Banker's Compliance Consulting Blog

Drug Trafficking Red Flags

In early 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...

2024 Overdraft Proposal

In case you missed it, the CFPB issued a Proposal back in January regarding overdrafts. The...

Section 1071 Denial Reasons VS. Regulation B Denial Reasons

While the 1071 requirements are part of Regulation B, not everything lines up perfectly. For...

The 1071 & HMDA Intersection

If you had a chance to review the “Section 1071 Small Business Lending Application Coverage...

FFIEC Publishes 2023 HMDA Data

The FFIEC has announced the availability of 2023 HMDA data which includes data from over 10 million...

Regulation E: Frequently Cited Violations

Regulation E’s error resolution requirements are typically a hot bed for finding violations. Thus,...

FinCEN Proposal to Strengthen and Modernize AML/CFT Programs

On June 28, the Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to update Bank...

Section 1071 Coverage Flowchart

When it comes to Regulation B’s Section 1071 Rule (1071), knowing whether an application is...

FinCEN Advisory on Fentanyl and Other Synthetic Opioids

FinCEN recently issued a Supplemental Advisory on the Procurement of Precursor Chemicals and...

Regulation CC Changes

It’s nice that our banking regulations typically follow a similar format. For example, the first of...