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Section 1071 Applications
By Diane Dean
| Jul 11, 2023
Under the Section 1071 Rule, covered institutions will need to collect and report data on any...
CFPB Cracks Down on Chatbots
By Diane Dean
| Jun 30, 2023
The CFPB recently issued an “issue spotlight” to address concerns with the use of “chatbots”. It...
Monitoring vs. Auditing
By David Dickinson
| Jun 30, 2023
There are many components to an effective Compliance Management System (CMS). These include risk...
Privacy: Common Misconceptions
By Kevin Edwards
| Jun 30, 2023
The Privacy rule generally prohibits the sharing of a consumer’s non-public personal information....
CTRs: General Instructions
By Kevin Edwards
| Jun 30, 2023
Currency Transaction Reports (CTRs) play a crucial role in preventing financial crime, and banks...
Fair Lending: What is Redlining?
By Jerod Moyer
| Jun 30, 2023
If you’ve ever been in discussions or training regarding fair lending, you may have heard the term...
Russian Evasion Attempts Continue
By Amy Kudlacek
| Jun 23, 2023
In case you missed it, FinCEN issued an updated alert regarding continued vigilance for Russian...
Overdrafts & Discrimination
By Jerod Moyer
| Jun 23, 2023
Overdrafts are often thought of as a deposit compliance issue, but the fact is they are considered...
Quality Control Standards for Automated Valuation Models
By Amy Kudlacek
| Jun 22, 2023
The OCC, Federal Reserve, FDIC, NCUA, CFPB, and Federal Housing Finance Agency have issued a...