While compliance in advertising is not a new concept, it is critical that your financial institution integrates the new FDIC rule and CFPB exam manual updates into your materials and process. In this Compliance “Quick Bite”, Rhonda Coggins,…

In this “Quick Bite”, Edward Milhorn, Compliance Consulting Director, provides an overview of our Compliance Consulting Services and discusses the many ways we work with institutions, just like yours. No matter what your needs are, our Compliance Consulting…

In this “Quick Bite”, Wilhelmina Wachter, CFE, CRCM, Managing Director – Compliance Services, reviews the regulatory requirements under both Reg B and the Fair Credit Reporting Act as well as some of the best practice tips for ensuring…

In this “Quick Bite”, Rhonda Coggins, CRCM, National Compliance Services Director, focuses on UDAAP and our current environment and includes a refresher of long-standing principles and a recap of current news.  

In this “Quick Bite”, Wilhelmina Wachter, CFE, CRCM, Managing Director – Compliance Services reviews the E-Sign Act and shares challenges and solutions as well as best practices on remaining compliant.  

At the end of July 2022, the Consumer Financial Protection Bureau issued a consent order against U.S. Bank National Association. The Bureau summarized their initial observations that the Bank, in order to increase sales of certain consumer financial…

The Flood Disaster Protection Act represents one area of compliance that can appear straightforward in some regards, but can also be a cumbersome area for institutions to manage, especially when dealing with complex or unique situations. At the…

FinCEN’s recently released statement on BSA Due Diligence for Independent ATM Owners and Operators make it abundantly clear that their primary concern is knowing the source of cash. While the 2021 exam manual has a similar section, “Risk…

With ever increasing focus from the regulators on how banks and credit unions are managing their various systems in place for detecting suspicious activity whether it’s within an anti-money laundering context, a sanctions screening context, or even anti-fraud…

Flood violations can sneak up on financial institutions. Underlying risks are often not readily apparent until a triggering event occurs that makes everyone pay attention, like a change in flood maps or regulation or in how existing requirements…