Banker's Compliance Consulting Blog

1071 Procedures for Applicant-Provided Data

As you begin to think through your procedures for complying with Section 1071, you will obviously...

Section 1071 Applications

Under the Section 1071 Rule, covered institutions will need to collect and report data on any...

CFPB Cracks Down on Chatbots

The CFPB recently issued an “issue spotlight” to address concerns with the use of “chatbots”. It...

CFPB Updates HELOC Brochure

The CFPB has updated its HELOC Brochure, What You Should Know About Home Equity Lines of Credit....

What’s a Consumer Report?

The Fair Credit Reporting Act (FCRA) is concerned with a consumer’s rights in relation to their...

FDIC Guidance on Multiple Representment Fees

By now, you’re likely well aware that the FDIC has been citing institutions when examiners do not...

CFPB to Hold 1071 “Technical Readiness” Session

As you likely know, the Section 1071 Rulemaking will present a substantial challenge for many...

CFPB Issues Opinion on Consumer Reports

The CFPB recently issued an Advisory Opinion on Permissible Purposes for Furnishing, Using, and...

Regulation V Adds Protections for Human Trafficking Victims

The CFPB finalized amendments to Regulation V (Fair Credit Reporting) which allow victims of human ...

CFPB Studies Overdraft Programs

It’s really no secret that overdraft programs and practices have been areas of focus for all the...