Products and Services Policy
This Products and Services Policy addresses how a bank, credit union, fintech company, or other type of financial institution properly evaluates and oversees its new products and services (including the enhancement and/or revision of existing products and services) to verify that they are permissible and, if applicable, obtain the necessary regulatory approvals to ensure compliance with all federal and state laws, rules, and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Organization, Responsibilities and Administration – Topic 3
- Strategic Planning and Due Diligence – Topic 4
- Regulatory Applicability – Topic 5
- Risk Management – Topic 6
- Audit Policy – Topic 7
- Staff Training Topic 8
- Retention of Documentation – Topic 9
This Products and Services Policy (approximately 25 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via email every time it’s revised, within one year from the last date of purchase.
