FDIC Releases Consumer Compliance Supervisory Highlights
The FDIC released its latest Consumer Compliance Supervisory Highlights. This edition includes supervisory observations related to consumer protection laws, examples of practices that may be useful in mitigating risks, regulatory developments, and consumer compliance resources. The issue includes good information on RESPA referral arrangements, trigger leads under the FCRA, and applying excess interest payments on SCRA covered loans. It is a recommended read for all institutions.
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