Banker's Compliance Consulting Blog

TRID & the Good Faith Standard

It is crucial that lenders understand the Good Faith Standard related to TRID disclosures (Loan...

RESPA’s Section 8 Prohibitions

A recent Advisory Opinion related to RESPA’s Section 8 prohibitions was released by the CFPB in...

HMDA for Large Filers: Filing Instruction Guide

Whether you are a large or small filer for HMDA, you should be familiar with the CFPB’s Filing...

FinCEN Provides Beneficial Owner Resources for Reporters

As promised, FinCEN has released a number of resources aimed at helping businesses understand their...

HMDA Data: Application Date

When it comes to the application date for HMDA, you need to ensure you are relying on how HMDA...

Section 1071 Final Rule Issued

It’s been a long time coming, but the Section 1071 Final Rule is finally here! You may recall this...

CFPB Issues Final Rule to Update Contact Information

On March 17th, the CFPB issued a Final Rule to update contact information for several different...

BSA & Monitoring

Monitoring is a key component of your BSA/AML program. It is imperative that you have systems in...

Beneficial Owners for Lenders

The Beneficial Owner requirements apply to legal entity customers who open an account that could be...

FREE Deposit Compliance Q & A Forum

When it comes to unauthorized electronic funds transfers, Regulation E is all about protecting the...

HMDA Demographic Information: Don’t Touch It!

When an applicant completes their demographic information, we like to tell financial institutions...

What is Private Flood Insurance?

As of July 1st, 2019, financial institutions must accept a private flood insurance policy if a...

Ability to Repay Documentation

The Ability to Repay requirements found in Regulation Z require lenders to make a good faith and...

TRID Closing Disclosure: Estimated Taxes, Insurance & Assessments

The Estimated Taxes, Insurance, and Assessments section within the Projected Payments Table on the...

FinCEN issues an Alert on Increasing Mail Theft

FinCEN recently issued an Alert in light of what it’s seeing as a …a nationwide surge in check...

Regulation E: Provisional Credit

When a customer notifies you of an error, you are required to start an investigation. Under ...

CFPB Issues Advisory Opinion on RESPA Section 8

The CFPB recently issued an Advisory Opinion that focuses on how RESPA’s Section 8 prohibitions...

HMDA Data: Universal Loan Identifier

If you are a “large filer” for HMDA, meaning you report ALL data fields, you are required to report...

HMDA Small Filers: Loan Purpose

HMDA applies to applications for the purpose of Home Purchase, Home Improvement, Refinancing, or...

ECOA Small Business Lending Data Collection

We’re still waiting!

TRID: Disclosing Title Insurance

When it comes to disclosing the lender’s and owner’s title insurance on the Loan Estimate, it can...

BSA for Operations: CTRs

BSA compliance is the responsibility of everyone in your institution. On the operations side, you...

HMDA Demographic Information

If you are an HMDA reporting bank, you know all too well that collecting Demographic Information...