Banker's Compliance Consulting Blog

HMDA: Action Taken Date

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken Date.” In...

Adverse Action Notices: Giving the Reasons for Denial

Under Regulation B, when you take adverse action in connection with an application for a credit...

Putting EFT (Regulation E) Errors In Writing?

One reason the EFT dispute and resolution process can be so confusing is, that while you must meet...

Revising the Loan Estimate

Tolerances can only be reset when there is a valid changed circumstance. This does not mean;...

Section 1071 Bank Coverage

In case you missed it, on March 30, 2023, the CFPB issued its Final Rule for Small Business Lending...

Inquiry vs. Application

Do you know the difference between an inquiry and an application? Many lenders think they...

HMDA Action Taken: File Closed for Incompleteness

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken.” In other...

Flood Insurance: Determining Insurable Value

When determining the amount of flood insurance necessary for a building located in a Special Flood...

The Rate Set Date

There are several regulatory requirements found in Regulation Z that rely on a rate spread...