OCC Reduction In Regulatory Burden

February 21, 2017 9:51 am
By Gina Ellis, CRCM On December 15, 2016, the Office of the Comptroller of the Currency (OCC) issued News Release 2016-156 removing outdated or unnecessary provisions of certain rules. Among those is the financial disclosure requirement found in 12 CFR Part 18. Specifically, Part 18 requires national banks to prepare financial disclosure statements which include… View Article

Americans with Disability Act – Back in the News

February 6, 2017 8:00 am
By Elva Coffey-Sears, CRCM The Americans with Disability Act (ADA) has had little press since it was signed into law on July 26, 1990 – at least until now. The ADA is designed to prevent discrimination against persons with disabilities and to provide them with equal access to employment, physical facilities, and goods and services… View Article

Don’t Forget about the Bank Bribery Act

January 23, 2017 8:00 am
By Cody Roberts, CRCM If you look at enforcement actions, you will see topics noted like BSA/AML, real estate lending and flood, capital adequacy, loan quality, UDAAP, and cybersecurity. The Bank Bribery Act will likely not be seen in such actions.  But this law is still in effect—and relevant. What is the Bank Bribery Act?… View Article

Annual Threshold Adjustments – 2017

January 9, 2017 8:00 am
By Elva Coffey-Sears While it’s hard to predict what changes 2017 may bring to the compliance arena, the first of the regulatory changes to be integrated into your compliance program are the annual adjustments to the various regulatory thresholds. These thresholds are adjusted annually based on various consumer price indexes at defined times during the… View Article

Update to URLA (Fannie Mae's 1003 Loan Application Form)

December 23, 2016 8:00 am
By Gina Ellis In our blog post September 6, 2016, we discussed the revised Uniform Residential Loan Application Form (URLA). While the CFPB officially issued its approval of the form, Fannie Mae and Freddie Mac (the GSEs) have indicated the form should not be used until they establish final effective and mandatory compliance dates. So,… View Article

Why Choose BankManager® Elite?

December 12, 2016 9:28 am
Want to eliminate the need for your filing cabinets? Save time? Obtain more detailed easy-to-understand reporting? Upgrade your current system? Then BankManager Elite is for you! Still a comprehensive workstation for lenders and customer service representatives as with BankManager® Pro, BankManager Elite features a new and improved reporting engine, faster deployment across multiple desktops and an easy-to-use favorites button for custom… View Article

Calculating Days in CompliancePro

November 28, 2016 9:48 am
By Cody Roberts Have you had to calculate timeframes for a Regulation CC hold notice? How long do you have to file a Suspicious Activity Report?  When do you need to send a Regulation B adverse action notice?  When looking at transactions in the past, has your compliance officer or auditor needed to be able… View Article

Revised Mortgage Servicing Rules

November 14, 2016 8:00 am
By Elva Coffey-Sears The revisions to the Mortgage Servicing Rules under RESPA and TILA released by the CFPB on August 4, 2016 were (finally) published in the Federal Register (FR) on October 19, 2016, thus establishing effective dates of October 19, 2017 for the majority of the amendments, and April 19, 2018 for the amendments… View Article


October 31, 2016 8:00 am
By Gina Ellis The Consumer Financial Protection Bureau finalized amendments to Regulation E and Regulation Z on October 5, 2016. The new requirements to provide additional consumer protections and disclosures to prepaid accounts are effective October 1, 2017. Prepaid account access devices or packaging material that are manufactured, printed or otherwise produced in the normal… View Article

E-Sign with Digital Authentication versus Signature Pads

October 17, 2016 8:56 am
Jay Bruce and Benjy Cook Digital authentication creates a unique alpha-numeric identifier for each signer in a transaction and places that identifier on every document, on the appropriate signature line, wherever that person’s signature is required. The identifier is also placed under the signature line of the Electronic Signature Consent Form that is signed by… View Article