In this issue of Community Banker we talk compliance.
An excerpt:
Recent examinations show that some banks continue to struggle in ensuring compliance with consumer compliance-related rules that apply to commercial and agricultural credit transactions. This result is not necessarily surprising. On the one hand, the applicable rules generally cut across various business lines and products, thus requiring broader compliance strategies. But on the other hand, commercial and agricultural lending functions usually operate independently, outside the normal compliance-heavy consumer loan areas. Also, commercial and agricultural lenders may have less knowledge of applicable consumer and residential real estate lenders.
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The Community Banker is prepared by attorneys at Olson & Burns P.C. to provide information pertaining to legal developments affecting the field of banking. In order to accomplish this objective, we welcome any comments our readers have regarding the content and format of this publication. Please address your comments to olsonpc@minotlaw.com.
