Banker's Compliance Consulting Blog

Auditing TRID Application Dates

When it comes to compliance, the application date is often what triggers required disclosures....

SCRA: 6% Interest Rate Cap

One of the benefits afforded to servicemembers under the Servicemembers Civil Relief Act (SCRA) is...

FinCEN Issues Geographic Targeting Order

On March 11th, FinCEN issued a Geographic Targeting Order (GTO) to combat money laundering and...

TISA: Fee Terminology

One requirement of the Truth in Savings Act is that institutions use consistent fee terminology....

TRID Tolerances & Cures

One of the key components of the TRID Rule is the concept of tolerances. Essentially, you will be...

Truth In Lending: Rescission Period

Truth in Lending (Regulation Z) provides borrowers a “cooling off period” for certain types of...

Compliance Management Systems: Risk Assessments

One of the pillars of a Compliance Management System (CMS) is Risk Assessment. Before you can even...

Closing Disclosures & Third Parties

When it comes to the Closing Disclosure (CD), things can get a little confusing when third parties...

Components of a Money Laundering Scheme

Frontline personnel have a unique vantage point for identifying potentially suspicious activity...

HMDA Action Taken Date

Under Regulation B, when an applicant withdraws an application, there is no requirement to send the...

Section 1071 Firewall

The Section 1071 Rule requires financial institutions to implement and maintain a “firewall” that...

Qualified Mortgages & Safe Harbor

The purpose of Regulation Z’s Ability to Repay and Qualified Mortgage (QM) requirements are all...

HMDA Demographic Information: Don’t Touch It

When an applicant provides their demographic information, we like to tell people, “U Can’t Touch...

Combatting Elder Financial Exploitation

In December 2024, the Agencies issued an Interagency Statement on Elder Financial Exploitation...

Regulation E Error Resolutions: Filter and Funnel

Every institution has their Regulation E error resolution rocket scientists. These people know...

TRID Loan Estimate: Other Costs

It can be easy to tend to focus on those services required by the lender when completing the Loan...

BSA-AML-CFT Non-Profit & Charitable Organizations

Back in November 2020, the Agencies issued a Joint Fact Sheet on Bank Secrecy Act Due Diligence...

Clips from Feb. AML/CFT Group

BSA/AML/CFT: Non-Profit & Charitable Organizations

TRID Changed Circumstances

When it comes to changed circumstances for TRID, it ultimately comes down to what did you know and...

MLA Covered Borrower Status

For Military Lending Act purposes, a covered borrower is any member of the military (or a...

HMDA: Action Taken Date

One of the data fields required to be reported for HMDA is the Action Taken Date. While this might...

Customer Due Diligence for Lenders

A key aspect of BSA/AML/CFT compliance is knowing “who” your customer is. For example, lenders are...

HMDA Small Filer: Data Accuracy

We say it all the time… HMDA compliance is difficult because the margin for error is so small....

Another Delay to the FDIC Rule Changes

On March 3, 2025, the FDIC further delayed the compliance date for certain portions of its December...