Banker's Compliance Consulting Blog

FCRA / FACT Act & Direct Disputes

If your bank furnishes information to a credit reporting agency, it is your responsibility to...

Training the Board of Directors

It’s no secret that training is crucial to maintain an effective Compliance Management System...

FinCEN Alert on “Pig Butchering” Investment Scam

FinCEN recently issued FIN-2023-Alert005 to alert financial institutions about a virtual currency...

Refinances & Modifications: Flood Considerations

In most cases, new Truth in Lending disclosures are not required when you modify an existing loan....

Auditing HMDA: Action Taken Codes

If you are a HMDA-reporting bank, you know just how difficult it can be to ensure that the data you...

FCRA/FACT Act Red Flags

Financial institutions are required to have a written identity theft prevention program that is...

Elder Abuse Scams

Back in June 2022, FinCEN issued an Advisory (FIN-2022-A002) related to Elder Financial...

Fair Lending Focus in CFPB’s Supervisory Highlights

The most recent edition of the CFPB’s Supervisory Highlights (Summer 2023) included a section on...

Court Order and 1071 Impact

As you’ve likely heard, on July 31, 2023, the U.S. District Court for the Southern District of...

Construction Fraud

On August 15, 2023, FinCEN issued a Notice alerting financial institutions to increasing payroll...