, a leading provider of regulatory compliance news and updates. In these posts, you'll find:

  • Updates about regulatory compliance changes
  • Clear, sophisticated analysis
  • Insightful opinions from the experts at TRUPOINT Partners

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