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
09/24/2017
In an indirect lending scenario, does the financial institution have any responsibility to ensure that the indirect lender followed these procedures at the time that the indirect lender took the application?
09/24/2017
Is a letter to a specific customer which tells them that they have been preapproved for a loan under the terms listed not an advertisement? So, use of triggering terms does not require the additional information?
09/17/2017
Can we add on our joint intent form a statement that this covers all extensions, modifications, renewals?
09/17/2017
If a broker sends the bank an application, but the applicant has not contacted the bank personally, is that an application?
09/10/2017
Is it a violation if we have required guarantors sign a notice of intent in all cases?
09/10/2017
Do lobby posters promoting products, club trips, or upcoming events need to have Member FDIC?
09/10/2017
Under Regulation B, there is a separate definition for an application and a completed application. Is there a requirement to monitor and track for an application and a completed application?
09/03/2017
Can you do your analysis statements at one period of time for all escrow loans? Do a beginning short year statement so all statements are due at the same time?
09/03/2017
I attended a seminar last week and I discovered that our bank, which I thought was approving and selling loans, was actually acting as a broker. Upon speaking to the primary loan officer for these loans I found out that we do not do any of the underwriting for these loans, nor do we make the credit decision. The purchaser is putting these loans on their LAR (as they should), but so have we. I have been working here nearly a year now and just found that information out and I am upset with myself for not knowing this information before now. I looked at our LAR from last year and see that nearly half of the loans on the LAR should not have been reported as they were these brokered loans. It is the same story as far back as 2014. Do we
need to go back and re-submit the LAR(s) or can we proceed as normal? Are we looking at penalties? I am really shocked at this news. After several exams and outside audits, this was never discovered until now. I would really appreciate any tips you can offer.
09/03/2017
Is there a matrix published that lists the different minimum font sizes required for different parts of a bank advertisement (i.e., disclosures minimum font size)?
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