Poor box relocations, recent law enforcement (search and seizure) vault raid, incorrect box drillings, sloppy recordkeeping and many nationwide financial institutions now eliminating safe deposit box services, have significantly impacted our industry
Banks with active and imaginative marketing departments can produce some great ideas, but some of the ideas can break some rules. Bank staff members who want to assist local charities can also step outside of legal and regulatory boundaries.
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.
There are many reasons to keep your flood insurance house in order: consumer harm, collateral loss, and civil money penalties of over $2,000 per violation under the Flood Act.
Recorded on October 24, 2023
Overdraft Programs and Their Risk to Your Financial Institut
Many banks do escrow statements at the year end. If your bank is does, your busy season is fast approaching. Regardless of when your escrow statements are done, they must be correct. There is no delay for RESPA deadlines.
Regulation E came back into the news in a big way in 2019 as the CFPB levied a $3.5 million civil money penalty and $12 million in restitution against an institution for incorrectly processing dispute claims. .
Regulation E came back into the news in a big way in 2019 as the CFPB levied a $3.5 million civil money penalty and $12 million in restitution against an institution for incorrectly processing dispute claims.
Recorded on August 21, 2023
Small Business Lending Data Collection – Section 1071
This live seminar delves into the final rule, how it differs from the proposed requirements, and what your institution needs to know to ease the regulatory burden and make the implementation process as smooth as possible.