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Entries in Compliance (4)

Thursday
Apr062017

Upcoming Event: Hot Compliance Topics in a Cyber World

On May 3, Susan Bryant of Verrill Dana, LLP will present a session entitled "Hot Compliance Topics in a Cyber World" at the Maine Bankers Association Trust & Wealth Management Conference at the Harraseeket Inn in Freeport, Maine.  

In this presentation, Susan will cover issues that currently concern regulators and how to build a compliance program to address such issues as cybersecurity, risk management, working with third parties, privacy/confidentiality, the Volcker Rule, fraud prevention, and the new anti-money laundering rule. Susan will also cover the requirements of an adequate compliance program, from adopting written policies and procedures to establishing controls and reporting to senior management.

Susan Bryant is a member of Verrill Dana’s Securities Law Group and the firm’s Business Law Group.  Susan is based in Portland, Maine and Westport, CT.

Learn more and register for the conference online here.

Wednesday
Apr242013

CFPB Issues Bulletin On ECOA Risks In Indirect Auto Lending

The Consumer Financial Protection Bureau (“CFPB”) recently issued a compliance bulletin warning financial institutions that they may face potential liability as indirect lenders for fair lending violations in the process of making indirect loans through automobile dealerships (the “Bulletin”). Indirect auto lending is a process where an automobile dealership will typically collect credit information from a consumer seeking financing and then forward the information to prospective lenders....

Click to read more ...

Friday
Jan042013

FDIC Launches Regulatory Calendar for Community Banks

The Federal Deposit Insurance Corporation (FDIC) recently announced the official launch of its Regulatory Calendar for Community Banks.  The online calendar is intended to help community banks stay up-to-date with changes in federal banking laws, regulations, and supervisory guidance.  The calendar will include notices of rulemakings, effective dates for regulations, and guidance issued by various federal regulators of interest to FDIC-regulated entities.  The calendar will also provide information on FDIC outreach initiatives and other regulatory information of interest.  Links to underlying documents and resources will be provided in the calendar entries.  The calendar release follows the FDIC’s publication of an earlier beta version last summer that was used to solicit public feedback.

Saturday
Aug112012

FDIC Announces Regulatory Calendar for Community Banks

The Federal Deposit Insurance Corporation (FDIC) recently announced that it will publish a regulatory calendar intended to assist community banks with remaining up-to-date on ongoing changes in federal banking laws, regulations, and supervisory guidance.  The FDIC’s goals in creating the calendar are to facilitate regulatory compliance and to improve the FDIC’s communication with the banking industry. Regulatory developments, outreach opportunities, comment periods for proposed rules, and relevant key dates will be highlighted.  Calendar entries will include information from other federal banking agencies, as well as agencies relevant to the FDIC’s examination programs.  A draft of the calendar is available on the FDIC’s website for viewing and feedback.