1. Compliance Huddle
october 2016

2. Today’s Agenda Recent Exams
MLA – Guidance and Mandatory Compliance Date
Pre-paid Products
ADA
New URLA
Mortgage Servicing

3. Recent Exams Does anyone currently have examiners on-site?
Is there a change in the type of information being requested?
What is the focus of the on-site? Compliance/Safety and Soundness/IT/CRA
Has anyone just been through an exam or recently received their ROE?
Has examiner “tone” changed from the last on-site?
Are the reports giving credit where credit is due, or if there were concerns, are the reports written in such a way that the regulators are seemingly sympathetic or more demanding?
What are some of the areas of focus?

4. MLA Oral disclosure Paying by Check Deposit Secured Right of Set-off
Other…

5. Pre-paid Products
The final rule focuses mainly on disclosures, error resolution, liability and periodic statement requirements. The disclosures must generally be given before the consumer acquires the prepaid account. Much of the information required in the disclosures focuses on fees and information about the features of the account.

6. ADA
Letters being received from lawfirms
Outside reviews?
Complaints?

7. New URLA
Has anyone began using
Issues?

8. Mortgage Servicing
Reminder – We are having a training webinar on this subject tomorrow at 2:30-3:30 (CT)

9. Anything Else on Your Mind…

10. Questions?
Thank you for your participation and input into the conversation! If you have any additional questions, contact Compliance Alliance at or