Banker's Compliance Consulting Blog

Regulation E: Frequently Cited Violations

Regulation E’s error resolution requirements are typically a hot bed for finding violations. Thus,...

FinCEN Proposal to Strengthen and Modernize AML/CFT Programs

On June 28, the Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to update Bank...

Section 1071 Coverage Flowchart

When it comes to Regulation B’s Section 1071 Rule (1071), knowing whether an application is...

FinCEN Advisory on Fentanyl and Other Synthetic Opioids

FinCEN recently issued a Supplemental Advisory on the Procurement of Precursor Chemicals and...

Regulation CC Changes

It’s nice that our banking regulations typically follow a similar format. For example, the first of...

CFPB Issues Final Rule on Automated Valuation Models (AVMs)

On June 24th the CFPB, Federal Reserve, NCUA, OCC and the Federal Housing Finance Agency issued a ...

Privacy: Sharing with Affiliates

The Privacy Rule (Regulation P) governs your ability to share a consumer’s nonpublic personal...

Currency Transaction Report Critical Fields

Currency Transaction Reports (CTRs) take a lot of time, effort, and energy. Not only do you need to...

Overdrafts: A Changing Landscape

Back in March, Acting Comptroller Michael J. Hsu made remarks at a Consumer Bankers Association ...

CFPB Issues Circular on Unlawful/Unenforceable Contract Terms

The CFPB issued a Circular warning that the use of “unlawful or unenforceable terms and conditions”...