Banker's Compliance Consulting Blog

HELOC Fees & Periodic Statements

We received the following question for our December Monthly Connection:

TRID: Disclosing Construction Loans

Does disclosing construction loans in accordance with the TRID requirements have you down? We...

FinCEN Issues Notice on Convertible Virtual Currency Kiosks

In August, FinCEN issued a Notice urging financial institutions to be on the lookout for...

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It appears the CFPB is set to publish an interim final rule (unpublished version here) that will...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