Banker's Compliance Consulting Blog

Fair Lending & the Board of Directors

It’s the Board of Director’s job to oversee a financial institution’s compliance management...

Refinances, Renewals, Modifications: Understanding the Terms

It’s not uncommon for institutions to use the terms refinance, modification, extension, and renewal...

Financial Trend Analysis on Human Smuggling

FinCEN recently issued a Financial Trend Analysis (Analysis) on human smuggling that focused on...

Deposit Account Denials

When an applicant is denied a loan, both Regulation B (Equal Credit Opportunity Act) and the Fair...

Fair Lending & Loan Servicing

Under the fair lending requirements, illegal discrimination is prohibited at any point in time with...

Section 1071 Firewall: Restricted Data

The Section 1071 Rule requires financial institutions to collect and report certain data for...

Address Changes for Debit/Credit Cards

The FACT Act brought about a lot of requirements intended to help prevent identity theft.One such...

FinCEN Issues BOI Final Rule

On August 11th, FinCEN issued a Final Rule that permanently ended the requirements for U.S....

Construction Holdbacks in Section K of the Closing Disclosure

The third page of the Closing Disclosure provides a summary of the borrower’s loan transaction in...

FinCEN Alert on Federal Student Aid Fraud

On July 24th, FinCEN issued an Alert on “Fraud Schemes Targeting Federal Student Aid” (...