Know if your CMS ensures Consumer Protection & Compliance.

Know if your CMS ensures Consumer Protection & Compliance.

“When it comes to consumer protection, Compliance Regulators don't mess around.” Federal Deposit Insurance Corporation (FDIC) sent this message in an enforcement action against a Wisconsin community bank that demonstrated weaknesses in its consumer protection and compliance program. The EA clarifies that the bank has to improve the following areas of its Compliance Management System (CMS),...

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