One of the most severe penalties from a pattern of MLA violations was having a CRA rating downgraded and it just recently happened. The Military Lending Act and especially the Servicemembers Civil Relief Act are still hot issues.
TuesdayMarch 23, 2021
Regulation CC: Funds Availability (Deposits and Holds)
If your bank delays the availability of customer deposits, it needs to ensure that its Funds Availability Disclosures include the types of holds you may place and that the holds conform to the limits imposed by Regulation CC.
This two-hour webinar provides insight into the murky areas of HMDA which may result in the failure to report the appropriate loans on the LAR or errors in reported data fields.
This webinar is beneficial for anyone who could be involved in a robbery. Learn what you can do to prevent a robbery at your branch, what steps you should take to keep yourself safe should it happen, and the best way to handle the aftermath.
There was a headline which read, “Big Bank Pays $15.5M Penalty for Reg E Violations.” It wasn’t all claims related but fines for that were included in the total penalty.
Understanding the differences in applications for HMDA, Regulation B and TRID (Regulation Z) is key to correct handling and reporting and streamlining the reporting process.
Mistakes are good when you learn from them. Mistakes are great when you learn from someone else’s. Join me as we look at what examiners are finding wrong in banks so they do not find it wrong in yours.
It’s a fact of life, “you don’t know, what you don’t know.” Unfortunately, that never means you are not responsible for ALL of the compliance changes, updates and guidance that were issued in 2020.