Banker's Compliance Consulting Blog

CFPB Seeks to Stop Illegal Kickback Scheme

On December 23, 2024, the CFPB filed suit against Rocket Homes, The Jason Mitchell Group, 45 of its...

Customer Due Diligence: What to Look For

Customer due diligence is all about knowing your customers. You want to gather enough information...

Zelle & Cash App Criticized by CFPB

In case you missed it, Cash App and Zelle have been in the CFPB’s crosshairs recently. First, the...

Voluntary Escrow Accounts

1024.17 of RESPA outlines the rules institutions must follow when establishing and administering...

Commercial Lenders: Fair Lending Hot Spots

It’s no secret that the regulatory compliance requirements for commercial loans are far less than...

Section 1071: Collecting Sex/Gender

When it comes to collecting demographic information under Section 1071, things may look a little...

Crypto/Virtual Currency Risks

Chances are you have customers involved with crypto and/or virtual currency. Whether they are just...

Exception Holds for Redeposited Items

Regulation CC outlines when institutions can delay deposited funds using an exception hold. These...

Mortgage Life Cycle: Escrows & Loan Payoffs

One area that we will touch on is escrow accounts, specifically escrow account payoff statements. ...

BSA/AML/CFT Happenings

Did you miss our “BSA/AML/CFT New Year Update” webinar a few weeks ago? It was full of great...