That is what the CFPB fined nine mortgage lenders in in less than a four-month span in 2020 for false advertising. If one of your hats means you produce, audit, review, or answer to the advertisements your bank uses, this webinar is for
Recorded on June 02, 2022
Flood 101 – Facts to Keep You Afloat in Deep Waters
Flood compliance is intimidating. So many rules, so many details, so many fines! Examiners always pay great attention to flood compliance, because more often than not, they find violations… and one problem can sink into several penalties.
In March 2022 the CFPB announced it would be targeting unfair discrimination in consumer finance. You have likely heard and may have even said, “there is no fair lending equivalent for deposits.” Well – now there is.
Is fair lending an important issue? When President Biden took office, he emphasized fair and equal treatment and that included many fields, mortgage lending included. The OCC’s Acting Comptroller Michael Hsu has echoed these same sentiments.
Recorded on May 09, 2022
Opening Deposit Accounts Online—CIP, CDD, Compliance and Ris
The Suspicious Activity Report is one of the most complex and confusing regulatory forms financial institutions are required to complete to report suspicious activity.
Everything old, is new again. In January 2020, the CFPB issued a policy statement on how it was interpreting and enforcing UDAAP. In March 2021 the new acting director of the CFPB announced a reversal of that position.
Recorded on April 13, 2022
Currency Transaction Reporting: Line-by-Line Updated for 20
Whether it’s a bookkeeper struggling with gambling addiction or a teller dealing with crushing credit card debt, sometimes the only way out is to take advantage of lax internal controls and start accessing unsuspecting customer accounts for easy cash