Banker's Compliance Consulting Blog

What is Section 1033?

If you haven’t started looking into the CFPB’s Proposal for implementing Section 1033 of the...

The Importance of Identifying Beneficial Owners

If you are a customer service representative responsible for opening new accounts, you are probably...

Truth in Savings Act Change in Terms

The Truth in Savings Act (Regulation DD) is all about getting information in the hands of consumers...

The Mortgage Life Cycle: Seller’s Closing Disclosure

When it comes to the life cycle of a mortgage loan transaction, there are very few instances where...

Update on Beneficial Owners

There has been a lot of regulatory activity surrounding beneficial owners the last several months....

Fair & Open Banking (Section 1033) Proposal

In October 2023, the CFPB issued a proposal to implement Section 1033 of the Consumer Financial...

What Commercial Lenders Need to Know About Guarantees

Guarantees are an important part of the commercial lending function. They help with financial...

Virtual Currency Risks

Crypto and/or other virtual currencies are inherently higher risk because they provide anonymity,...

CIP Is Just the Beginning

Your Customer Identification Program (CIP) is about knowing your customer. It’s designed to help...

Regulation CC Exception Hold Reasons

Regulation CC specifies when a financial institution must make the funds from a deposited item...