Stay In The Know!
2016 is off to a good start and what an exciting year it’s turning out to be! We are especially excited to be able to bring you even more quality training opportunities. Our goal is to bring our...
View ArticleBCC Webinars (Feb-Mar 2016)
Be sure to check out our upcoming Webinars: • February 23, 2016 – New Small Creditor Revisions, ATR & QM Requirements • February 24, 2016 – Flood Insurance Compliance – Part 1* • March 2, 2016 –...
View ArticleDon't Take Our Word For It...
Still on the fence about whether to sign up for a Banker's Compliance Consulting Webinar? We promise you won't be disappointed, but don't take our word for it. Rather, we'll let some of our recent...
View ArticleForce Placed Flood Insurance Update
Have you ever force placed flood insurance and added the insurance premium to the existing loan balance? We wrote an article about this in our January 2016 Newsletter, entitled, “Adding Force Placed...
View ArticleTRID & Construction Loans: The Plain English Version
On March 1, 2016, the CFPB provided a one-hour presentation titled “Know Before You Owe Mortgage Disclosure Rule – Construction Lending”. First, the good news:The webinar confirmed several of our own...
View ArticleCFPB Overdraft Reform: A 2-Year Priority
We’ve been anxiously waiting to hear what the CFPB’s plan will be for overdraft reform. Well, we finally have it. The CFPB recently published their two-year priorities which states: The Bureau will...
View ArticleSmall Creditor Change Effective March 31, 2016
In our February Newsletter we alerted you to the fact that many banks could lose their Small Creditor status as of April 1, 2016. Due to a recent interim Final Rule (effective March 31, 2016);...
View Article2016 CRA Public File Update
Just a friendly reminder that your Community Reinvestment Act (CRA) public file must be updated by April 1, 2016. This includes public files kept at both the main office and each branch (if...
View Article2016 Financial Disclosure Statement Update
If your institution is FDIC or OCC regulated, you must make updates to your annual disclosure statement. This entails having year-end Call Report information for both 2015 and 2014 available to the...
View ArticleATR/QM Matrix Version 4.1
We’ve updated our ATR/QM Repayment Ability Risk & Requirements Matrix to reflect the recent change to the Service Area test that is used as part of the Small Creditor definition. Version 4.1 of...
View ArticleBCC Webinars (April-June 2016)
Need training? We've got some great webinar topics coming up! Be sure to check out the WEBINARS page on our website for more information: April 28, 2016 – Advertising Compliance May 12, 2016 –...
View ArticleCFPB Looks to Provide TRID Answers
On April 28th, the CFPB issued a letter in which it acknowledges that TRID has brought with it “operational challenges” and their plan to issue a Notice of Proposed Rulemaking in July that will...
View ArticlePrepaid Cards, Terrorists & CIP!
A recent article on ACAMS’ “MoneyLaundering.com” reported that members of the terrorist cells that killed 164 victims in attacks on Paris and Brussels used prepaid cards to purchase goods and services...
View ArticleCustomer Due Diligence & Beneficial Owner Final Rule
We’ve been waiting for it and now it’s finally here! The final rule on Customer Due Diligence requirements and Beneficial Owner information has been submitted by FinCEN and will be published in the...
View ArticleNew HMDA Coverage Test (2017 & 2018)
When the CFPB issued their HMDA Final Rule back in October 2015, they included a strange twist concerning which institutions are subject to HMDA in 2017 and 2018. First, to be subject to HMDA, you...
View ArticleOverdrafts: A Priority of the CFPB
It's no secret that overdrafts have been a hot button issue in the industry and a primary area of focus for regulators. In recent years the industry has seen a flurry of new guidance, from the OCC,...
View ArticleDon't Let TRID Trip You Up on Regulation B Adverse Action Requirements
Under the Equal Credit Opportunity Act (Regulation B,) a completed application occurs when you have enough information to make a decision. The information doesn’t necessarily have to be “verified”...
View Article2016 ABA Distinguished Service Award
We are thrilled to announce that David Dickinson, President of Banker’s Compliance Consulting, was honored this week with the American Banker’s Association’s Distinguished Service Award. This award...
View ArticleAlmost Nine Months of TRID...
Can you believe it’s been almost 9 months since the TRID rules went into effect?! We continue to receive questions almost daily regarding how to complete the Integrated Disclosures. One huge area of...
View ArticleFlood Insurance: Escrow Option Notification Deadline Approaching
For those banks that did not qualify for the small bank exemption as of January 1, 2016, you must offer borrowers the option to escrow their flood insurance premiums on any existing loan secured by...
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