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In this Issue
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Feature Article
Product Spotlight
Ask the Expert
Fair Lending News
Regulatory Corner
Smart Compliance Blog
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Upcoming Events
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June 12-15, 2011
ABA Regulatory Compliance Conference
Washington, DC
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Feature Article
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Your Bank by the Numbers
What is the relationship between policy & statistics?
The days of a regulator walking into your bank and conducting a thorough review of a random sampling of accounts is over. Not that this should come as a huge surprise. With the abundance of data available, sheer volume of banks affected, and increased scrutiny from legislators and advocacy groups, regulators are leaving no stone unturned. Instead of reviewing a 10% sample of accounts by hand, they may review your whole portfolio through regression analysis. How does this impact your bank?
Read on
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Product Spotlight
You have just recently filed your 2010 HMDA LAR data and regulators will be reviewing it to check for possible lending compliance infractions. Do you know what your 2010 HMDA LAR data says about your Fair Lending program?
If the answer is NO you can easily change it to YES. Click HERE to learn more about the TruPoint Fair Lending Report using your 2010 HMDA LAR. Don't push your luck, be prepared with real insight.
Get the data you need with out
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Ask the Expert
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by Pamela J. Perdue, CRCM
Q. Has the Dodd-Frank Act (DFA) changed the way we collect and report HMDA data?
A. Not yet, but it will. Section 1094 of the DFA amends HMDA in several ways. DFA authorizes the newly-formed Consumer Financial Protection Bureau (CFPB or the Bureau) to write regulations to implement these changes. Until the CFPB does so, HMDA reporters are in limbo. Read more
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Fair Lending, HMDA & CRA News
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Two banks told to improve
Wisconsin regulators' demand tells a cautionary tale.
JSonline.com 02/28/2011
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Smart Compliance Blog
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The Role of the Compliance Officer Today ... part soothsayer, part counselor, part sage
A recent article by Joe Adler in the American Banker magazine titled "Is Dodd-Frank Undercut by Missed Regulatory Deadlines?" got me to thinking about how difficult the job of being a bank compliance officer has become today.
Adler points out that it is the lawmakers' ambition to complete 170 new laws by July of this year. Really ... 170 new laws by July? Does anyone in Washington really believe this is possible? Keep reading
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