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FinCEN’s Year in Review
By Amy Kudlacek
| Jul 26, 2024
FinCEN recently released its “Year in Review” for its 2023 fiscal year. Much of it focused on the...
Section 1071 Principal Owners VS. BSA/AML Beneficial Owners
By Jerod Moyer
| Jul 26, 2024
Another wrinkle with the Section 1071 Rule that institutions need to be aware of involves the...
July Highlights
By Andy Zavoina
| Jul 25, 2024
If you missed our July 2024 Monthly Connection, there was some great information provided on a...
FDIC Advertising Q & As
By Amy Kudlacek
| Jul 24, 2024
Back in December, the FDIC issued a Final Rule to amend Part 328 which addresses FDIC Official...
TRID: Construction Loan APRs
By Jerod Moyer
| Jul 19, 2024
Calculating the Annual Percentage Rate on a construction loan can be a little tricky as there are...
Drug Trafficking Red Flags
By Amy Kudlacek
| Jul 19, 2024
In early 2024, FinCEN released a Financial Trend Analysis on the Use of Convertible Virtual...
2024 Overdraft Proposal
By Jerod Moyer
| Jul 19, 2024
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
By Jerod Moyer
| Jul 19, 2024
While the 1071 requirements are part of Regulation B, not everything lines up perfectly. For...
The 1071 & HMDA Intersection
By Jerod Moyer
| Jul 17, 2024
If you had a chance to review the “Section 1071 Small Business Lending Application Coverage...