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Stay on top of the latest issues in compliance with this subscription-based repository of over 1,500 compliance-related Q&As! Get up-to-date answers about topics from across the compliance spectrum.
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Upcoming Events

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Feb
25
February 25 - March 02, 2018
March 02, 2018
Compliance Institute* - TX
Event Type: 
Seminar/Institutes
Featured on Homepage, Executive C-Suite Training, Compliance Certification, Compliance
Dallas, TX
Related Products/Events
BSA/AML Institute* - MN
Event Type: 
Seminar/Institutes

Location: 
MN
05/15/18
ICBA Member: $1,295*
Non-Member: $1,695*  
Nonbanker: $2,095*
*Testing fee not included
BSA/AML Institute* - MO
Event Type: 
Seminar/Institutes

Location: 
MO
07/30/18
ICBA Member: $1,295* 
Non-Member: $1,695* 
Nonbanker: $2,095*
*Testing fee not included
BSA/AML Institute* - TX
Event Type: 
Seminar/Institutes

Location: 
TX
11/14/18

ICBA Member: $1,295* 
Non-Member: $1,695* 
Nonbanker: $2,095*
*Testing fee not included

Compliance Institute* - MN
Event Type: 
Seminar/Institutes

Location: 
MN
06/10/18
ICBA Member: $2,395*
Non-Member: $3,195*
Nonbanker: $3,995*
*Testing fee not included
Compliance Institute* - TN
Event Type: 
Seminar/Institutes

Location: 
TN
09/30/18
ICBA Member: $2,395*
Non-Member: $3,195*
Nonbanker: $3,995* 
*Testing fee not included
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May
15
May 15 - May 17, 2018
May 17, 2018
BSA/AML Institute* - MN
Event Type: 
Seminar/Institutes
Executive C-Suite Training, Compliance, BSA Certification
Minneapolis, MN
Related Products/Events
BSA/AML Institute* - CA - SOLD OUT
Event Type: 
Seminar/Institutes

Location: 
CA
11/13/17
--- SOLD OUT ---
ICBA Member: $1,195* 
Non-Member: $1,595* 
Nonbanker: $1,995*
BSA/AML Institute* - MO
Event Type: 
Seminar/Institutes

Location: 
MO
07/30/18
ICBA Member: $1,295* 
Non-Member: $1,695* 
Nonbanker: $2,095*
*Testing fee not included
BSA/AML Institute* - TX
Event Type: 
Seminar/Institutes

Location: 
TX
11/14/18

ICBA Member: $1,295* 
Non-Member: $1,695* 
Nonbanker: $2,095*
*Testing fee not included

Question of the Week

  • QUESTION: When does the bank have to use a combined adverse action notice that contains both Regulation B and FCRA information?

    ANSWER: The combined notice, which includes the FCRA disclosure, is to be used when the creditor based its decision in whole or in part on information from a source other than the applicant or its own files. Disclosing that a credit report was obtained and used in the denial of the application, as FCRA requires, does not satisfy the ECOA requirement to disclose specific reasons.

    The FCRA also requires a creditor to disclose as applicable, a credit score it used in taking adverse action along with related information including up to four key factors that adversely affected the consumer’s credit score. Appendix C of Regulation B includes model notices that satisfy both the ECOA and the FCRA requirements. For FCRA section 615(a) and (b) (Form C-1); For action based on information from an outside source other than a consumer reporting agency under FCRA section 615(b) Forms 2-5 are available.

    A creditor must provide the section 615(a) disclosure when adverse action is taken against a consumer based on information from a consumer reporting agency. A creditor must provide the section 615(b) disclosure when adverse action is taken based on information from an outside source other than a consumer reporting agency. In addition, a creditor must provide the section 615(b) disclosure if the creditor obtained information from an affiliate other than information in a consumer report or other than information concerning the affiliate’s own transactions or experiences with the consumer. Creditors may comply with the disclosure requirements for adverse action based on information in a consumer report obtained from an affiliate by providing either the section 615(a) or section 615(b) disclosure.