Compliance

Problems With BSA E-Filing?

September 01, 2012
FinCEN mandated the electronic filing of Bank Secrecy Act (BSA) reports beginning July 1, 2012. READ MORE

Compliance Q&A: An Adverse Action Notice

September 01, 2012
Learn more about adverse action notices. READ MORE

FFIEC: Consider Risks of Outsourced Cloud Computing

September 01, 2012
Outsourcing to a cloud service provider offers potential benefits such as cost reduction, flexibility, and speed. READ MORE

Q&A Compliance: Servicemembers Civil Relief Act

August 13, 2012
This protection applies during active duty, which begins on the date service begins and ends when an individual is “separated” from military service. READ MORE

Align Marketing and Compliance

August 02, 2012
Well-intentioned marketers sometimes make mistakes that can have drastic consequences. READ MORE

Take a Proactive Approach to ID Theft

August 01, 2012
‘Our objective is to protect families from this potentially devastating crime.’ READ MORE

Think Twice Before Rejecting Criminals

August 01, 2012
The Equal Employment Opportunity Commission provides only a general outline for how employers should move forward. READ MORE

Avoid These Mortgage Servicing Practices

August 01, 2012
Five federal financial institution regulators issued guidance to mortgage servicers on military homeowners . READ MORE

The Works Blog The Works Blog is produced by PolicyWorks LLC, Des Moines, Iowa.

#BSA #AML Examination Manuel Update released

On December 2nd the Federal Financial Institutions Examination Council (FFIEC) released the much anticipated revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. An update for this manual had not been released since 2010. The revisions clarify supervisory expectations and incorporate regulatory changes since the last update. Numerous revisions have been made throughout the manual. Sections […]

#FannieMae & #FreddieMac’s New Guidelines Aim to Make Mortgage Lending Easier

New guidelines from Fannie Mae and Freddie Mac took effect this Monday, with the intent of relaxing lending standards for borrowers.  The new guidelines provide clarification on when lenders can be penalized for making mistakes in mortgages they sell to Fannie and Freddie.  Prior to the update, lenders  cautious of making a mistake kept strict standards […]

Proposed Changes to Mortgage Servicing Rules

On November 20th the Consumer Financial Protection Bureau (“CFPB”) proposed to amend several mortgage servicing rules under both Regulation Z and Regulation X. The proposed rule is 492 pages long and to date has not been thoroughly vetted. However, let’s take a look at some of the highlights: Successors in Interest: A successor in interest […]
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