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Furnishers of Information
By Kevin Edwards
| Aug 26, 2024
If a financial institution furnishes information about consumers to a credit reporting agency, the...
Regulation Z: Closed-End Mortgage Loan Payments
By Kevin Edwards
| Aug 19, 2024
If you service consumer-purpose, closed-end loans secured by a borrower’s primary residence, there...
FCRA & Adverse Action
By Kevin Edwards
| Aug 12, 2024
When it comes to taking adverse action, the first thing that usually comes to mind are the...
Consumer Report Fraud Alerts
By Kevin Edwards
| Aug 06, 2024
When it comes to fraud alerts on credit reports, financial institutions want to ensure they not...
Mortgage Servicing: Early Intervention Requirements
By Kevin Edwards
| Jul 26, 2024
Regulation Z requires that servicers of mortgage loans that are secured by a borrower’s primary...
FinCEN Proposal to Strengthen and Modernize AML/CFT Programs
By Kevin Edwards
| Jul 15, 2024
On June 28, the Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to update Bank...
Regulation CC Changes
By Kevin Edwards
| Jul 03, 2024
It’s nice that our banking regulations typically follow a similar format. For example, the first of...
Privacy: Sharing with Affiliates
By Kevin Edwards
| Jun 28, 2024
The Privacy Rule (Regulation P) governs your ability to share a consumer’s nonpublic personal...
BSA: Suspicious Activity Monitoring
By Kevin Edwards
| Jun 12, 2024
Your Bank Secrecy Act program is all about helping the federal government detect and prevent money...