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BSA for the Board: Risk Assessments
By Kevin Edwards
| Nov 06, 2023
When it comes to BSA compliance, we like to say your risk assessment is your sword and shield....
RESPA Section 8: Paying for Settlement Services
By Kevin Edwards
| Nov 06, 2023
Section 8 of RESPA states you cannot pay or receive a fee or thing of value in return for referring...
FCRA / FACT Act & Direct Disputes
By Kevin Edwards
| Sep 29, 2023
If your bank furnishes information to a credit reporting agency, it is your responsibility to...
Refinances & Modifications: Flood Considerations
By Kevin Edwards
| Sep 22, 2023
In most cases, new Truth in Lending disclosures are not required when you modify an existing loan....
FCRA/FACT Act Red Flags
By Kevin Edwards
| Aug 28, 2023
Financial institutions are required to have a written identity theft prevention program that is...
Elder Abuse Scams
By Kevin Edwards
| Aug 28, 2023
Back in June 2022, FinCEN issued an Advisory (FIN-2022-A002) related to Elder Financial...
Construction Fraud
By Kevin Edwards
| Aug 24, 2023
On August 15, 2023, FinCEN issued a Notice alerting financial institutions to increasing payroll...
Refinances & Modifications: Regulation B Considerations
By Kevin Edwards
| Aug 24, 2023
If you have a “refinance”, as defined by Regulation Z (Truth in Lending) in 12 CFR 1026.20(a), you...
Drug Trafficking Red Flags
By Kevin Edwards
| Aug 08, 2023
When it comes to identifying potentially suspicious and/or illegal activity such as drug...