Compliance Huddle OCTOBER 2016 Todays Agenda Recent Exams
Compliance Huddle OCTOBER 2016
Today’s Agenda § § § Recent Exams MLA – Guidance and Mandatory Compliance Date Pre-paid Products ADA New URLA Mortgage Servicing 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.
Recent Exams § Does anyone currently have examiners on-site? § § Is there a change in the type of information being requested? What is the focus of the on-site? Compliance/Safety and Soundness/IT/CRA § 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.
MLA § § § Oral disclosure Paying by Check Deposit Secured Right of Set-off Other… 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.
Pre-paid Products § The final rule focuses mainly on disclosures, error resolution, liability and periodic statement requirements. The disclosures must generally be given before the consumer acquires the prepaid account. Much of the information required in the disclosures focuses on fees and information about the features of the account. 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.
ADA § Letters being received from lawfirms § Outside reviews? § Complaints? 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.
New URLA § Has anyone began using § Issues? 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.
Mortgage Servicing § Reminder – We are having a training webinar on this subject tomorrow at 2: 30 -3: 30 (CT) 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 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 any additional questions, contact Compliance Alliance at hotline@compliancealliance. 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.
- Slides: 10