Banker's Compliance Consulting Blog

Escrow Closing Notice

When an escrow account is canceled during the term of a loan, the Truth in Lending Act generally...

Customer Due Diligence/Beneficial Owners: Updating Customer Information

The Customer Due Diligence (CDD) and Beneficial Owner (BO) requirements are not a one and done. In...

FDIC Updates Signs and Advertising Q & As

On December 2, 2024, the FDIC released additional Q & As related to the Official Signs &...

Section 1071: Application Method

When it comes to reporting Section 1071 data, a financial institution must indicate whether a...

Section 1071: Collecting Demographic Information

For applications subject to Section 1071, financial institutions must request the ethnicity, race...

Lending Discrimination: Legal vs. Illegal

Lenders discriminate every day. They might turn down a loan because the loan to value is too high...

2025 FREE Lending Compliance Q & A Coming Soon!

Be sure to JOIN US on January 15, 2025, for our “FREE Lending Compliance Q & A Forum”.

Crypto/Virtual Currency: Pros & Cons

When it comes to crypto and/or virtual currency, there are pros and cons. One pro is that users can...

HMDA: Common Data Field Errors – Part 2

HMDA compliance is tough! With all the data you are required to collect and report, there are bound...

Corporate Transparency Act Update: Legal Rollercoaster for Banks

For bank compliance professionals, staying up to date on the Corporate Transparency Act (CTA) has...