www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

https://www.fdic.gov/resources/supervision-and-examinations/consumer-compliance-examination-manual/documents/2/ii-1-1.pdf

https://www.linkedin.com/feed/update/urn:li:activity:7172605257267433472/

Understanding the FDIC's Compliance Examination Program

This episode of Samantha Shares dives into the Federal Deposit Insurance Corporation's (FDIC) compliance examination program, highlighting its relevance to credit unions in light of upcoming separate compliance examinations and ratings by the National Credit Union Administration (NCUA). The podcast outlines the FDIC’s supervisory activities, including consumer compliance examinations, visitations, and investigations, aiming to ensure financial institutions comply with federal consumer protection laws. It details the examination process, which combines risk-focused and process-oriented approaches to evaluate the quality of an institution's Compliance Management System (CMS) and adherence to relevant laws and regulations. The episode also discusses the role of compliance examiners, the applicability of the examination program to both large and small institutions, and the importance of distinguishing between laws, regulations, and supervisory guidance. Sponsored by Credit Union Exam Solutions Incorporated, the podcast also promotes their services for credit unions facing NCUA examinations.

00:00 Introduction to Compliance Examination Program
01:03 Overview of Compliance Examinations
03:27 Examination Approach and Determining Risk
05:31 Evaluating the Compliance Management System
08:37 Applicability and Adaptability to Large and Small Institutions
10:52 Role of the Compliance Examiner
12:17 Overview of the Examination Process
17:05 Distinguishing Between Laws, Regulations, and Supervisory Guidance
18:39 Conclusion and Contact Information

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