Banker's Compliance Consulting Blog

Virtual Currency Risks

Crypto and/or other virtual currencies are inherently higher risk because they provide anonymity,...

CIP Is Just the Beginning

Your Customer Identification Program (CIP) is about knowing your customer. It’s designed to help...

Regulation CC Exception Hold Reasons

Regulation CC specifies when a financial institution must make the funds from a deposited item...

The Mortgage Life Cycle: Closing Disclosure Accuracy

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

If your financial institution requires escrow accounts subject to §1024.17 of RESPA, you know that...

Advertising & The Fair Housing Act

The Fair Housing Act prohibits discrimination in a financial institution’s advertising....

TRID: Pre-Disclosure Restrictions

The TRID requirements found in Regulation Z state that once a lender has received six specific...

Section 1071 Firewall Requirement

One of the more potentially challenging aspects of the Section 1071 data collection and reporting...

Customer Due Diligence & Virtual Currency

When it comes to crypto and/or other types of virtual currencies, what do financial institutions...

The Mortgage Life Cycle: Higher-Priced Mortgage Loans

From the time you receive a mortgage loan application (sometimes even before) to when that loan is...