Banker's Compliance Consulting Blog

CFPB Spotlights Credit Card Reward Troubles

The CFPB recently put out an “Issue Spotlight” on Credit Card Rewards which warned that, in many...

FDIC Advertising & Signage Resources

If you missed our Deposit Operations Compliance Q & A on April 30th, we answered a ton of attendee...

CFPB Issues Interpretive Rule on Buy Now Pay Later Loans

The CFPB has issued an Interpretive Rule that states lenders that issue digital user accounts that...

Understanding Customer Risk Profiles

If you have employees that are new to BSA compliance or even banking in general, the concept of a...

Section 1071: Business Owner Status

One of the biggest hurdles related to Section 1071 is collecting the Business Ownership Status....

Auditing Your BSA/AML Program

Auditing your BSA/AML program encompasses a lot of different requirements. From currency...

What’s the Purpose of Rescission?

The Truth in Lending Act (TILA)/Regulation Z is all about getting information into a consumer’s...

HMDA & Ag Properties

If your institution is subject to HMDA, the first thing you have to do when you receive a loan...

Supreme Court Sides With CFPB

Just in! The Supreme Court has ruled 7-2 that the CFPB’s funding structure does not violate the...

Regulation CC Thresholds Final Rule

You might recall that, back on July 1, 2020, certain funds availability thresholds found in...

Welcome Andy Zavoina!

The wheels of compliance never stop turning which means, as new regulations are issued and existing...

Flood Insurance: Waivers, Exemptions & Exclusions

The general rule of thumb is that you can never “waive” flood insurance. If you have a structure...

Fall Virtual Conference

With summer right around the corner, an upcoming vacation, backyard barbecue, your garden or a...

FDIC Signs “Within an Institution’s Premises”

If you haven’t had a chance to dig into the FDIC Rule changes just yet, this is your warning that...

CFPB Proposed Prohibition on NSF Fees

In case you missed it, the CFPB issued a Proposal back in January that will prohibit financial...

Adverse Action & Commercial Applicants

When it comes to adverse action notices, remember that two different regulatory requirements can...

BSA: Knowing Your Customer

New employees often have a huge learning curve. Not only do they need to be trained on their...

TRID Applications & Strategic Collection

When it comes to mortgage lending, the definition of an “application” can differ depending on what...

Section 1071: Policies vs. Procedures & the Board

When it comes to your Section 1071 planning and implementation efforts, you want to be careful that...

Auditing BSA/AML: Scoping the Audit

When it comes to auditing a BSA/AML program, a good place to start is by looking back at what...

HMDA Action Taken: Applicant Conditions vs. Property Conditions

Being a HMDA-Reporting financial institution brings many challenges from a compliance perspective....

Section 1071: Number of Principal Owners

When it comes to Section 1071 data collection and reporting, there are some similarities with other...

Flood: Relying on A Prior Flood Determination

Have you ever been confused about if or when you could rely on a previous flood determination form?...

Knowing Your Customer When Banking Marijuana & Hemp

Choosing to bank customers involved in the marijuana or hemp industry is not right or wrong. It is...