Bio:
David's banking career began as a field examiner for the FDIC in 1990. He later became a Loan Officer for a small bank. In 1993, he established Banker's Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker's Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the Center for Financial Training, the American Bankers Association National Compliance Schools and is a frequent speaker at the ABA's Regulatory Compliance Conference. David is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have 3 adult children (none of whom live at home!) & 3 cats (which Dave is allergic to). They live on a lake in Nebraska and when possible, Dave can be found fishing or in the water. David plays the guitar & piano and enjoys singing with Karen. Together they lead worship at their church.
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Upcoming and On-Demand training presented by David.
Areas of Expertise:
Audit Services
Compliance Audits
Compliance Consulting
Compliance Review
Compliance Seminars
Lending
Lending & Operations Compliance Matrices
Risk Assessment
Organization Health / Culture Consulting & Training
Training the Trainer Materials
Training Videos
Questions Answered
02/02/2004
I am in the process of reviewing and updating all of our compliance forms for our residential mortgage applications. On our current RESPA Servicing Disclosure, we state that any complaint resolution must be handled within 60 days of receiving the customer complaint. I am looking at a version (I assume current) in software we just purchased that states the complaint resolution needs to happen with 60 "busines" days. Does the "business" day statement meet RESPA requirements?
02/02/2004
If a bank provides its CRA Public File on its intranet or the Internet is it permissible to remove the paper editions from all its main office and branch locations?
02/02/2004
Customer is purchasing primary residence using his sister's house as additional collateral, as well as the purchase property. The sister and her husband are going to be borrowers as well. Do we need to provide a right of rescission on the property of the sister?
02/02/2004
Can a home equity line of credit be set up contractually to also be used as overdraft protection (i.e., an automatic sweep from the line to cover any overdraft that may occur in the customer's checking account)?
01/19/2004
An account is opened for a new customer and all identifying information is obtained. If that account is later closed, but the customer record is still on the bank's system, does the opening of a new account for this customer require the obtaining of the identifying info again?
01/19/2004
I was reading a question on your web site regarding the Equal Housing Lender logo. The answer referred the reader to a website, but when I went to that site I only found the Equal Housing Opportunity logo. Do you know any website from which I can copy and paste the EHL logo?
01/19/2004
With respect to a real estate loan, we have a Loan Officer who completed and mailed the RESPA Disclosures prior to application date. They think they should not have to mail out any additional RESPA disclosures after we received the application because they had already been given. I question how they knew what figures to use since there was no application giving them the needed information.
01/19/2004
How many days notice must we give a customer to obtain hazard insurance on a residential property before we force place insurance?
01/19/2004
If a customer has a residence located in the flood plain and they have insurance to cover their first mortgage, then they take out a Home Equity Line of Credit, do they have to have additional insurance to cover the credit limit of this line of credit?
01/19/2004
Our sister bank was told by their examiners that they were in violation for not disclosing fees such as overnight fees on commercial loans. What fees are required to be disclosed in this instance? We typically list the loan fee and flood fee on the note under Additional Charges. What, when, where should we disclose on a commercial transaction (real estate and non-real estate related)?
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