Banker's Compliance Consulting Blog

Privacy: Sharing with Affiliates

The Privacy Rule (Regulation P) governs your ability to share a consumer’s nonpublic personal...

Currency Transaction Report Critical Fields

Currency Transaction Reports (CTRs) take a lot of time, effort, and energy. Not only do you need to...

Overdrafts: A Changing Landscape

Back in March, Acting Comptroller Michael J. Hsu made remarks at a Consumer Bankers Association ...

CFPB Issues Circular on Unlawful/Unenforceable Contract Terms

The CFPB issued a Circular warning that the use of “unlawful or unenforceable terms and conditions”...

CFPB Issues Final Rule to Officially Extend 1071 Compliance Dates

As anticipated, the CFPB has issued a Final Rule to extend the 1071 mandatory compliance deadlines....

Appraisal/Valuation Independence

Section 1026.42 of Regulation Z requires valuation independence in any open or closed-end consumer...

BSA: Suspicious Activity Monitoring

Your Bank Secrecy Act program is all about helping the federal government detect and prevent money...

Supreme Court Ruling, Bank Secrecy Act Beneficial Owners vs. 1071 Principal Owners

In the world of compliance, staying ahead of regulatory changes is crucial. For professionals in...

BSA & Monitoring - a Key Component

Effective monitoring is a key component of your BSA/AML program. Having systems in place to...

What If a Borrower Rescinds?

In certain transactions secured by a borrower’s primary residence, a borrower is entitled to the...

BSA/AML Q&A

Do you have burning questions related to BSA/AML compliance? Struggling with Beneficial Owners,...

Privacy Notice

Regulation P aka the Privacy of Consumer Financial Information requirements have been around for...

Currency Transaction Reports: Multiple vs. Aggregated Transactions.

There are a lot of pieces to the Bank Secrecy Act compliance puzzle. One of those pieces is the...

HMDA: Withdrawn Applications

One of the most difficult data fields when reporting HMDA data is the Action Taken field. While it...