The Hot List: Winners of the Most Common Violations Award Are…
The Fed has released a new update to its list of most common violations based on a review of examination data. The "winners" are: 1) Reg. B's spousal signature requirements; 2) Reg. H's flood insurance purchase and force-placement requirements; 3) Reg. Z's finance charge requirements; and 4) Fair Credit Reporting Act's adverse action notice requirement. That's the hot list of areas at your institution to take a second look at before your next examination. [4/30/20]
