Banker's Compliance Consulting Blog

FCRA/FACT Act Red Flags

Financial institutions are required to have a written identity theft prevention program that is...

Elder Abuse Scams

Back in June 2022, FinCEN issued an Advisory (FIN-2022-A002) related to Elder Financial...

Fair Lending Focus in CFPB’s Supervisory Highlights

The most recent edition of the CFPB’s Supervisory Highlights (Summer 2023) included a section on...

Court Order and 1071 Impact

As you’ve likely heard, on July 31, 2023, the U.S. District Court for the Southern District of...

Construction Fraud

On August 15, 2023, FinCEN issued a Notice alerting financial institutions to increasing payroll...

Refinances & Modifications: Regulation B Considerations

If you have a “refinance”, as defined by Regulation Z (Truth in Lending) in 12 CFR 1026.20(a), you...

Elder Financial Abuse Schemes

The Department of Justice estimates that each year 1 in 10 Americans over the age of 65 will...

Mortgage Servicing: Successors in Interest

The events that create a “successor in interest” are usually not happy ones. A successor in...

BSA/AML Manual Updates

On August 2, 2023, the FFIEC released updates to its Bank Secrecy Act/Anti-Money Laundering...

Flood Insurance: Wet vs. Dry Funding

Are you familiar with the terms “wet funding” and “dry funding” as it relates to flood insurance?...

A Snapshot of the CFPB’s Small Business Lending FAQs

As we mentioned in the July edition of Banking on BCC, the CFPB released Frequently Asked Questions...

Drug Trafficking Red Flags

When it comes to identifying potentially suspicious and/or illegal activity such as drug...

Payment App Fraud: Who’s Responsible?

As technology has continued to develop, digital payment methods have become more and more...

Mortgage Servicing: Successors in Interest

The events that create a “successor in interest” are usually not happy ones. A successor in...

Court Order Impacts 1071 Rule

On July 31st, a U.S. District Court in Texas ordered a stay to the 1071 compliance dates for...