May 2

May 2 VIDEO: What is Redlining?

In this Compliance Clip (video), Adam explains what redlining is. In particular, Adam discusses the different definitions provided by the regulators as well as the different forms of redlining. A transcript of this video is now available.

Apr 25

Apr 25 VIDEO: Filing a CTR on an Entity

Adam Witmer

BSA

In this Compliance Clip (video), Adam explains how to properly file a Currency Transaction Report (CTR) for an entity, clarifying the definition of "person" in regulatory terms. A transcript of this video is now available.

Apr 18

Apr 18 VIDEO: Who is FATF?

Adam Witmer

BSA

In this Compliance Clip (video), Adam talks about the the Financial Action Task Force or FATF, an international organization established to set global standards for combating money laundering and terrorist financing. He explains the FATF's role in coordinating efforts among nations and the importance of their 40 recommendations in maintaining financial integrity worldwide.

Apr 11

Apr 11 VIDEO: What is the FCRA?

Adam Witmer

FCRA

In this Compliance Clip (video), Adam provides a brief overview of the Fair Credit Reporting Act or FCRA. He describes how this longstanding law protects consumers and regulates the practices of both consumer reporting agencies and the users of their data. A transcript of this video is now available.

Apr 4

Apr 4 VIDEO: What is the 6% cap under SCRA

Paula Parras

SCRA

In this Compliance Clip (video), Adam discusses the 6% interest rate cap under the Servicemember Civil Relief Act (SCRA) and how it benefits active-duty military personnel. As interest rates continue to rise, understanding these protections becomes increasingly important for creditors. A transcript of this video is now available.

Mar 28

Mar 28 VIDEO: Wrapping the FDIC Digital Sign on Mobile

Adam Witmer

In this Compliance Clip (video), Adam discusses the essential guidelines for displaying the FDIC digital sign on mobile applications. He explores the challenges faced by financial institutions in ensuring clear and compliant visibility of the FDIC sign on devices with varying screen resolutions. A transcript of this video is now available.

Mar 21

Mar 21 VIDEO: Authorized but Fraudulent Debit Card Transactions

Adam Witmer

Regulation E

In this Compliance Clip (video), Adam explains the nuances of authorized but fraudulent debit card transactions. He discusses the distinctions in liability for consumers when a scammer initiates a transaction versus when the consumer unknowingly authorizes it.

Mar 14

Mar 14 VIDEO: Adverse Action for Declined Counter Offer

Adam Witmer

Regulation B

In this Compliance Clip (video), Adam discusses the nuances of adverse action notices in the context of declined counteroffers for commercial loans. He explains the regulatory framework under Regulation B and the implications for lenders when an applicant withdraws their application after a counteroffer is declined.

Mar 7

Mar 7 VIDEO: What is a Permissible Purpose to Pull a Credit Report

Adam Witmer

FCRA

In this Compliance Clip (video), Adam discusses the critical concept of "permissible purpose" when obtaining credit reports under the Fair Credit Reporting Act (FCRA). Understanding these guidelines is essential for lenders and creditors to avoid significant legal violations and breaches of privacy.

Feb 28

Feb 28 VIDEO: Reg E Dispute Involving a Previous Merchant

Adam Witmer

Regulation E

In this Compliance Clip (video), Adam responds to a question about how to handle disputes involving a merchant that a consumer has previously used. He explains whether financial institutions can deny a dispute solely based on a customer's history with that merchant, highlighting the requirements set forth by Regulation E.