Thoughts on How to Address the COVID Deferrals that are Coming to an End

By: David Etter, Managing Director- Loan Review Services I have clients who received 6-month payment deferrals, and those are now maturing. The clients do not have the capacity to re-start…

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RESPA Section 8 Official Guidance: Out with the Old, in with the New!

By: Edward R. Milhorn, Compliance Consulting Director Earlier this month, the Consumer Financial Protection Bureau (CFPB) rescinded Compliance Bulletin 2015-05, titled “RESPA Compliance and Marketing Services Agreements (MSA).” The CFPB determined…

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Did the OCC rush the new CRA?

By: Wilhelmina Wachter, Managing Director – Compliance Services On May 20, 2020, the Office of the Comptroller of the Currency (OCC) issued a final rule on the Community Reinvestment Act…

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Private Bank Stock Transactions

By: John Adams, Head of Investment Banking 2020 has been marked by extreme volatility in the market for public stocks. As a private bank, this is more than a passing…

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FinCEN Releases Guidance for Providing Financial Services to Hemp-Related Businesses

By: Wilhelmina Wachter, Managing Director – Compliance Services On June 29th FinCEN released guidance for financial institutions to address questions related to BSA regulatory requirements for hemp-related businesses. The guidance…

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New Virtual Conference Options for Affiliation Program Members

By: Dana Wilkes, Senior Affiliation Manager The Affiliation Program team is pleased to announce that a new virtual conference option will be available this fall.  Earlier this year when the…

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New: Streamlining Sessions for Affiliation Program Members

By: Dana Wilkes, Senior Affiliation Manager Since most of the country continues to be under stay-at-home orders due to the COVID-19 pandemic, The Affiliation Program team has been working diligently…

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Thinking of Moving to Electronic Files?

By: Denise Dukette, Director Loan Review Services With current events leading to increased remote work/telecommuting, many financial institutions that have not yet converted their credit and other files from paper…

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Hot Off the Presses – the CARES Act

By Rhonda Coggins, CRCM, National Compliance Services Director Amidst all of the recent regulatory issuances providing guidance during the COVID-19 pandemic, compliance stakeholders likely saw the CFPB’s April 1st issuance.  In…

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Do You Need Assistance With Your Commercial Loan Portfolio?

By: David Etter, Managing Director – Loan Review Services Your Commercial Loan portfolio may require additional monitoring and/or credit administration attention to address the effects of the unprecedented impact on…

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