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Accume Partners Compliance Monthly Newsletter - June 2021

Accume Partners Compliance Monthly Newsletter - June 2021

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Accume Partners Compliance Monthly Newsletter - June 2021

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  1. AccumePartnersComplianceMonthly Newsletter- June2021 June•30•2021

  2. INDEX 1.Mid-YearCheck-Up? 2.RegulatorRoundup 3.FinalizedRules 4.ProposedRules 5.OtherComplianceNews 6.AMLNews 7.RecommendedActionstoTake

  3. Mid-YearCheck-Up? It’shardtobelievethatwearealmosthalfwaythrough2021. Manyclientswhohavenotbeenexaminedduringthepandemic areaskingfora “temperature” ontheregulators. Here are some of our insights examinationsoverthepastyearthatmayhelpyoutofocus youreffortsinpreparationforfutureexaminations: about the compliance ComplianceRiskAssessment. Theregulatorshavebeentakinga harderlookattheInstitution’scomplianceriskassessment. In thepast, acursoryreviewwasdone. Thiscycleweareseeinga focusontheinclusionofhistoricalinformationandtrending, cleardelineationofinherentandresidualriskandtheinclusion ofquantitativedatatosupportriskfactorsandratings. TRID-RESPA regulatorshavefinallystartedtofocusontheTRID-RESPA disclosuresthatInstitutionshavebeengrapplingwithforyears. Thefocusappearstobeverygranular. Werecommendthat therebeasecondreviewprocessinplacepriortotheissuance ofanLEorCDtoensurecompliance. Ensurethatyouare properly… Integrated Disclosures. It appears that the ReadhereAccumePartnersComplianceMonthlyNewsletter- June 2021: https://www.accumepartners.com/wp- content/uploads/2021/06/Compliance-Monthly_-June-2021-May- 2021.pdf

  4. ContactUs NewJersey 30MontgomerySt Suite670 JerseyCity, NJ07302 1-888-696-1515 info@accumepartners.com

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