Consumer Compliance Outlook publishes first issue of 2020
![](https://www.cuinsight.com/wp-content/uploads/2020/01/bigstock-COMPLIANCE-inscription-coming-344643535.jpg)
With everything going on these days, some may have missed the recent publication by the Philadelphia Federal Reserve’s helpful Consumer Compliance Outlook. The first article was a rather helpful summary of most common compliance issues the Fed found over multiple years of exams. These fit into the following categories:
- Regulation B – requiring spousal signatures
- Flood insurance rule – purchase and force-placement requirements
- Regulation Z – understating finance charges
- Fair Credit Reporting Act – adverse action notice requirements
Here’s a summary of these findings and some of the tips provided by the article.
continue reading »