Yes, summer is already over and fall is upon us. That means sweater weather, changing leaves, and pumpkin spice. But it also means the year is winding down. If it was your New Year’s resolution to file at least one SAR this year, time is getting short. And if you haven’t been planning on filing, [...]
You can tell a lot about a year by looking at its top news stories. We’ve compiled a list of the most popular Risk InboX posts from 2015 for a look back on the highlights (and perhaps lowlights) of this year in compliance. 1. Having Trouble Taming the Continuing SAR Beast Our most popular blog post [...]
Ever wonder what consumers are saying about you behind your back? Thanks to the monthly CFPB Consumer Complaint Snapshot, there is no wondering required. It gives us a look into what consumers are grumbling about. And if you want to know what red flags are capturing the attention of regulators now, a good place to look [...]
Earlier this year, the CFPB released a compliance bulletin warning mortgage lenders that marketing service agreements, or MSAs, present substantial risks involving illegal kickbacks and referral fees under RESPA, the Real Estate Settlement Procedures Act. With these risks on the rise, here's what you need to know from the compliance bulletin. First of all, the [...]
Think TRID was big? Wait until lenders start digging into "new" HMDA, which is about to put on some serious muscle, courtesy of the Consumer Financial Protection Bureau. In one hour, we share with you what you need to know about the 2015 amendment to the Home Mortgage Disclosure Act. Purchase a recording of [...]
In August 2015, the OCC announced Community Reinvestment Act performance evaluations for 30 national banks and federal savings associations. Of those evaluations 5 were rated outstanding and 24 were found satisfactory; however, one bank was rated “substantial noncompliance.” The Lemont National Bank was found to be exceptionally lacking in meeting the credit needs of its entire [...]
AdvisX President, Ken Agle, will present this webinar for Bankers Web on 2/16/2016 at 11 A.M. Central.
AdvisX president, Ken Agle, will present this webinar for Bankers Web on 2/16/2015 at 11 A.M. Central.
Recent regulatory activity, especially by the CFPB, is serving notice to all financial institutions to pay close attention to their advertisements to make sure they are not considered deceptive. Sometimes these fines are not especially large, but the headlines are. What can we learn from these actions to avoid becoming the next big news story? [...]
Even though ESIGN Act has been around since 2000, with more and more consumers pushing for online services, from receiving their statements in an email to online applications for a loan, we're seeing a surprising number of lingering ESIGN compliance issues. That's why it is a good idea to occasionally step back and look at [...]