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EXAM PREP

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In the post-financial-crisis world, asset quality and liquidity issues continue to be hot buttons for all federal regulators. But community bankers know examiners are also taking a close look at how banks are complying with new consumer rules in overdraft protection as well as existing rules pertaining to the Fair Lending and Truth in Lending laws, particularly after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act placed a greater emphasis on consumer compliance. Examiners want to make sure each assessment is in compliance with the bank's risk factors, Calvin Hagins, director for compliance policy for the Office of the Comptroller of the Currency, says. For the new overdraft rules, examiners are reviewing the types of disclosures that banks are distributing to their customers to make sure banks are explaining their programs clearly, Hagins says. Banks must also take care to train the appropriate employees in the new rules, he says.

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