Banker's Compliance Consulting Blog

Corporate Transparency Act Enforcement Update

The enforcement landscape surrounding the Corporate Transparency Act (CTA) has taken another sharp...

Advertising: Closed-End Credit Triggering Terms

If you advertise closed-end credit, there are several “triggering” terms you need to be aware of....

Mortgage Life Cycle: Requiring Signatures

Regulation B states …a creditor shall not require the signature of an applicant's spouse or other...

Complaints: Monitoring, Reporting & Oversight

Addressing complaints is the most important aspect of a complaint management program. If a customer...

FDIC Official Digital Signs

The FDIC advertising changes found in Part 328 (Subpart A) – FDIC Official Signs and Advertisement...

Providing a Closing Disclosure Too Soon

The Closing Disclosure (CD) must be received by the applicant no later than three business days...

Deepfake Media Fraud Schemes

Artificial intelligence (AI) is a hot topic right now and while it is very useful in certain...

Section 1071: Applicant-Provided Data

As you prepare to comply with Section 1071, your procedures will need to address how you will...

Breaking News: Beneficial Owner

We have some breaking news regarding the attempts to modernize the beneficial ownership rules. You...

Fair Lending & Different Treatment

The CFPB released a Report giving the results of some “matched-pair testing” it recently conducted...

Complaints: Seeing The Opportunity

Complaints are inherently negative, and we find that institutions often think dealing with them is...

HMDA: Common Data Field Errors – Part 1

HMDA compliance is tough! With all the data you are required to collect and report, there are bound...

Top Violations: TISA Consistent Terminology

One violation that our Review Team finds pretty consistently is the Truth in Savings Act (...

The Struggle of UDAAP

The struggle of UDAAP is that it lurks in the gray areas. When it comes to compliance, a lot of the...

FDIC Signage

Changes are coming with respect to how you advertise FDIC insured and non-FDIC insured products....

Top BSA Violations: CIP

At our Virtual BSA/AML Conference in November, there was a session on “Top BSA / AML Violations &...

Compliance Officers: Doing vs. Managing

A compliance officer’s job is to oversee the compliance function and “manage” compliance, not “do”...

Components of a Money Laundering Scheme

The Bank Secrecy Act was implemented to help detect and prevent money laundering and terrorist...

RESPA Section 8: Digital Marketing Comparison Platforms

Back in February 2023, the CFPB issued an Advisory Opinion to alert institutions to the...