Banker's Compliance Consulting Blog

Fair & Open Banking (Section 1033) Proposal

In October 2023, the CFPB issued a proposal to implement Section 1033 of the Consumer Financial...

What Commercial Lenders Need to Know About Guarantees

Guarantees are an important part of the commercial lending function. They help with financial...

Virtual Currency Risks

Crypto and/or other virtual currencies are inherently higher risk because they provide anonymity,...

CIP Is Just the Beginning

Your Customer Identification Program (CIP) is about knowing your customer. It’s designed to help...

Regulation CC Exception Hold Reasons

Regulation CC specifies when a financial institution must make the funds from a deposited item...

The Mortgage Life Cycle: Closing Disclosure Accuracy

One area of confusion that we see with the TRID Rule has to do with the accuracy of the information...

Escrow Accounts: Loan Payoffs & Loan Payoff Statements

If your financial institution requires escrow accounts subject to §1024.17 of RESPA, you know that...

Advertising & The Fair Housing Act

The Fair Housing Act prohibits discrimination in a financial institution’s advertising....

TRID: Pre-Disclosure Restrictions

The TRID requirements found in Regulation Z state that once a lender has received six specific...

Section 1071 Firewall Requirement

One of the more potentially challenging aspects of the Section 1071 data collection and reporting...