Banker's Compliance Consulting Blog

BSA/AML Manual Updates

On August 2, 2023, the FFIEC released updates to its Bank Secrecy Act/Anti-Money Laundering...

Flood Insurance: Wet vs. Dry Funding

Are you familiar with the terms “wet funding” and “dry funding” as it relates to flood insurance?...

A Snapshot of the CFPB’s Small Business Lending FAQs

As we mentioned in the July edition of Banking on BCC, the CFPB released Frequently Asked Questions...

Drug Trafficking Red Flags

When it comes to identifying potentially suspicious and/or illegal activity such as drug...

Payment App Fraud: Who’s Responsible?

As technology has continued to develop, digital payment methods have become more and more...

Mortgage Servicing: Successors in Interest

The events that create a “successor in interest” are usually not happy ones. A successor in...

Court Order Impacts 1071 Rule

On July 31st, a U.S. District Court in Texas ordered a stay to the 1071 compliance dates for...

Disclosing Inspection Fees, Waivers, etc. for Construction Loans

Disclosing construction loans within the TRID guidelines can be a challenge. There are a lot of...

FATF Updates

The Financial Action Task Force (FATF) recently updated its lists of jurisdictions with strategic...

1071 Procedures for Applicant-Provided Data

As you begin to think through your procedures for complying with Section 1071, you will obviously...