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Implementing the CFPB-required Compliance Management System (Part 2)
CFPB compliance examinations have only just started and the agency has already identified deficiencies in some institutions: “The CFPB has found one or more situations in which an effective CMS was lacking across the financial institution’s entire consumer financial portfolio, or in which the financial institution failed to adopt and follow comprehensive internal policies and…
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CFPB Examinations To Require “Compliance Management Systems” (Part 1)
We have known for some time that CFPB examinations are coming, and late last year the CFPB released their Supervision and late last year…Read the rest of the article