Compliance Management Policy
The purpose of this Compliance Management Policy Template is to address the Compliance Management Program of a bank, credit union, or other type of financial institution in order to adhere to all applicable laws, rules and regulations. In general, an organization’s Compliance Management Program is designed to prevent or reduce regulatory violations, protect consumers and customers from noncompliance and associated harms, decrease the costs and risks of litigation affecting revenues and operational focus, and help align business strategies with outcomes.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Risk Management – Topic 3
- Structure of Accountability and Responsibility – Topic 4
- Consumer Compliance Rating System Reference – Topic 5
- Responsible Business Conduct Standards – Topic 6
- Treatment of Confidential Supervisory Information – Topic 7
- Incentive Compensation Standards – Topic 8
- Protection Principles for Consumer-Authorized Financial Data Sharing – Topic 9
- Policies, Procedures and Processes – Topic 10
- Training and Communication – Topic 11
- Compliance Monitoring and Auditing – Topic 12
- Forms Management – Topic 13
- Centralized Compliance Information Resources – Topic 14
- Complaint Policy – Topic 15
Includes the following form templates:
- Complaint Log (1 page)
- Complaint Report (1 page)
Recent updates to this product:
CFPB Compliance Bulletin 2020-01 – Responsible Business Conduct: Self-Assessing, Self-Reporting, Remediating, and Cooperating
OCC Bulletin 2019-15 – Statement on Confidentiality
OCC Bulletin 2018-18 – Compliance Management Systems Booklet
CFPB – Consumer Protection Principles for Consumer-Authorized Financial Data Sharing and Aggregation
This Compliance Management Policy Template (approximately 47 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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