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Edward R. Milhorn, Compliance Consulting Director Earlier this month, the Consumer Financial Protection Bureau (CFPB) rescinded Compliance Bulletin 2015-05, titled “RESPA Compliance and Marketing Services Agreements (MSA).”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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An Abusive Act or Practice: What is it and How Can We Really Define It?

By:  Rhonda Coggins, CRCM, National Compliance Services Director While compliance stakeholders have several different regulations to juggle, they also need to be on the lookout for acts or practices that are unfair,…

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Expanding Beyond the Traditional DSCR – The Use of Debt Yield in Analyzing CRE Transactions

By: David Etter, Managing Director- Loan Review Services Most Bankers are very comfortable with the use of a Debt Service Coverage Ratio (“DSCR”) when evaluating a CRE transaction. Simple enough…

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