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BSA for Lenders: Risk Assessment
By Kevin Edwards
| Mar 12, 2024
One of the key components of a BSA/AML program is the risk assessment. Every financial institution...
HMDA Loan Purpose
By David Dickinson
| Mar 12, 2024
The HMDA rules require a financial institution to report dwelling-secured applications for the...
District Court Finds Corporate Transparency Act to be Unconstitutional
By Kevin Edwards
| Mar 12, 2024
If you subscribe to our magazine,Banking on BCC, we’ve written a lot about the Anti-Money...
FDIC Advertising Updates
By David Dickinson
| Mar 08, 2024
In case you missed it, the FDIC released a Final Rule to update its advertising requirements which...
TRID: Understanding Unlimited Tolerances
By Jerod Moyer
| Mar 08, 2024
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
By Diane Dean
| Mar 08, 2024
The CFPB recently issued Consumer Financial Protection Circular 2024-01 which addresses...
CFPB Restricts Late Payment Fees Charged by Larger Credit Card Issuers
By Diane Dean
| Mar 08, 2024
On March 5th, the CFPB issued a Final Rule to address “excessive” late fees charged by larger card...
TRID: Revising the Loan Estimate
By Jerod Moyer
| Feb 20, 2024
When a valid changed circumstance occurs, it may cause the regulatory tolerances to be exceeded....
HMDA Demographic Information & Applications Not Taken In Person
By David Dickinson
| Feb 20, 2024
When an applicant submits a HMDA-reportable application, institutions are required to request...