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Last Issue's Dilemma:
How are you handling the sub-prime loan crisis?
When it comes to sub-prime loans, our financial institution is squeaky clean. But delinquencies and foreclosures have certainly affected some big-name institutions, and we are getting questions from jittery customers. We are also worried that we will face additional scrutiny from examiners this time around. How are other institutions handling this? Should we shift our attention to lending policies and procedures, or stay focused on Bank Secrecy Act/anti-money laundering?
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This Issue's Dilemma:
What compliance areas should I focus on in 2008?
As we begin another year, I want to ensure our compliance program addresses our specific risk areas. Not much has changed at our bank or with our customer base, but it’s a good time to revisit the last risk assessment. As I do that, I want to make sure I consider the big picture. Are there new or changing regulations I should include in my compliance efforts? Should I be concerned about new Federal Financial Institutions Examination Council guidelines or changes to the Bank Secrecy Act? — Compliance Officer, Chicago
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Can You Help? Share your experience. You could win an Apple iPod nano. Congratulations to this quarter's winner, K.D. Mehra.
The contest winner for the 5-minute survey is Shelia Parke. |
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