Banker's Compliance Consulting Blog

Top Violations: Application Date

There really isn’t a regulatory requirement to document the application date within your loan file....

Join the AML/CFT Membership Group!

Due to the overwhelming success of our 1071 Thought Leadership, Implementation & Planning Group, we...

Congress Mandates Monthly Installments for Flood Insurance

FEMA recently issued a Final Rule that will give National Flood Insurance Program (NFIP)...

Board BSA/AML Training: Understanding the Why

You’ve likely heard us talk about the importance of implementing training that is appropriate to a...

RESPA Section 8: Thing of Value

Section 8 of RESPA prohibits the payment and/or receipt of a fee or thing of value in return for...

FinCEN Order on PM2BTC.

FinCEN recently issued an Order that prohibits the sending and/or receiving of funds either to or...

FinCEN Analysis on Mail Theft-Related Check Fraud

Back in February 2023, FinCEN issued an Alert to bring awareness to an increase in mail...

Refinance vs Renewal

It’s not uncommon for us to see lenders using terms such as refinance, renewal, extension,...

Furnishers of Information

If a financial institution furnishes information about consumers to a credit reporting agency, the...

Regulation Z: Closed-End Mortgage Loan Payments

If you service consumer-purpose, closed-end loans secured by a borrower’s primary residence, there...