Banker's Compliance Consulting Blog

HMDA Demographic Information & Applications Not Taken In Person

When an applicant submits a HMDA-reportable application, institutions are required to request...

FinCEN Analysis on CVC for Online Child Sexual Exploitation and Human Trafficking

On February 13, 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...

HMDA: Temporary Financing Exclusions

The HMDA requirements state that institutions should NOT report loans or lines for temporary...

Regulation E: Consumers Only

Section 1005.3(a) of Regulation E lays out what’s covered by the Rule. It specifies that Subpart A...

BSA for Tellers: The Why

Money laundering is a complex crime and is designed to hide the source of illegally obtained funds...

Truth In Savings Act: Fee Terminology Requirements

The Truth in Savings Act (Regulation DD) plays a crucial role in helping consumers make informed...

“Absorbing” Loan Costs on the Closing Disclosure

Lenders sometimes negotiate certain fees with respect to a mortgage loan application. For example,...

The Importance of Compliant Loan Estimates

A “Loan Estimate” is exactly what it sounds like. It’s an estimate of loan costs and other...

Regulation CC Delays and Overdraft Fees

When you delay the funds from a customer’s deposit beyond your normal availability schedule,...

Commercial Lenders & Documenting Joint Intent

There is still a misconception out there among some lenders that Regulation B (The Equal Credit...