Regulatory Alerts2013-11-18
Added · Updated
CA 13-19: Community Bank Risk-Focused Consumer Compliance Supervision Program
The Federal Reserve Board issued this guidance to implement a risk-focused consumer compliance supervision program for state member banks with consolidated assets of $10 billion or less. The program requires examiners to tailor examination intensity and work programs based on each institution's specific risk profile, compliance culture, and management practices. It replaces previous supervision frameworks and incorporates ongoing supervisory contacts to monitor significant changes in compliance risk between formal examinations.
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