Banker's Compliance Consulting Blog

BSA for Lenders: Risk Assessment

One of the key components of a BSA/AML program is the risk assessment. Every financial institution...

HMDA Loan Purpose

The HMDA rules require a financial institution to report dwelling-secured applications for the...

District Court Finds Corporate Transparency Act to be Unconstitutional

If you subscribe to our magazine,Banking on BCC, we’ve written a lot about the Anti-Money...

FDIC Advertising Updates

In case you missed it, the FDIC released a Final Rule to update its advertising requirements which...

TRID: Understanding Unlimited Tolerances

When it comes to TRID, an estimated closing cost is generally considered to be “in good faith” if...

CFPB Issues Circular on UDAAP Risks with Digital Comparison-Shopping Tools

The CFPB recently issued Consumer Financial Protection Circular 2024-01 which addresses...

CFPB Restricts Late Payment Fees Charged by Larger Credit Card Issuers

On March 5th, the CFPB issued a Final Rule to address “excessive” late fees charged by larger card...

TRID: Revising the Loan Estimate

When a valid changed circumstance occurs, it may cause the regulatory tolerances to be exceeded....

HMDA Demographic Information & Applications Not Taken In Person

When an applicant submits a HMDA-reportable application, institutions are required to request...

FinCEN Analysis on CVC for Online Child Sexual Exploitation and Human Trafficking

On February 13, 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...