MAY–JUNE 2019 | VOL. 40 | NO. 3
4 Flood Update
BY KATHRYN MORRIS,
BY BRIT T FAIRCLOTH,
BY JOSEPH N. DURHAM,
PAUL R. OSBORNE, CPA,
AMLP, CAMS-AUDI T
36 From the
BY LESLIE CALLAWAY,
CRCM, CAMS, CAFP
MARK KRUHM, CRCM,
RHONDA CAS TANEDA,
39 FYI from ABA
6 We Are Change Leaders
BY LIZA WARNER,CPA, CFSA, CRMA
As compliance professionals, we are more than “go-to”
people for regulatory questions and interpretations, and
we are more than the monitoring arm of management. We
are change leaders. And, as such, it is important that we
understand how to manage change effectively to support
the organization’s compliance performance and strategic
objectives and goals.
14 Overdraft: Are you covered?
BY LEAH M. HAMILTON, J.D.
Financial institutions have struggled with overdraft
compliance for more than a decade. What was once a
revenue stream, has become a compliance challenge
and expense. Here you’ll find the rules and regs, and the
agencies’ supervisory expectations.
24 Foreign Language Requirements in Borrower Communication:
Trends and Analysis
BY MARIA MOSKVER, J.D.
In light of evolving demographics and lawmakers’ focus on
fair lending, states increasingly encourage mortgage lenders
and servicers to put forth a good faith effort to communicate
with borrowers in a wide range of preferred languages.
30 Compliance and Reporting of Financial Exploitation of
BY LESLIE MCNALLY, J.D.
Financial institutions can play a key role in detecting
and preventing elder financial abuse. Bankers often have
the opportunity for face-to-face interactions with elderly
customers making transactions, which may be a good
opportunity to spot financial abuse and provide education
on the subject. This article discusses state and federal law,
compliance and reporting.