Banker's Compliance Consulting Blog

Resetting Your Compliance Management System

Your Compliance Management System (CMS) is what we like to refer to as your “house of compliance”....

Absorbed Costs on the Closing Disclosure

When it comes to itemizing charges on the Loan Estimate (LE), TRID states that charges “absorbed”...

HMDA Large Filers & Property Address

If your institution is a HMDA reporter, it’s important to know whether you are a small filer or a...

BSA/AML/CFT Programs

Financial institutions are required to have a BSA/AML/CFT program that consists of certain...

HMDA: Multifamily Dwellings

HMDA has a lot of intricacies, which make compliance a challenge. The first step is determining...

CFPB Takes Action Against Mortgage Lender

On January 17th, the CFPB took action against Draper & Kramer Mortgage Corporation for...

TRID Loan Estimate: Unlimited Tolerance Fees

The fees disclosed on the Loan Estimate are subject to certain tolerances. In other words, the fees...

Corporate Transparency Act Update

The legal drama surrounding the implementation of the Corporate Transparency Act (CTA), continues...

Regulation E: Authorized vs. Unauthorized EFTs

Regulation E does not define or address what constitutes “fraud”. Rather, it

HMDA Demographic Information at Application

If you’ve followed us for long, you’ve likely heard us say “HMDA is an application regulation”. The...

Will Section 1071 Go Away?

With the CFPB seemingly being shut down, at least temporarily, we’ve been asked a lot about what...

What’s Up with the CFPB?

The last month has been a little chaotic and while not a lot has impacted the banking industry...

BSA/AML/CFT: Communicating with the Board and Management

Keeping the Board of Directors and Management informed about upcoming changes regarding...

HMDA Small Filers: Exempt Data

If you are a “small filer” for HMDA, there is a lot of data you are not required to report. The...

Lender Responsibilities for BSA

BSA is all about helping our government thwart money laundering and terrorist financing. Whether...

Exceptions Holds for Being Repeatedly Overdrawn

Regulation CC outlines when institutions can delay deposited funds using an exception hold. These...

Commercial Lenders & FCRA

The Fair Credit Reporting Act lays out responsibilities for financial institutions that obtain or...

Proposed Rule to Strengthen and Modernize AML/CFT

The goal of the Proposed Rule to strengthen and modernize Anti-Money Laundering (AML) and...

Deregulation of Crypto?

On February 5, 2025, the FDIC released documentation related to its supervision of banks engaged in...

HMDA Data: Initially Payable to You

There are a lot of data points that you must report for each application on your HMDA LAR....

FinCEN Alert News

In mid-December, FinCEN issued an Alert to bring awareness to “Fraud Schemes Abusing FinCEN’s Name,...

Stay of 1071 Compliance Dates for ABA, ICBA Banks

The United States Court of Appeals for the Fifth Circuit has granted a stay on Section 1071’s...

HMDA Purpose

If you are a HMDA reporting institution, knowing which applications are covered is the cornerstone...

BSA/AML/CFT Risk Assessment

Risk assessments are more than just a box to check off on your compliance “to do” list, they are...

Flood Risk in the Mortgage Market

On January 13, 2025, the CFPB put out a report entitled, Flood Risk and the U.S. Mortgage Market...

CFPB Seeks to Stop Illegal Kickback Scheme

On December 23, 2024, the CFPB filed suit against Rocket Homes, The Jason Mitchell Group, 45 of its...

Customer Due Diligence: What to Look For

Customer due diligence is all about knowing your customers. You want to gather enough information...

Zelle & Cash App Criticized by CFPB

In case you missed it, Cash App and Zelle have been in the CFPB’s crosshairs recently. First, the...