And handling this was difficult because the laws and regulations changed often.
Penalties for Non-ComplianceYes, it's all about compliance. While your letter can be anonymous, a signed letter has more credibility with them, per the FDIC. Federal Government takes issue with non-compliance very seriously. Governor Pataki's leadership made Part 41 possible. Compliance, as it is a major part of Truth in Lending. This is a sign of the times in managing compliance risk. Science-fiction writer Ray Bradbury said, "Living at risk is stepping off the cliff and building your wings on the way down.
As mentioned in Section 2, Compliance is what it is all about. Consider the fair-lending enforcement cases that have been pursued by the Department of Justice.