FDIC updates consumer compliance exam manual

June 5, 2023 FDIC 0

Updates made in May to the federal deposit insurance agency’s Consumer Compliance Examination Manual (CEM) were announced June 2 and are available on the agency’s website.

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

The May updates, the agency said, affected the following manual sections:

Introduction (I-1.1): This chapter was updated with technical corrections.
Examination and Visitation Frequency (II-12.1): The bank asset-size threshold was updated in this chapter.
Truth in Lending Act (V-1.1): The annual thresholds were updated in this chapter.
Truth in Savings Act (VI-3.1): This chapter was updated with technical corrections.
Retail Insurance Sales (IX-2.1): This chapter was updated with technical corrections.
Advertisement of Membership (X-1.1): This chapter was updated with technical corrections.
Community Reinvestment Act (XI-1.1): The annual thresholds were updated in this chapter.

Consumer Compliance Examination Manual (CEM)

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