Banker's Compliance Consulting Blog

BSA for Tellers: The Why

Money laundering is a complex crime and is designed to hide the source of illegally obtained funds...

Truth In Savings Act: Fee Terminology Requirements

The Truth in Savings Act (Regulation DD) plays a crucial role in helping consumers make informed...

“Absorbing” Loan Costs on the Closing Disclosure

Lenders sometimes negotiate certain fees with respect to a mortgage loan application. For example,...

The Importance of Compliant Loan Estimates

A “Loan Estimate” is exactly what it sounds like. It’s an estimate of loan costs and other...

Regulation CC Delays and Overdraft Fees

When you delay the funds from a customer’s deposit beyond your normal availability schedule,...

Commercial Lenders & Documenting Joint Intent

There is still a misconception out there among some lenders that Regulation B (The Equal Credit...

HMDA: Business Purpose Home Equity Exclusion

HMDA-reporting financial institutions are required to collect and report specific information...

Escrow Account Short-Year Statements

Escrow accounts are based on a 12-month period referred to as the escrow account computation year....

FinCEN Proposal for Residential Real Estate “Closers”

Last week, you may have seen that FinCEN proposed a new rule related to residential real estate...

Overdraft Proposal for Very Large Financial Institutions

On January 17th the CFPB issued a Proposal that is intended to rein in excessive overdraft fees....