Banker's Compliance Consulting Blog

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...

Section 1071 Coverage Flowchart

When it comes to Regulation B’s Section 1071 Rule (1071), knowing whether an application is...

CFPB Issues Final Rule to Officially Extend 1071 Compliance Dates

As anticipated, the CFPB has issued a Final Rule to extend the 1071 mandatory compliance deadlines....

Supreme Court Ruling, Bank Secrecy Act Beneficial Owners vs. 1071 Principal Owners

In the world of compliance, staying ahead of regulatory changes is crucial. For professionals in...

CFPB Issues Interpretive Rule on Buy Now Pay Later Loans

The CFPB has issued an Interpretive Rule that states lenders that issue digital user accounts that...

FDIC Signs “Within an Institution’s Premises”

If you haven’t had a chance to dig into the FDIC Rule changes just yet, this is your warning that...

CFPB Issues Circular on UDAAP Risks with Digital Comparison-Shopping Tools

The CFPB recently issued Consumer Financial Protection Circular 2024-01 which addresses...