Nobody wants compliance mistakes but when they are tolerable and in moderation, you grow, you learn from them and that leads to improvement and survival in a tough world of compliance and banking.
Mistakes happen. Even strong compliance programs can have a slip-up, and you may find your bank has wrongfully disclosed the Annual Percentage Rate (on a loan) or the Annual Percentage Yield (for a deposit product).
On-Demand Webinars about Compliance Management and Auditing
Does the fair lending and UDAAP regulatory focus have you concerned about Adverse Action compliance? This webinar will ensure your financial institution is up to speed with equal credit, fair credit and credit score best practices.
When your account holder's name does not match for IRS purposes, you are sent a CP2100 and your financial institution has to being the B notice process and often times backup withholding on your customer. This is time consuming and expensive.
Does this sound familiar? You “know” there is a particular requirement, yet you cannot find its source, no matter how much you research? It’s possible that you are dealing with an urban legend of banking.
The Real Estate Settlement Procedures Act (Regulation X) has contained rules for administering escrow accounts for many years. The Truth in Lending Act (Regulation Z) requires escrow accounts in connection with higher-priced mortgage loans.
It has been years since the federal bank regulatory agencies have overhauled the Community Reinvestment Act regulations, but they are constantly tinkering with the rules.
Advertising can be impacted by numerous regulations and advertisements can cross the line between “luring” someone and not deceiving them (UDAAP). What you can say, what can't you say, and when can you say it?
Inquiries, Applications, Completed Applications, Prequalification’s & Preapprovals, Oh My! Co-applicants, Co-borrowers, Co-signers & Guarantors, When and Why? What are they, what’s the difference and who can be required to sign?
In April 2016 Mastercard reorganized all of its chargeback codes into four major categories, Authorization-related chargebacks, Cardholder dispute chargebacks, Fraud-related chargebacks and Point-of-Interaction errors.
Do you need help with the Escrow compliance requirements? Join us for a two-hour Escrow compliance webinar. If you’re looking for Escrows in plain English, this is the ticket!
After much industry confusion and concern regarding elements of the regulation, the CFPB released a proposal to update the TRID regulation in July 2016. The proposal provided much needed guidance on where the CFPB was headed with TRID.