What can ComplianceAction do for you?
What are you doing with your free time? Had some new responsibilities assigned lately? And, you're expected to deal with them in your spare time?
Sure, cut out the time you spend breathing and maybe you can get it done. The bottom line in compliance management is that there is too much to do, too much to learn, too much to implement, too much to change, too much to train, too much to monitor. You get the idea. We have the idea too.
We'd like to help you get your job done (and maybe even be able to take a day off.) We've designed ComplianceAction to help you. Here's how:
ComplianceAction includes articles about new developments in compliance laws, regulations, and interpretations. But we do more than describe the change, we tell you what to do about it. Each major article contains ActionSteps, things to check on or change, or a new process to start. We even list who needs to know or be involved. In short, the ActionSteps are your "to do" list.
We also have articles addressing compliance problem areas, such as what compliance requirements apply to commercial lending, when signatures are required or prohibited, how to use credit scoring, or when and how to give disclosures of different kinds. And we include ActionSteps for these too.
ComplianceAction gives you information on compliance enforcement trends. We stay in touch with examiners and the recently examined to bring you the latest information. These articles help you prepare for the next examination, so you'll be ready with a good response to the items that are at the top of the examiner's list. And you look good to your management as well.
Often, ComplianceAction includes charts or lists to help your staff. You can use these for training and hand them out as job aids.
The subscription includes direct access to the editor. You can email us with compliance questions – and we answer them. Some of your questions show up on the Question-and-Answer page, anonymized, of course. That way, you get your answer in print to show to any doubters.
We share success ideas - ideas that work. Other compliance managers - and even some examiners - have shared their ideas for getting compliance to happen. You can use their ideas directly, even some forms we print, or build off their ideas.
We include a calendar on compliance events to remind you when to review HMDA data, when comment letters are due, when to expect action on something - this one often changes a lot - and reminders about what to do on a regular basis, such as training, board briefings, and policy reviews.
We've been sharing advice for a long time and we have a large archive of articles, training pages, charts, checklists, and Q&As. This treasure trove of information is yours to use and is included in your membership.
A subscription to ComplianceAction is not limited to one person but is extended to the rest of your team. Integrated directly into BankersOnline, additional staff can register and gain access to all the ComplianceAction premium content directly through their (free) BOL account.