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New Mortgage Servicing Rules Effective October 2017 & April 2018
By David Dickinson
| Jul 19, 2017
In October last year, the CFPB finalized amendments to the 2013 mortgage rules under the Real...
Beneficial Owners: Not Just Deposit Accounts
By David Dickinson
| Jul 04, 2017
You are probably well aware by now that the new Customer Due Diligence/Beneficial Owner rules...
CTR Completion Errors – RSSD ID
By David Dickinson
| Jun 29, 2017
One of the common errors we continue to see on Currency Transaction Reports (CTRs) is with the RSSD...
FinCEN Announces “Technical” Webinar for CTR Updates
By David Dickinson
| Jun 19, 2017
Since the electronic Bank Secrecy Act Currency Transaction Report (CTR) was introduced in March...
“Terms” vs. “Types” of Credit
By David Dickinson
| Jun 14, 2017
When a loan application is denied, compliance isn’t necessarily the first thing many loan officers...
CERTIFICATION OF BENEFICIAL OWNER MODIFIED MODEL FORM
By David Dickinson
| Jun 06, 2017
The final rule on Customer Due Diligence Requirements for Financial Institutions requires the...
2018 HMDA: Rate Spread Changes
By David Dickinson
| Jun 02, 2017
Did you know that reporting the Rate Spread for HMDA will change in 2018? You will be required to...