Banker's Compliance Consulting Blog

August 2024 Monthly Connection

The Monthly Connection is an interactive meeting with, andfor, bankers. During the August event,...

Construction Loan Challenges

When it comes to construction loans, there are a lot of additional things you need to consider for...

Section 1071 Application Coverage Matrix

If you are just starting to dig into the Section 1071 requirements or you have been preparing for a...

Section 1071 Principal Owners VS. BSA/AML Beneficial Owners

Another wrinkle with the Section 1071 Rule that institutions need to be aware of involves the...

TRID: Construction Loan APRs

Calculating the Annual Percentage Rate on a construction loan can be a little tricky as there are...

2024 Overdraft Proposal

In case you missed it, the CFPB issued a Proposal back in January regarding overdrafts. The...

Section 1071 Denial Reasons VS. Regulation B Denial Reasons

While the 1071 requirements are part of Regulation B, not everything lines up perfectly. For...

The 1071 & HMDA Intersection

If you had a chance to review the “Section 1071 Small Business Lending Application Coverage...

Appraisal/Valuation Independence

Section 1026.42 of Regulation Z requires valuation independence in any open or closed-end consumer...

Section 1071: Business Owner Status

One of the biggest hurdles related to Section 1071 is collecting the Business Ownership Status....