Banker's Compliance Consulting Blog

TISA & Fraud

During our Monthly Connection, we received a question about closing a customer’s account due to...

CFPB to Delay Section 1071 Compliance Dates

It appears the CFPB is set to publish an interim final rule (unpublished version here) that will...

Rescission for a Rented Home

We recently received an interesting question about whether the right of rescission applies to the...

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....