Bio:
Patricia is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training.
Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.
Additionally, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.
Areas of Expertise:
AML/BSA Independent Audits
Compliance Audits
Compliance Consulting
Compliance Review
Compliance Seminars
Questions Answered
09/29/2019
An IRS levy requires payment after 21 days.
- When the 21st day is on a non-business date, when should the funds be
sent?
- Are the 21 days calendar days?
I have found no information in the IRS codes addressing the details of 21
days.
08/21/2016
Our branch manager wants to clean up the clutter around our teller windows and personal bankers desks. Are there any “no-no’s” we should avoid?
08/14/2016
Customers frequently drop off loan applications along with deposits, loan payments, etc. at our branches. Loan Ops is located in our home office several miles away. Is there a problem with sending these along at the end of the week?
08/07/2016
Occasionally, an out-of-town visitor will come in to a branch to ask about CD rates, new deposit accounts, etc. Since it’s likely they are not really going to open an account, do we have to provide that information?
05/15/2016
Our senior loan officers are permitted to use discretion in the underwriting or pricing process when dealing with a good customer. Is this okay?
05/08/2016
The greatest risk of discrimination is in the credit decision, right?
05/01/2016
Does a fair lending exam cover only residential real estate loan products?
05/01/2016
Management recently hired a consulting firm to assist in finding ways to improve profitability. One of their suggestions was to change the order for posting debits to deposit accounts, from smallest-to-largest to largest-to-smallest. Marketing wants to emphasize that we would be the good guys by assuring that the customer’s mortgage payment would be paid ahead of the check at the dry cleaners. Are there any specific regulations that state a specific method that financial institutions must use in posting debits?
04/24/2016
How can a lender mitigate fair lending risk if a credit applicant is on maternity leave at the time of the application?
04/24/2016
We want to place an advertisement in a community newspaper. The allotted space is quite small. Is it permissible to advertise only the highest interest payable on tier rated accounts?
Pages