I heard a banker comment that, “Reg E hasn’t changed, so what’s to learn?” The Reg itself and the commentary haven’t changed, interpretations of who is a financial institution, what is an error and who has to investigate errors have.
Have you ever eaten at In-N-Out Burger? The menu is simply delicious… straightforward, plain, and uncomplicated. In fact, it is probably a bit like your loan product lineup.
WednesdayMarch 27, 2024
Flood Compliance for Commercial Lenders - How to Stay Afloat
It is commonly thought that Commercial Lending is free from following Consumer Compliance Regulations. This is a just not true – especially when it comes to compliance under the Flood Disaster Protection Act.
When your bank receives a claim that an ACH charge to a customer’s account was unauthorized, you have to respond correctly and your customer expects swift results.
It has been more than a few years since the Reg Z Loan Originator rules came about, and even longer since the SAFE Act requirements began. When rules and regs start to age, the rationale behind their policies and procedures are forgotten.
During this webinar, we will bring you up to speed on all things BSA and OFAC for 2024. It’s been a busy year as beneficial ownership continues to roll out amidst legal battles. New National Risk assessments have been published and crime abounds.
Loan servicing covers much more than just mortgage servicing. Think much more broadly than escrow payments-think everything to do with loan payments, from application to closing to the first payment all the way to payoff.
Recorded on February 20, 2024
The FDIC’s Revised Advertisement of Membership Rule: Getting
The FDIC’s revised regulation on Advertisement of Membership, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo becomes effective April 1, 2024, with a mandatory compliance date of January 1, 2025.
Audit and Internal Controls,Compliance,Compliance Management and There is a saying, “you don’t know, what you don’t know.” While true, recognize you will still be responsible for all things compliance that you should know.
Have you checked off all the Operations changes on your list from 2023? Did you put out all those “fires” that popped up, or are there still some hot spots?
Many of the inherited IRAs have missed distributions due to the delayed release of the regulations. During this program, we will review what are the rules for inheriting an IRA and distributing to the beneficiaries.
It seems that we get changes to HMDA and/or Regulation C every year. The changes keep adding to the challenge of fully complying with the requirements of the law and regulation.
There are many ways to violate military lending rules and some lenders are actively doing this. One lender recently agreed to pay $225,000 because they were not providing the interest rate adjustments the SCRA requires.
The current HMDA rule has been in effect for over 5 years – since 1/1/2018 - yet questions constantly arise, even from experienced compliance officers.