Banker's Compliance Consulting Blog

FinCEN Alert News

In mid-December, FinCEN issued an Alert to bring awareness to “Fraud Schemes Abusing FinCEN’s Name,...

Stay of 1071 Compliance Dates for ABA, ICBA Banks

The United States Court of Appeals for the Fifth Circuit has granted a stay on Section 1071’s...

HMDA Purpose

If you are a HMDA reporting institution, knowing which applications are covered is the cornerstone...

BSA/AML/CFT Risk Assessment

Risk assessments are more than just a box to check off on your compliance “to do” list, they are...

Flood Risk in the Mortgage Market

On January 13, 2025, the CFPB put out a report entitled, Flood Risk and the U.S. Mortgage Market...

CFPB Seeks to Stop Illegal Kickback Scheme

On December 23, 2024, the CFPB filed suit against Rocket Homes, The Jason Mitchell Group, 45 of its...

Customer Due Diligence: What to Look For

Customer due diligence is all about knowing your customers. You want to gather enough information...

Zelle & Cash App Criticized by CFPB

In case you missed it, Cash App and Zelle have been in the CFPB’s crosshairs recently. First, the...

Voluntary Escrow Accounts

1024.17 of RESPA outlines the rules institutions must follow when establishing and administering...

Commercial Lenders: Fair Lending Hot Spots

It’s no secret that the regulatory compliance requirements for commercial loans are far less than...