Compliance Huddle MAY 2017 Recent Exams Does anyone

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Compliance Huddle MAY 2017

Compliance Huddle MAY 2017

Recent Exams § Does anyone currently have examiners on-site? § § Is there still

Recent Exams § Does anyone currently have examiners on-site? § § Is there still a continuing increase in request information? What is the focus of the on-site? § Has anyone just been through an exam or recently received their ROE? § § Has examiner “tone” changed from the last on-site? Are the reports giving credit where credit is due, or if there were concerns, are the reports written in such a way that the regulators are seemingly sympathetic or more demanding? § What are some of the areas of focus? Please click the “raise hand” button by your name if you would like to speak and we will unmute you. Please be prepared for all background noise/speaking to be heard as soon as you raise your hand.

Agenda § § § § Exams/Audits Findings HMDA Beneficial Ownership Compliance Department Structure Overdraft

Agenda § § § § Exams/Audits Findings HMDA Beneficial Ownership Compliance Department Structure Overdraft programs Redlining – CRA/Fair Lending (REMA) Anything else on your mind Please click the “raise hand” button by your name if you would like to speak and we will unmute you. Please be prepared for all background noise/speaking to be heard as soon as you raise your hand.

HMDA Continues to be the #1 Requested Topic of Discussion Do you have the

HMDA Continues to be the #1 Requested Topic of Discussion Do you have the resources to handle the expanded reporting requirements? • Are peers hiring more staff to accommodate change in workload? • Analysis of how many current loan programs that were non-reportable that are now reportable? • If so, what percentage increase are being anticipated? Policies updated, started training of responsible staff? • Has anyone been able to find the platform on the CFPB website? • Any other concerns? Please click the “raise hand” button by your name if you would like to speak and we will unmute you. Please be prepared for all background noise/speaking to be heard as soon as you raise your hand.

Beneficial Ownership • • System updates? Training? Procedures? Policy update verbiage? 5

Beneficial Ownership • • System updates? Training? Procedures? Policy update verbiage? 5

Compliance Department Structure • • How many employees in the compliance department? ? Separate

Compliance Department Structure • • How many employees in the compliance department? ? Separate BSA Officer? Separate HMDA Officer? Etc. 6

Overdraft Programs § Are any banks offering an OD program that has “passed regulatory

Overdraft Programs § Are any banks offering an OD program that has “passed regulatory muster”? § What are the parameters? § Automatic or by request? 7

What’s up with Redlining § CRA data integrity exams – what all is involved?

What’s up with Redlining § CRA data integrity exams – what all is involved? § Has anyone been cited with a Fair Lending redlining issue or concern they are willing to talk about? § What is Reasonably Expected Market Area and how does that differ from Lending Assessment area? Please click the “raise hand” button by your name if you would like to speak and we will unmute you. Please be prepared for all background noise/speaking to be heard as soon as you raise your hand.

Anything Else on Your Mind… Please click the “raise hand” button by your name

Anything Else on Your Mind… Please click the “raise hand” button by your name if you would like to speak and we will unmute you. Please be prepared for all background noise/speaking to be heard as soon as you raise your hand.

Questions? Thank you for your participation and input into the conversation! If you have

Questions? Thank you for your participation and input into the conversation! If you have any additional questions, contact Compliance Alliance at [email protected] com or 888 -353 -3933. Please click the “raise hand” button by your name if you would like to speak and we will unmute you. Please be prepared for all background noise/speaking to be heard as soon as you raise your hand.