Banker's Compliance Consulting Blog
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CIP Is Just the Beginning
By Kevin Edwards
| Dec 18, 2023
Your Customer Identification Program (CIP) is about knowing your customer. It’s designed to help...
Regulation CC Exception Hold Reasons
By Kevin Edwards
| Dec 15, 2023
Regulation CC specifies when a financial institution must make the funds from a deposited item...
The Mortgage Life Cycle: Closing Disclosure Accuracy
By Jerod Moyer
| Dec 15, 2023
One area of confusion that we see with the TRID Rule has to do with the accuracy of the information...
Escrow Accounts: Loan Payoffs & Loan Payoff Statements
By Jerod Moyer
| Dec 15, 2023
If your financial institution requires escrow accounts subject to §1024.17 of RESPA, you know that...
Advertising & The Fair Housing Act
By David Dickinson
| Dec 15, 2023
The Fair Housing Act prohibits discrimination in a financial institution’s advertising....
TRID: Pre-Disclosure Restrictions
By Jerod Moyer
| Dec 15, 2023
The TRID requirements found in Regulation Z state that once a lender has received six specific...
Section 1071 Firewall Requirement
By Jerod Moyer
| Dec 14, 2023
One of the more potentially challenging aspects of the Section 1071 data collection and reporting...
Customer Due Diligence & Virtual Currency
By Kevin Edwards
| Dec 14, 2023
When it comes to crypto and/or other types of virtual currencies, what do financial institutions...
The Mortgage Life Cycle: Higher-Priced Mortgage Loans
By Jerod Moyer
| Dec 14, 2023
From the time you receive a mortgage loan application (sometimes even before) to when that loan is...