Banker's Compliance Consulting Blog

Appraisals & Reconsiderations of Value (ROV)

Back in July 2024, Interagency Guidance was issued on “Reconsiderations of Value of Residential...

Trafficking & Shell Companies

The term “shell company” generally refers to an entity without a physical presence in any country...

Mortgage Loan Error Resolution

Regulation Z requires loan servicers to comply with specific error resolution procedures for...

CTR Errors

During our June AML/CFT Membership Group meeting, Kevin went over some common errors associated...

Human Trafficking & Smuggling: A National Priority

The Anti-Money Laundering Act of 2020 required FinCEN to establish government-wide priorities for...

Regulation E: Change in Terms

If an institution changes any term or condition required to be disclosed under §1005.7(b) that...

Regulation B's Appraisal Requirements: Coverage

When it comes to Regulation B’s, “Rules on providing appraisals and other valuations” (§1002.14),...

Regulation P: Sharing Is Not Wrong

Regulation P …governs the treatment of nonpublic personal information about consumers by the...

CTRs: Aggregating Transactions for Entities with Common Ownership

Do institutions need to aggregate cash transactions for entities under common ownership? This is a...

FinCEN Encourages 314(b) Sharing

On June 12th, FinCEN issued updated guidance …to clarify how financial institutions can share...