Banker's Compliance Consulting Blog

CFPB Looking at Mortgage Loan Junk Fees

The CFPB has continued to keep busy with junk fees. We’ve previously seen proposals to limit...

TRID: Documenting Intent to Proceed

Doing compliance reviews and consultations all over the country, our review team looks at a crazy...

HMDA Data: Loan Amount

If your financial institution is subject to HMDA, you know all too well just how little room there...

SCRA Interest Rate Reduction

Back in December 2022, the CFPB issued a report titled, “Protecting Those Who Protect Us”. The main...

BSA for Lenders: CIP & CDD

A big component of a BSA/AML program is knowing your customers. The more you know about your...

Reporting HMDA Data: Occupancy Type

When you report HMDA data, you must be very meticulous because there is very little room for error....

TRID Changed Circumstances

When it comes to determining whether you have a changed circumstance, it comes down to what you...

HMDA Demographic Information: Business Purpose Home Equity

When it comes to collecting an applicant’s government monitoring information or their demographic...

Rate Set Date

There are several regulatory requirements and even definitions that are dependent upon a rate...

Elder Financial Exploitation

Elder abuse, which includes elder financial exploitation (EFE) and other forms of abuse, affects at...

Electronic Fund Transfers: Unauthorized Transactions

Section 1005.2(m) defines an unauthorized electronic funds transfer as:

TRID: Split Buydowns

Completing the Closing Disclosure can sometimes be a challenge, especially when the Regulation does...

BSA for Lenders: Risk Assessment

One of the key components of a BSA/AML program is the risk assessment. Every financial institution...

HMDA Loan Purpose

The HMDA rules require a financial institution to report dwelling-secured applications for the...

District Court Finds Corporate Transparency Act to be Unconstitutional

If you subscribe to our magazine,Banking on BCC, we’ve written a lot about the Anti-Money...

FDIC Advertising Updates

In case you missed it, the FDIC released a Final Rule to update its advertising requirements which...

TRID: Understanding Unlimited Tolerances

When it comes to TRID, an estimated closing cost is generally considered to be “in good faith” if...

CFPB Issues Circular on UDAAP Risks with Digital Comparison-Shopping Tools

The CFPB recently issued Consumer Financial Protection Circular 2024-01 which addresses...

CFPB Restricts Late Payment Fees Charged by Larger Credit Card Issuers

On March 5th, the CFPB issued a Final Rule to address “excessive” late fees charged by larger card...