Banker's Compliance Consulting Blog

One-Time Debit & ATM Opt-In

Regulation E states, a financial institution holding a consumer’s account shall not assess a fee or...

When Do You Have An Application?

Regulation B defines an application as an oral or written request for an extension of credit that...

Relying on Previous Flood Determinations

One question we get quite often is, “can we rely on a prior flood determination”? In short, the...

Reporting “Action Taken” for HMDA

While the Action Taken data field may seem pretty straightforward on the surface, it’s actually one...

HMDA Question: Collecting Demographic Information

We received the following HMDA question recently. It’s one we get asked a lot, so we thought we...

Attention Secondary Market Lenders!

If you sell loans on the secondary market, there was a development last week you will want to be...

HMDA Small Filer

If your institution is subject to HMDA, and you made between 100 and 500 closed-end loans in each...

Flexibility Rescinded & Warning Shots Fired: Are You Prepared?

We recently alerted you to the fact that the CFPB rescinded several temporary policy statements...

CFPB Proposes Mortgage Servicing Changes and FDCPA Delay

The CFPB is continuing their efforts to minimize the number of foreclosures resulting from the...

Private Flood Insurance Q&As

On March 11, 2021, the Agencies announced new proposed guidance related to flood insurance in the...