Banker's Compliance Consulting Blog

TRID: Revising the Loan Estimate

When a valid changed circumstance occurs, it may cause the regulatory tolerances to be exceeded....

HMDA Demographic Information & Applications Not Taken In Person

When an applicant submits a HMDA-reportable application, institutions are required to request...

FinCEN Analysis on CVC for Online Child Sexual Exploitation and Human Trafficking

On February 13, 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...

HMDA: Temporary Financing Exclusions

The HMDA requirements state that institutions should NOT report loans or lines for temporary...

Regulation E: Consumers Only

Section 1005.3(a) of Regulation E lays out what’s covered by the Rule. It specifies that Subpart A...

BSA for Tellers: The Why

Money laundering is a complex crime and is designed to hide the source of illegally obtained funds...

Truth In Savings Act: Fee Terminology Requirements

The Truth in Savings Act (Regulation DD) plays a crucial role in helping consumers make informed...

“Absorbing” Loan Costs on the Closing Disclosure

Lenders sometimes negotiate certain fees with respect to a mortgage loan application. For example,...

The Importance of Compliant Loan Estimates

A “Loan Estimate” is exactly what it sounds like. It’s an estimate of loan costs and other...

Regulation CC Delays and Overdraft Fees

When you delay the funds from a customer’s deposit beyond your normal availability schedule,...

Commercial Lenders & Documenting Joint Intent

There is still a misconception out there among some lenders that Regulation B (The Equal Credit...

HMDA: Business Purpose Home Equity Exclusion

HMDA-reporting financial institutions are required to collect and report specific information...

Escrow Account Short-Year Statements

Escrow accounts are based on a 12-month period referred to as the escrow account computation year....

FinCEN Proposal for Residential Real Estate “Closers”

Last week, you may have seen that FinCEN proposed a new rule related to residential real estate...

Overdraft Proposal for Very Large Financial Institutions

On January 17th the CFPB issued a Proposal that is intended to rein in excessive overdraft fees....

CFPB Proposal on NSF

We alerted you to a Proposal that will amend Regulations Z and E regarding overdraft fees for very...

What is Section 1033?

If you haven’t started looking into the CFPB’s Proposal for implementing Section 1033 of the...

The Importance of Identifying Beneficial Owners

If you are a customer service representative responsible for opening new accounts, you are probably...

Truth in Savings Act Change in Terms

The Truth in Savings Act (Regulation DD) is all about getting information in the hands of consumers...

The Mortgage Life Cycle: Seller’s Closing Disclosure

When it comes to the life cycle of a mortgage loan transaction, there are very few instances where...