Compliance Alliance Question of the Week

Question:
For examination purposes, should we be logging all changes to our website or just the ones related to compliance?
 
Answer:
Since the bank's website is generally considered an advertisement and sometimes contains disclosures required by federal regulations, the bank would want to be sure to retain records of the webpages for any applicable retention periods. How long the pages should be kept would generally depend on the regulation that the content of the page falls under. For example, if the page contained an advertisement for deposit accounts, then the bank would want to retain a copy of that webpage for 2 years under Regulation DD.
 
The bank may also find our Record Retention Schedule helpful here:
https://www.compliancealliance.com/find-a-tool/tool/record-retention-schedule-cheat-sheet