FDIC notes updates to its consumer compliance exam manual

December 1, 2022 FDIC 0

The November updates to portions of its Consumer Compliance Examination Manual (CEM) were announced Thursday by the federal bank deposit insurer.

The Federal Deposit Insurance Corp. (FDIC) said the CEM provides supervisory information regarding consumer compliance examinations, Community Reinvestment Act (CRA) performance evaluations, and other supervisory activities; and includes supervisory policies and examination procedures for evaluating financial institutions’ compliance with federal consumer protection laws and regulations.

The agency said the updates were made to chapters on SOURCE violation codes (related to advertisement of membership and an added abusive violation code); the sample letter for pre-examination packet (revised hyperlink); and overdraft payment programs (improving citations).

View the CEM

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