Regulacje i polityka gospodarcza · 16.12.2009

Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks

The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, requests comment on this proposed Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks (guidance). Upon completion of the guidance, and after consideration of comments received from the public, the Federal financial institution regulatory agencies will issue it as supervisory guidance to the institutions that they supervise and the State Liaison Committee of the FFIEC will encourage state regulators to adopt the guidance. Accordingly, institutions will be expected to use the guidance in their efforts to ensure that their risk management and consumer protection practices adequately address the compliance and reputation risks raised by reverse mortgage lending.