Banker's Compliance Consulting Blog

Section 1071 Delay Extended Nationwide

Trying to keep up with the legal battles surrounding the CFPB and the Section 1071 Rule has been a...

The Role of the Compliance Officer: Reporting Information

We like to refer to Compliance Officers as being the “conduit of information” in a financial...

BSA for the Board: Risk Assessments

When it comes to BSA compliance, we like to say your risk assessment is your sword and shield....

RESPA Section 8: Paying for Settlement Services

Section 8 of RESPA states you cannot pay or receive a fee or thing of value in return for referring...

HMDA: Converted & Transitory Dwellings

When it comes to HMDA, not everything is black and white. There can be gray areas and you need to...

FinCEN Alert on Hamas Financing

FinCEN released an Alert (FIN-2023-Alert006) to help financial institutions recognize and identify...

Section 1033 Proposal Issued

The CFPB has issued a proposal to implement Section 1033 of the Consumer Financial Protection Act...

SAFE Act: Initial Registration

The SAFE Act requires Mortgage Loan Originators (MLOs) to be licensed and registered. The...

CFPB Junk Fee Initiative

We talked about it before…the CFPB does not like what they consider to be “junk fees.” In fact, the...

TRID Changed Circumstances & Section C

On the Loan Estimate, Section C, “Services You Can Shop For,” has a 10% tolerance level (assuming a...