Banker's Compliance Consulting Blog

Understanding the “Why” of Regulation B

The purpose of the Equal Credit Opportunity Act (Regulation B) is just as it sounds…equal credit...

Regulation B: What is Adverse Action?

Regulation B defines the term “adverse action” in §1002.2(c), which states it’s:

The Importance of BSA/AML/CFT Training

One of the pillars of a BSA Program is training.The FFIEC’s BSA/AML Examination Manual states that …

Regulation B Final Rule Addresses Disparate Impact

The CFPB’s Final Rule amending Regulation B related to disparate impact will do the following:

Section 1071: Requesting & Collecting Data

The Section 1071 requirements will, in short, require institutions to collect and report certain...

Suspicious Activity Reports: Board Notification

An institution’s Board of Directors is tasked with providing management an oversight of an...

Suspicious Activity Reports & Continuing Activity

The requirement to file continuing activity SARs has been a very confusing issue which has led to...

What's a Marijuana-Related Business?

Choosing whether or not to bank marijuana-related businesses, is a decision to be made by a...

"One Click Away" Advertising Disclosures

Social media and other forms of electronic advertising are being used by financial institutions...

CFPB Issues Strategic Plan

The CFPB recently issued its Strategic Plan (Plan) through fiscal year 2030.The Plan outlined three...