Banker's Compliance Consulting Blog

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...

FCRA & Adverse Action

When it comes to taking adverse action, the first thing that usually comes to mind are the...

Consumer Report Fraud Alerts

When it comes to fraud alerts on credit reports, financial institutions want to ensure they not...

Mortgage Servicing: Early Intervention Requirements

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

On June 28, the Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to update Bank...

Regulation CC Changes

It’s nice that our banking regulations typically follow a similar format. For example, the first of...