Letter from the Director ......................................................... 2
Issue at a Glance
Volume 6, Issue 1 Summer 2009
From the Examiner’s Desk:Changes to Regulation Z AffordIncreased Consumer Protections 25
Recent amendments to Regulation Z extend specific protections to consum- ers of a newly created category of mortgage loans called “higher-priced” home mortgages and enhance protec- tions for consumers of “high-cost” and other mortgages. This article examines each of the four significant amendments to Regulation Z and offers suggestions for compliance profession- als responsible for ensuring compliance with these critical regulatory changes.
Regulatory and Supervisory Roundup 42
This feature provides an overview of recently released regulations and supervisory guidance.
A Year in Bank Supervision:2008 and a Few of Its Lessons 3
2008 was a year of crisis for the U.S. financial services indus- try. In 2008 and shortly thereafter, more than $13 trillion intemporary loans, liability and asset guarantees, and other government programs supporting financial institutions were put in place or announced, and policymakers focused atten- tion on potential improvements to financial regulation. This article presents a chronology of the more significant events and developments affecting financial institutions during 2008 and concludes with a discussion of areas of supervisory focus going forward.
Remote Deposit Capture: A Primer 19
Remote Deposit Capture (RDC) technology is helping to improve the efficiency of how banks process check deposits. RDC allows financial institution customers to “deposit” checks electronically at remote locations, usually in the customers’ offices, for virtually instant credit to their accounts. This article discusses the development and recent growth in the use of RDC, identifies risks to financial institutions that offer this service, and highlights appropriate risk management strategies.
Supervisory Insights Summer 2009