Banker's Compliance Consulting Blog

Section 1071 Applications

Under the Section 1071 Rule, covered institutions will need to collect and report data on any...

CFPB Cracks Down on Chatbots

The CFPB recently issued an “issue spotlight” to address concerns with the use of “chatbots”. It...

Monitoring vs. Auditing

There are many components to an effective Compliance Management System (CMS). These include risk...

Privacy: Common Misconceptions

The Privacy rule generally prohibits the sharing of a consumer’s non-public personal information....

CTRs: General Instructions

Currency Transaction Reports (CTRs) play a crucial role in preventing financial crime, and banks...

Fair Lending: What is Redlining?

If you’ve ever been in discussions or training regarding fair lending, you may have heard the term...

Russian Evasion Attempts Continue

In case you missed it, FinCEN issued an updated alert regarding continued vigilance for Russian...

Overdrafts & Discrimination

Overdrafts are often thought of as a deposit compliance issue, but the fact is they are considered...

Quality Control Standards for Automated Valuation Models

The OCC, Federal Reserve, FDIC, NCUA, CFPB, and Federal Housing Finance Agency have issued a...

Regulation B: Providing a Copy of an Appraisal

The Regulation B appraisal requirements apply to any loan application (business or consumer...