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Virtual Currency Risks
By Kevin Edwards
| Dec 19, 2023
Crypto and/or other virtual currencies are inherently higher risk because they provide anonymity,...
CIP Is Just the Beginning
By Kevin Edwards
| Dec 18, 2023
Your Customer Identification Program (CIP) is about knowing your customer. It’s designed to help...
Regulation CC Exception Hold Reasons
By Kevin Edwards
| Dec 15, 2023
Regulation CC specifies when a financial institution must make the funds from a deposited item...
The Mortgage Life Cycle: Closing Disclosure Accuracy
By Jerod Moyer
| Dec 15, 2023
One area of confusion that we see with the TRID Rule has to do with the accuracy of the information...
Escrow Accounts: Loan Payoffs & Loan Payoff Statements
By Jerod Moyer
| Dec 15, 2023
If your financial institution requires escrow accounts subject to §1024.17 of RESPA, you know that...
Advertising & The Fair Housing Act
By David Dickinson
| Dec 15, 2023
The Fair Housing Act prohibits discrimination in a financial institution’s advertising....
TRID: Pre-Disclosure Restrictions
By Jerod Moyer
| Dec 15, 2023
The TRID requirements found in Regulation Z state that once a lender has received six specific...
Section 1071 Firewall Requirement
By Jerod Moyer
| Dec 14, 2023
One of the more potentially challenging aspects of the Section 1071 data collection and reporting...
Customer Due Diligence & Virtual Currency
By Kevin Edwards
| Dec 14, 2023
When it comes to crypto and/or other types of virtual currencies, what do financial institutions...
The Mortgage Life Cycle: Higher-Priced Mortgage Loans
By Jerod Moyer
| Dec 14, 2023
From the time you receive a mortgage loan application (sometimes even before) to when that loan is...
The Importance of a Fair Lending Roadmap
By Jerod Moyer
| Dec 14, 2023
Underwriting is a critical aspect of the lending process and involves assessing an applicant’s...
Why Is Beneficial Owners Important?
By Kevin Edwards
| Dec 14, 2023
It’s no secret that the “bad guys” are usually a step ahead of regulatory compliance. They are...
Tips for Submitting Your HMDA Data
By David Dickinson
| Dec 14, 2023
HMDA is one of the most difficult regulations to comply with because there are accuracy standards...
CFPB Looking to Take Action on Overdrafts & Fees
By Amy Kudlacek
| Dec 08, 2023
In case you missed it, the CFPB recently released its Fall 2023 Rulemaking Agenda. While there are...
TRID: Application Date
By Jerod Moyer
| Dec 08, 2023
If you are new to the TRID requirements found in Regulation Z, you might feel like your head is...
Advertising Deposit Products & Services as “Free”
By David Dickinson
| Dec 08, 2023
When it comes to advertising your deposit products and services, there are a lot of things that...
Complaints: Dissatisfaction & Awareness
By Jerod Moyer
| Dec 08, 2023
Since there is no regulatory definition as to what a complaint is, institutions are somewhat left...
Section 1071: Understanding the HMDA Exemption
By Jerod Moyer
| Dec 08, 2023
Hopefully, by now, you’ve determined whether your financial institution will be subject to the...