Banker's Compliance Consulting Blog

CFPB Takes Action Against Mortgage Lender

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

Will Section 1071 Go Away?

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

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...

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...

Section 1071: Collecting Sex/Gender

When it comes to collecting demographic information under Section 1071, things may look a little...

Section 1071: Application Method

When it comes to reporting Section 1071 data, a financial institution must indicate whether a...

OFAC Updates Rules Related to Blocked Property

OFAC has issued a Final Rule that clarifies its process for blocked property and related actions....

Consent Order on Mortgage Servicing

Mortgage servicing requirements have changed quite a bit over the years and there are likely more...

Closed-End Refinances

We’re often asked whether making a change to an existing closed-end loan agreement triggers new...

CFPB Issues Circular to Highlight Whistleblower Protections

The CFPB recently issued Circular 2024-04 to highlight its stance that requiring employees to sign...