New Classification For Compliance Violations
On September 25, 2012, the FDIC issued FIL-41-2012 about revising the classification system for citing violations identified during compliance examinations. The purpose of this revision is to help...
View ArticleStandard Flood Determination Form Questions Answered
On June 18, 2012, we wrote a blog about a new SFHDF. We also pointed out there were no new instructions about fields that had changed or the effective date of the new form. The confusion included...
View ArticleE-Filing
Out with the old and in with the new. This seems to be a recurring theme in today’s regulatory environment. Even the BSA/AML reporting requirements are no stranger to change. Case in point,...
View ArticleArmored Car Cash Delivery - When to Report Driver Information
With the new Currency Transaction Reports (CTR) forms effective March 31, 2013, now may be a good time to review the reporting requirements for cash deposits, which exceed $10,000, delivered by an...
View ArticleHappy Thanksgiving from the CFPB!
What a way to start off the Thanksgiving week! The CFPB is delaying the combined mortgage disclosure requirements under Truth in Lending and the Real Estate Settlement Procedures Act that would have...
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BCC Welcomes Diane Dean
Banker’s Compliance Consulting is excited to announce the addition of Diane Dean to our Team! Diane joins Banker’s Compliance Consulting with over 10 years of compliance experience and has over 15...
View ArticleThe Job of a Compliance Officer - One of the Best
If you know me or have been around me much lately you’d know that I am trying to throw as much positive energy into the world of compliance as I possibly can. There are too many compliance...
View ArticleFDIC Guidance On Expiring Insurance Coverage
Heads up! The unlimited deposit insurance coverage for noninterest-bearing transaction accounts (NIBTAs), including Interest on Lawyer Trust Accounts, will be expiring on December 31, 2012. On...
View ArticleCFPB Delay's Remittance Transfer Rule
Yesterday, the CFPB announced they are delaying the effective date of the Regulation E Remittance Transfer Rule. This rule was set to take effect on February 7, 2013. The CFPB is also proposing some...
View ArticleSAFE Act - Annual Renewal Period
Just a friendly reminder the SAFE Act renewal period ends December 31, 2012. This means all banks and its Mortgage Loan Originators (MLOs) must renew their registration during the annual renewal...
View ArticleFDIC Insurance NOT Extended
In our November 21, 2012, blog, we alerted you to the fact that the unlimited deposit insurance coverage for non-interest bearing transaction accounts, including Interest on Lawyer Trust Accounts, is...
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New Search Feature
You’ve spoken and we’ve listened. We are happy to announce the addition of a search feature for our Blog. The search feature allows you to search for a particular topic based on key words or...
View ArticleRisk Based Pricing Notice & Credit Score Information Disclosure Update
In case you forgot, effective January 1, 2013, both the Risk Based Pricing Notice (RBPN) and Credit Score Disclosure (CSD) are required to reference the CFPB instead of the Federal Reserve....
View Article2013 CRA Threshold Updated
January 1st is a day when a lot of changes become effective in the compliance world. New year, new rules. The regulatory agencies recently announced the asset-size thresholds for CRA was adjusted...
View ArticleRegulations Z & M Thresholds Updated for 2013
Editor's Note: The email sent announcing this blog omitted a VERY important sentence regarding the Reg Z & M threshold change. Please see the last sentence.The threshold to exempt consumer...
View Article2013 HOEPA Worksheet Updated
Effective January 1, 2013, the fee based trigger amount used to calculate whether a loan is subject to §1026.32 (aka “HOEPA”) was increased to $625. This is up from the 2012 trigger amount of $611....
View ArticleIt's Official! Reg E's ATM Signage Requirement Eliminated
You may recall our previous blogs (5/18/11, 5/9/12 & 5/31/12) regarding the ATM signage requirements under Regulation E and the potential litigation threat to banks. We are happy to report the...
View ArticleCivil Money Penalty Waves
Please, please, please make sure your bank is dotting i’s and crossing t’s when it comes to flood insurance requirements/compliance. Increased maximum civil money penalties for non-compliance with...
View ArticleCivil Money Penalty Waves (Update)
In yesterday’s blog regarding the increased maximum civil money penalties for flood insurance non-compliance, we forgot to mention the FDIC has also publically announced this. You can read more at:...
View ArticleReading the CFPB Tea Leaves
January 21st is quickly approaching and so far we haven’t had any Dodd Frank Act related final rules issued by the Consumer Financial Protection Bureau (CFPB). So what are they doing? Well, lots of...
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