Banker's Compliance Consulting Blog

Mortgage Life Cycle On Demand

In March, we wrapped up our five-part webinar series on The Mortgage Life Cycle. This webinar...

Don’t Disregard IP Addresses!

When you conduct Regulation E dispute investigations, do you get information on IP addresses? If...

HMDA Action Taken Confusion

Reporting the “action taken” for HMDA often causes a lot of confusion. The biggest offenders are...

CFPB Finalizes “New” General QM Delay

The CFPB has finalized the delay of the mandatory compliance date for the “new” general Qualified...

Fall Virtual Conferences

It won’t be long and it will be time for our Fall Conferences! This year we will be offering the...

HMDA Refinance vs. Modification

When it comes to HMDA, a refinance is reportable, but a modification generally is not. So, what’s...

Fannie Mae/Freddie Mac Mortgage Loans

Do you make Fannie Mae or Freddie Mac backed mortgage loans? If so, we had some recent developments...

First MSB Enforcement Action

Earlier this year, the National Credit Union Administration (NCUA) issued its first enforcement...

Reasons for Denying a Loan

When you deny a loan, you are required to send an Adverse Action Notice. Regulation B goes on to...

Send Us Your Deposit Compliance Questions!

Free Compliance Resources! Published2021/04/26

How Much Flood Insurance?

How much flood insurance do you need? This is a question we get a lot. If you make, increase,...

HMDA Data Reporting

HMDA: Data Reporting

Joint Intent At Application

Regulation B states, a person’s intent to be a joint applicant must be evidenced at the time of...

HPML & HCM Questions

Do you have questions related to Higher-Priced and/or Higher-Cost Mortgage Loans? You are not...

HMDA: Collecting Demographic Information

Collecting an applicant’s demographic information (race, ethnicity & sex) isn’t always as easy as...

One-Time Debit & ATM Opt-In

Regulation E states, a financial institution holding a consumer’s account shall not assess a fee or...

When Do You Have An Application?

Regulation B defines an application as an oral or written request for an extension of credit that...

Relying on Previous Flood Determinations

One question we get quite often is, “can we rely on a prior flood determination”? In short, the...

Reporting “Action Taken” for HMDA

While the Action Taken data field may seem pretty straightforward on the surface, it’s actually one...

HMDA Question: Collecting Demographic Information

We received the following HMDA question recently. It’s one we get asked a lot, so we thought we...

Attention Secondary Market Lenders!

If you sell loans on the secondary market, there was a development last week you will want to be...

HMDA Small Filer

If your institution is subject to HMDA, and you made between 100 and 500 closed-end loans in each...

Flexibility Rescinded & Warning Shots Fired: Are You Prepared?

We recently alerted you to the fact that the CFPB rescinded several temporary policy statements...

CFPB Proposes Mortgage Servicing Changes and FDCPA Delay

The CFPB is continuing their efforts to minimize the number of foreclosures resulting from the...

Private Flood Insurance Q&As

On March 11, 2021, the Agencies announced new proposed guidance related to flood insurance in the...

BSA Compliance: Third-Party 314(a) Searches

Do you rely on a third party or your core processing vendor to conduct your 314(a) searches? ...

HMDA: Loan Term vs. Line Term

If you are a HMDA bank, you know some of the data reporting requirements can be downright...

CFPB Rescinds Statements on COVID-Related Relief

Effective April 1st, the CFPB rescinded several policy statements previously issued in response to...

Tailored BSA Training

Training is one of the most important aspects of your BSA/AML program. The Bank Secrecy Act...

FREE Deposit Compliance Q & A Forum

Do you have burning questions related to deposit compliance? Struggling with Electronic Funds...

TRID Changed Circumstances

It’s normal for changes to occur during the loan process. If the loan is subject to TRID, however,...

Applicants for Joint Intent

A common area of confusion when it comes to the joint intent rules, is “who” is an applicant.

Compliance Conferences

Can you believe it’s already April? It’s a little crazy to think we are just a little over five...