Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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All tagged Video
In this Compliance Clip (video) Adam discusses the compliance rules to look out for when reviewing advertisements and marketing material related to loans. As the consequences of violating lending advertising compliance rules can be significant, it is imperative that financial institutions know what to look for in their lending marketing and advertising material. A transcript of this video is now available.
In this Compliance Clip (video), Adam reviews the LE and CD signature requirements of Regulation Z. As you will see, Regulation Z provides a few options for applicant signatures, but also has a few requirements that must be met. A transcript of this video is now available.
In this Compliance Clip (video), Adam enumerates the requirements for reporting identity theft red flags to the board of directors. In addition, Adam describes an alternative for how small financial institutions can report these requirements.
In this Compliance Clip (video), Adam discusses what a protected class is under fair lending. In particular, Adam talks about the protected classes under the two fair lending laws: Fair Housing Act and ECOA., and how they differ as well as how they overlap. A transcript of this video is now available.
In this Compliance Clip (video), Adam talks about the six pieces of information r needed for a TRID application under Regulation Z. Adam discusses what constitutes a completed application and when the six pieces of information triggers the loan estimate requirements. A transcript of this video is now available.
In this Compliance Clip (video), Adam discusses how financial institutions can avoid a potential unfair act or practice when it comes to assessing statement fees and returned statement fees. Adam explains how this practice can result to a risk of UDAAP violation and shares some steps on how to make sure your financial institution is doing it right. A transcript of this video is now available.
In this Compliance Clip (video), Adam talks about a potential revision to the Regulation DD. A transcript of this video is now available.
In this Compliance Clip (video), Adam covers a few best practices to use when conducting BSA training for the Board. As this is often something that is done on an annual basis, BSA training can be repetitive and directors can easily "check out" of the meeting and not have great retention - which defeats the purpose of the meeting. By using best practices in training directors on BSA, your training can be effective, efficient, and even entertaining - which is exactly what your directors want. View this video for a few quick tips on providing BSA training to your board.
In this Compliance Clip (video), Adam talks about an amicus brief that the CFPB submitted to the courts regarding how Regulation Z applies to commercial loans. In particular, the opinion clarifies whether or not you can call a loan a “commercial loan” in order to exempt the loan from the requirements of Regulation Z. A transcript of this video is now available.
In this Compliance Clip (video), Adam explains the basics of an abusive act or practice. The abusive standard has been a moving target over the last decade or so, but the CFPB has finally given us guidance to help us understand the topic a bit better.
