Blog

On May 30, 2014 the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Farm Credit Administration (collectively, the agencies) issued a statement regarding the new National Flood Insurance Program (NFIP) maximum limit of flood insurance coverage for non-condominium residential buildings designed for use for five or more families (classified by the NFIP as “Other Residential

ABA RCC – Reporter’s Notebook Monday was another great day of informative sessions at the ABA’s Regulatory Compliance Conference in New Orleans.  A couple of my favorites were “Legal Risk” and “The Right Tool for the Job: Effective 2nd Line of Defense Compliance Testing”. The “Legal Risk” session discussed how to measure, manage and track legal risk and how to determine when to involve an attorney.  Some of the key points and recommendations were: 1)

The American Bankers Association is underway in New Orleans this week.  With more than 1,700 attendees and 82 sessions offered there is a wealth of knowledge to be shared.  One notable session from Sunday was, “Flood Insurance:  Where Are We Now and Where Are We Going?” The “Flood Insurance:  Where Are We Now and Where Are We Going?” session gave a good overview of the recent and pending changes to the flood insurance requirements resulting

CFPB Presentation Steven Antonakes, CFPB’s Deputy Director for Supervision, was the luncheon speaker at the ABA’s Regulatory Compliance Conference today. He delivered a very positive message about the state of the compliance industry. He was also soliciting job applicants from the podium. Reportedly the ABA is requesting a commission for any successful hires resulting from RCC contacts.   Unloved Vendors The ABA does an admirable job of routing RCC attendees through the Marketplace. An unofficial

The ABA Regulatory Compliance Conference (RCC) got off to big start over the weekend. The Hyatt Regency in New Orleans is packed with conference attendees. It is always good to run into friends, clients and new acquaintances in the hallways. The RCC consists of 82 sessions, with many repeats. There are always a few session titles that are eye catching. A long line of regulators, consultants and attorneys were spotted trolling for business outside a