Banker's Compliance Consulting Blog

CFPB Spring 2024 Regulatory Agenda

Updates to the regulatory agenda for the CFPB were recently released. Below is a glimpse into what...

Mortgage Servicing: Early Intervention Requirements

Regulation Z requires that servicers of mortgage loans that are secured by a borrower’s primary...

FinCEN’s Year in Review

FinCEN recently released its “Year in Review” for its 2023 fiscal year. Much of it focused on the...

Section 1071 Principal Owners VS. BSA/AML Beneficial Owners

Another wrinkle with the Section 1071 Rule that institutions need to be aware of involves the...

July Highlights

If you missed our July 2024 Monthly Connection, there was some great information provided on a...

FDIC Advertising Q & As

Back in December, the FDIC issued a Final Rule to amend Part 328 which addresses FDIC Official...

TRID: Construction Loan APRs

Calculating the Annual Percentage Rate on a construction loan can be a little tricky as there are...

Drug Trafficking Red Flags

In early 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...

2024 Overdraft Proposal

In case you missed it, the CFPB issued a Proposal back in January regarding overdrafts. The...

Section 1071 Denial Reasons VS. Regulation B Denial Reasons

While the 1071 requirements are part of Regulation B, not everything lines up perfectly. For...

The 1071 & HMDA Intersection

If you had a chance to review the “Section 1071 Small Business Lending Application Coverage...

FFIEC Publishes 2023 HMDA Data

The FFIEC has announced the availability of 2023 HMDA data which includes data from over 10 million...

Regulation E: Frequently Cited Violations

Regulation E’s error resolution requirements are typically a hot bed for finding violations. Thus,...

FinCEN Proposal to Strengthen and Modernize AML/CFT Programs

On June 28, the Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to update Bank...

Section 1071 Coverage Flowchart

When it comes to Regulation B’s Section 1071 Rule (1071), knowing whether an application is...

FinCEN Advisory on Fentanyl and Other Synthetic Opioids

FinCEN recently issued a Supplemental Advisory on the Procurement of Precursor Chemicals and...

Regulation CC Changes

It’s nice that our banking regulations typically follow a similar format. For example, the first of...

CFPB Issues Final Rule on Automated Valuation Models (AVMs)

On June 24th the CFPB, Federal Reserve, NCUA, OCC and the Federal Housing Finance Agency issued a ...