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LBA PROFESSIONAL DEVELOPMENT WORKSHOPS Lending Compliance Review & Update: Game Plan for 2016 November 12, 2015 9:00am 4:00pm The Bankers Center Baton Rouge, LA What's the CFPB compliance scorecard?
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How to fill out lending compliance review update

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How to fill out lending compliance review update:

01
Gather all necessary documentation related to lending activities and compliance regulations.
02
Review the previous lending compliance review report to understand any previous findings or recommendations.
03
Start by updating the basic information section, including the name of the lending institution, date of the review, and contact information of the person completing the update.
04
Provide a brief summary of any changes in lending practices or procedures since the last review.
05
Evaluate the lending policies and procedures to ensure they align with the current compliance requirements.
06
Assess the lending activities to identify any areas of potential non-compliance or risks.
07
Document any remedial actions taken to address previous non-compliance issues.
08
Provide an overview of any training or education programs implemented to enhance compliance awareness among lending staff.
09
Include details of any new regulatory changes or updates that impact lending compliance practices.
10
Summarize the overall findings of the lending compliance review update and conclude with any recommendations for improvement.

Who needs lending compliance review update?

01
Lending institutions, such as banks, credit unions, or financial institutions, need to conduct lending compliance review updates to ensure they are operating within the boundaries of applicable laws and regulations.
02
Compliance officers or managers responsible for overseeing lending operations should regularly review and update lending compliance reports to maintain regulatory compliance and identify areas for improvement.
03
Regulatory authorities, such as the Consumer Financial Protection Bureau (CFPB) or Federal Deposit Insurance Corporation (FDIC), may require lending institutions to submit periodic compliance reports to ensure adherence to lending regulations and protect consumers' rights.
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