Bank Compliance Expert: Internet Edition

Authors: Robert E. Braun, Lorraine Hyde Pamela S. Gotcher, James H. Pannabecker, Jeffrey Torp
Format/Frequency of Update: Online/Ongoing
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Compliance continues to be a costly and time-consuming burden for most banks. The rules change frequently, and it can be difficult to know how to apply the rules and regulations to the bank’s day-to-day operations. The risk of noncompliance is great – a single regulatory violation, or a widespread pattern of violations, can lead to such negative outcomes for the bank as low ratings, fines, increased regulatory scrutiny, loss of reputation, lawsuits, and restricted activities.

Where can you get the expert guidance you need in all the key compliance areas: consumer, marketing and advertising, operations, and safety and soundness? Guidance to help you prepare for your exams on compliance, safety and soundness, Community Reinvestment Act, information security, and other periodic regulatory exams? Bank Compliance Expert: Internet Edition can give you the answers you need!

This fully searchable collection of thousands of documents dealing with compliance law and regulation brings together the expert guidance that only Sheshunoff can provide, with work tools such as policies, procedures, internal audit checklists, and more, all linked to the laws and regulations themselves. Authors with hands-on expertise tell you what the rules and regulations mean to you, and what steps you need to take to stay in compliance.

You’ll get expert interpretive guidance and analysis on compliance by regulation, and compliance in the areas of consumer lending, marketing and advertising, operations, and safety and soundness, to help you comply more easily. The guidance is linked to the applicable laws and regulations and underlying agency documents so you can quickly move from text to explanatory information and back. Best of all, you’ll never have to dig through reams of regulations or mountains of manuals to find out what you need to do to stay in compliance.

In addition, you’ll get essential work tools prepared by compliance experts, including policies, procedures, internal audit, and tips for avoiding the most common violations of federal consumer protection laws and regulations.

FEATURES:

A fast, but exceedingly thorough search engine that allows for both broad and narrow searches
Legal and regulatory analysis and guidance by the foremost experts in the field
All laws and regulations related to the given topic
All federal regulatory agency documents and issuances related to the area of coverage
Hypertext linking throughout the documents
Optional e-mail alert services bringing developments and updates to you.

SUMMARY OF CONTENTS:

Recent Additions – highlights what’s changed so you can keep up quickly and easily
News from Washington – Bank Law & Regulatory Report – This monthly analysis provides a round-up of legislative and regulatory actions, upcoming developments, and compliance concerns that bankers and attorneys alike need to know.
Expert Guidance and Analysis

Compliance Guidance by Regulation: This comprehensive analysis provides guidance regulation by regulation, reviewing each of the rules, the potential violations, the examination requirements, and the effect of that regulation on different functions within your bank
Consumer Lending Compliance: This full-scope manual covers compliance for open-end credit, real estate loans, credit cards, home equity loans, closed-end credit, real property loans, and consumer leases from both a procedural and advertising point of view, providing in-depth analysis of what needs to be done to stay in compliance with the regulations involved and how to keep in line with the specific regulator’s guidance.
Marketing & Advertising Compliance: This comprehensive treatment provides clear, authoritative guidance to help bankers keep up with the ever-changing marketing compliance rules. It covers every consumer product a bank can offer, on a product-by-product basis, so the user can find the material, not by trying to determine whether a particular law or regulation applies to a specific depository or loan product, but seeing it quickly and directly based on the product they are considering.
Operations Compliance: This product covers depository operational compliance, dealing with each area of regulatory compliance in this area of the bank, from account openings to check clearing, from certificates of deposit to money market accounts, from payments and funds availability to privacy.
Safety & Soundness Compliance: Dealing with an increasing focus of the regulators, this outstanding guidance keeps up with rules on interest rate, credit, liquidity, and legal risks, and other safety and soundness issues.

Special Reports: Analysis of Special Developments – These reports, always written by the top experts on the given subject, address special issues that need timely authority for compliance officers
Worktools for Compliance Professionals

Policies & Procedures – One of the key roles of the compliance officer is to build policies that comply with the regulations that must be submitted to and approved by the Board of Directors and to work with department heads to build the procedures that implement these policies
Internal Audit Programs – The compliance officer and auditor must regularly audit the bank’s practices to make certain that the bank remains in compliance. This is a key factor, and regulators want to see evidence that this is being done; these checklists and worksheets allow the compliance/audit staff to regularly review the bank practices
Compliance Examinations Update – This service has been the gold standard in compliance officer self-preparation for over 10 years. Written originally by John Mancuso, General Counsel and Chief Compliance Officer of KeyCorp, the product is a true one-of-a-kind, bringing together thousands of compliance scenarios (and timely ones at that), with hypothetical situations, and exercising the compliance officer's mind to understand how the regulators would want him/her to properly comply.

Federal Regulatory Forms – This compendium of forms, with brief commentary as to purpose and guidance for use, provide a unique set of official, up-to-date forms that bankers can use and will not need to spend hours searching for them elsewhere.
Compliance Glossary – this glossary, built by Sheshunoff’s experts, provides a full list of terms with easy-to-understand explanations of each term.
United States Code – USC. All statutory sections dealing in even a tangential way with compliance issues are provided.
Code of Federal Regulations – CFR. All federal banking regulations (for all regulators) applicable to compliance are provided.
Agency Documents, Manuals, and Issuances. Statements, documents, and publications from the OCC, Federal Reserve, FDIC, FFIEC, and OTS with relevance to compliance are provided.
Federal Register – Banking Agency Extract. Updated daily.
State Laws and Regulations

Bank Compliance Expert: Internet Edition also offers convenient optional e-mail updates. Users can sign up to receive any or all of the following:

Bank Compliance Expert Daily Regulatory Alert (daily Federal Register updates)
Bank Compliance Expert Monthly Alert (includes updates from Expert Guidance and Analysis, USC, CFR, and Agency Documents)
Monthly Analysis from Bank Compliance Expert's Washington Desk (from Bank Law & Regulatory Report)
Bank Compliance Examinations Alert (from Compliance Examinations Update)

About the Authors

Robert E. Braun is an attorney in private practice specializing in federal banking regulatory issues. Mr. Braun has more than 20 years’ experience as a bank attorney. Formerly, he was in-house counsel to a major New York bank. In addition, he has conducted training seminars for FDIC examiners for many years. He is the author of the Truth in Savings: Regulation DD Compliance Manual (Sheshunoff, August 1992). He also is the author of the Expedited Funds Availability Manual (Warren, Gorham & Lamont, December 1989) and prepares updates to Sheshunoff’s Expedited Funds Availability: Regulation CC Compliance Manual. Mr. Braun also has written articles for bank trade publications and conducted numerous seminars for FDIC examiners, attorneys, bank compliance officers, and others on various bank compliance topics.

Lorraine Hyde is a certified bank compliance officer and is certified as a fraud examiner by the Association of Certified Fraud Examiners. Ms. Hyde was employed for six years as a department head of investigation for the Division of Liquidation of the Federal Deposit Insurance Corporation. Ms. Hyde was also employed as the compliance officer, consumer loan training coordinator, and manager of consumer lending for a major Twin City thrift. Ms. Hyde’s expertise is in consumer, home equity, and small business lending, loan review and analysis, and bank fraud investigations for the Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC). She currently resides in Phoenix, Arizona.

Pamela S. Gotcher is a bank attorney with many years of experience specializing in consumer lending compliance. She provides legal advice and counsel to the Bank One Corporation/JPMorgan Chase Bank lending divisions in Texas and Oklahoma and to the Bank One International Corporation. In addition, she develops standard and custom loan documents, commercial documents, and other forms and contracts. Ms. Gotcher is a member of the Texas-Mexico Bar Association, the American Bar Association, the Federal Bar Association, the Texas Bar Association, the Oklahoma Bar Association, and the Tulsa Bar Association.

James H. Pannabecker writes from Natural Bridge Station, Virginia, focusing on banking law and regulatory compliance. He was formerly a senior vice president and general counsel of Citicorp Mortgage, Inc., where he managed the provision of legal services for the nationwide origination of mortgage loans through Citicorp’s affiliated first mortgage lenders. Before joining Citicorp, Mr. Pannabecker served as in-house counsel to Maryland National Bank; First Virginia Banks, Inc.; and First American Mortgage. Mr. Pannabecker is the author or co-author of numerous publications in the areas of mortgage lending, truth-in-lending, financial privacy, and banking law. These include Mortgage Compliance Update: Solutions for Mortgage Professionals (A.S. Pratt & Sons); The RESPA Manual: A Complete Guide to the Real Estate Settlement Procedures Act (A.S. Pratt & Sons); Mortgage Lending Compliance with Federal and State Guidance (A.S. Pratt & Sons); Model Compliance Manual: A Template for Mortgage Professionals (Sheshunoff Information Services); Mortgage Lending Operations and Administration (Sheshunoff Information Services); and The Truth-in-Lending Manual by Ralph C. Clontz, Jr. (Warren, Gorham & Lamont), He graduated from the University of North Carolina School of Law in 1978 and has been admitted to practice law in the District of Columbia, Georgia, Maryland, Missouri, North Carolina, and Virginia.

Jeffrey Torp is a consultant in the area of regulatory risk for financial institutions. He specializes in the financial institution industry and has more than 25 years of experience serving financial institution clients in matters relating to bank regulation. Mr. Torp is an attorney and has previously served as a consultant with KPMG and with McGladrey & Pullen, LLP, and as legal counsel to the Independent Bankers of Minnesota. He received his law degree from William Mitchell College of Law in St. Paul, Minnesota, and his Bachelor of Arts Degree from Augsburg College in Minneapolis, Minnesota. Mr. Torp has worked with financial institutions throughout the country on regulatory issues and given numerous presentations on regulatory topics to groups of bankers, bank examiners, trade associations, and attorneys. He has also served as an instructor for the Independent Bankers Association of America’s compliance school and certification program, and authored several publications.