Banker's Compliance Consulting Blog

Revising the Loan Estimate

Tolerances can only be reset when there is a valid changed circumstance. This does not mean;...

Section 1071 Bank Coverage

In case you missed it, on March 30, 2023, the CFPB issued its Final Rule for Small Business Lending...

Inquiry vs. Application

Do you know the difference between an inquiry and an application? Many lenders think they...

HMDA Action Taken: File Closed for Incompleteness

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken.” In other...

Flood Insurance: Determining Insurable Value

When determining the amount of flood insurance necessary for a building located in a Special Flood...

The Rate Set Date

There are several regulatory requirements found in Regulation Z that rely on a rate spread...

TRID & the Good Faith Standard

It is crucial that lenders understand the Good Faith Standard related to TRID disclosures (Loan...

RESPA’s Section 8 Prohibitions

A recent Advisory Opinion related to RESPA’s Section 8 prohibitions was released by the CFPB in...

HMDA for Large Filers: Filing Instruction Guide

Whether you are a large or small filer for HMDA, you should be familiar with the CFPB’s Filing...

FinCEN Provides Beneficial Owner Resources for Reporters

As promised, FinCEN has released a number of resources aimed at helping businesses understand their...