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The ABA’s Regulatory Compliance Conference (ABA RCC) will be held in New Orleans from June 8 – 11, 2014. Hundreds of bankers attend this annual event. If you are attending the ABA RCC, expect long days in the Hyatt Regency choosing from more sessions than any one person can possibly attend and hot nights prowling the French Quarter and Bourbon Street. If you are unable to attend, check this blog daily for updates regarding conference […]

The windy city was extra breezy this week. Over 1,500 compliance geeks descended on the city for the annual ABA Regulatory Compliance Conference (RCC). The Hyatt Regency Chicago hosted the event. Starting with a special fair lending session on Saturday the RCC offered over 40 sessions on every aspect of compliance. The session titles were interesting. The presentation titled Managing the Evolving Compliance Risk for Small Banks – The Impact of Incorporating Other Risk Assessments […]

Orlando, FL It is regulator day in Orlando. The general session involved all of the regulatory agencies on a panel. The topic was The Continuing Changing Face of Compliance Oversight. It was a very sweet session. All of the regulators said the right things but didn’t provide any significant insight into the regulatory process. Breakout sessions were available for banks to listen to their regulators answer presubmitted, preselected answers. The final general session was entitled Getting […]

I started my day with another dose of UDAAP. Then proceeded to a very emotional general session with representatives of Arvest Bank detailing it’s response to the tornado that devastated Joplin, MO during May of 2011. The presentation provided a startling reminder of the importance of disaster recovery planning. I got an update on HMDA/CRA and on appraisal rules and finished the day with a session for big banks entitled When Disclosures are Not Enough. […]

Orlando, FL Two major themes of the conference involve UDAAP and mortgage loan disclosures. UDAAP is a game changer. The task of assessing UDAAP risk is massive. It involves every product and every aspect of product throughout the product life cycle. Many bankers appear to be in shock at this reality. Numerous speakers confirmed what we already knew – the mortgage changes are huge. Raj Date, Deputy Director of the CFPB and former Riverboat Pilot […]