Banker's Compliance Consulting Blog

Understanding the Lottery Prohibition

Section 20 of the Federal Deposit Insurance Act states that a bank may not:

HMDA: DI for Online Applications

If you allow applicants to complete/submit HMDA applications online, you must give them the...

HELOC Fees & Periodic Statements

We received the following question for our December Monthly Connection:

How Regulatory Agencies View Complaints

Regulatory agencies are in the business of protecting the rights of your customers and preventing...

Crypto / Virtual Currency: Darknet Marketplaces

The use of crypto and/or virtual currency is often associated with criminal activity. While that is...

Q & A Corner

One of the monthly features in our magazine, Banking on BCC, is the Q & A Corner. Each month, we...

Fair Lending: Regulation B Proposal

The CFPB has issued a proposed rule intended to clarify creditor obligations under Regulation B...

FDIC Signs Compliance Delay

In case you missed it, the FDIC issued a Final Rule on November 25th to officially push the...

BSA/AML/CFT Reform

There was a lot of hoopla surrounding the AML/CFT reform proposal when it was issued back in June...

Withdrawn Applications

While we were patiently waiting for a new Section 1071 proposal, members of our 1071 Thought...

Regulation E Error Resolution Misconceptions

One very common misconception, when it comes to Regulation E error resolution is the idea that if a...

UDAAP: The Struggle

Most institutions know that they need to be on the lookout for unfair, deceptive or abusive acts or...

FinCEN Alert on Cross-Border Funds Transfers Involving Illegal Aliens

FinCEN has issued Alert FIN-2025-Alert003, urging money service businesses to maintain vigilance ...

BSA/AML/CFT Compliance: It’s Everyone’s Job

During our November AML/CFT Membership Group meeting, Emily discussed the important role that your...

Compliance Officers & the Regulatory Crush

Compliance officers know all too well that keeping up in the regulatory world can be a huge...

Policies, Procedures & the Board of Directors

Policies, procedures and processes are a necessary part of any compliance program. An institution’s

RESPA Section 8: What’s An “Agreement or Understanding”

Section 8 of RESPA states that …No person shall give and no person shall accept any fee, kickback...