Bankers Blog
We don't just find the problems, we give you solutions.Simply register here to receive the latest banking compliance updates from our experts.
Compliance Management OnDemand
A couple of weeks ago, we wrapped up our six-part webinar series on Compliance Management. During the six, hour-long sessions, we tackled topics such as the roles of the Board, Senior Management, and Compliance Officer in your Compliance Management System (CMS),...
CFPB Releases HMDA FIG for 2021
The CFPB has released a Filing Instructions Guide (FIG) for HMDA data collected in 2021. Looking to 2021 already may be a bit overwhelming, but the good news here is that there aren’t any real significant changes for collecting and reporting data in 2021. There...
BSA Board Training
Can you believe it’s already September? Over half the year has passed, and most likely, a lot of that time has been spent working remotely and in virtual meetings. Given all of the time and effort dedicated to managing through COVID-19 and this “new normal”, we want...
CFPB Proposes New QM Definition
The CFPB has released a proposed rule that would create a new Qualified Mortgage (QM) category for first-lien, fixed-rate loans meeting certain “performance requirements” over a 36-month timeframe while held “in-house”. These “seasoned QMs” would need to have...
Deposit Operations Overview
Regulation E is one of those deposit regulations that we consistently see a lot of errors. There are a lot of timing requirements, liability calculations, etc. to wrap your brain around. One of those is the provisional credit requirement.
Aug. 2020 Lending Update
The Federal Reserve recently released Exam Procedures under The CARES Act. There are three sections, or modules: 1) Credit Reporting; 2) Mortgage Servicing (Single-Family Properties); and, 3) Mortgage Servicing (Multifamily Properties). Each section gives an overview of the coverage, key requirements and covered period. Even if you’re not regulated by the Federal Reserve, this is a good summary of key requirements.
Virtual Compliance Conferences
By now you’ve probably heard our Fall Compliance Conferences are going VIRTUAL! We are so excited to bring this valuable compliance training directly to you and that it allows us to reach new audiences! We know that your Team is spread out at various locations...
CIP and Expired Driver’s License during COVID
Due to the COVID-19 pandemic and the fact that many government offices were closed, most states implemented emergency proclamations allowing a grace period for renewing driver’s licenses that expired after March 13, 2020. Not all drivers are eligible to renew...
FinCEN Advisory on Cybercrimes
It’s no secret that cybercriminals are taking advantage of the COVID-19 pandemic to commit crimes against financial institutions and their customers. On July 30, 2020, FinCEN issued an Advisory on Cybercrime and Cyber-Enabled Crime Exploiting the COVID-19 Pandemic. Cybercrime has been rampant during the pandemic and this latest release alerts financial institutions to a new list of red flags to look for that could indicate cybercrime and cyber-enabled crime. The Advisory also has interesting descriptions of the scams being encountered and requests that financial institutions reference it specifically when filing related Suspicious Activity Reports (SAR).
Flood Insurance Insurable Value
Be sure to JOIN US on August 18, 2020, for our webinar, “Flood Insurance & the Insurable Value Intersection”. When we’re talking about determining/calculating the value of a property or collateral, there are a lot of things on the table. There’s market...