Banker's Compliance Consulting Blog

CFPB Spring 2024 Regulatory Agenda

Updates to the regulatory agenda for the CFPB were recently released. Below is a glimpse into what...

Mortgage Servicing: Early Intervention Requirements

Regulation Z requires that servicers of mortgage loans that are secured by a borrower’s primary...

FinCEN’s Year in Review

FinCEN recently released its “Year in Review” for its 2023 fiscal year. Much of it focused on the...

Section 1071 Principal Owners VS. BSA/AML Beneficial Owners

Another wrinkle with the Section 1071 Rule that institutions need to be aware of involves the...

July Highlights

If you missed our July 2024 Monthly Connection, there was some great information provided on a...

FDIC Advertising Q & As

Back in December, the FDIC issued a Final Rule to amend Part 328 which addresses FDIC Official...

TRID: Construction Loan APRs

Calculating the Annual Percentage Rate on a construction loan can be a little tricky as there are...

Drug Trafficking Red Flags

In early 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...

2024 Overdraft Proposal

In case you missed it, the CFPB issued a Proposal back in January regarding overdrafts. The...

Section 1071 Denial Reasons VS. Regulation B Denial Reasons

While the 1071 requirements are part of Regulation B, not everything lines up perfectly. For...