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.
If you haven't done so already, make sure you sign up for our free membership where you get access to many member-only videos, articles, and other resources.
All tagged Video
In this Compliance Clip (video), Adam explains one of the most basic rules of Regulation Z: when to provide a Loan Estimate. In the video, Adam explains both the timing requirements for an LE, as well as when an LE is triggered and required by Regulation Z.
In this Compliance Clip (video), Adam answers the question of whether commercial lenders can select the appraiser for commercial loans. In other words, In other words, does the appraisal independence rules apply to commercial appraisals and commercial lenders? In addition, Adam explains how the independence rules apply to smaller financial institutions.
In this 4th annual Halloween special Compliance Clip (video), Adam talks about trade-based money laundering and environmental money laundering. This is a BSA topic.
In this Compliance Clip (video), Adam explains why the numbers on the FinCEN Suspicious Activity Report (SAR) fields are out of order. This is a “fun fact" from the BSA topics.
In this Compliance Clip (video), Adam answers the question “Is BSA changing to AML/CFT and do we need to make changes to our BSA department names and titles?” Adam clarifies the origin of the term CFT and what financial institutions should really be focusing on in terms of BSA. A transcript of this video is now available.
In this Compliance Clip (video), Adam provides a general overview of one of the hottest topics in fair lending: redlining. In doing so, Adam provides examples of allegations of redlining as well as specific areas the Department of Justice has said it will focus on when determining whether a lender has redlined a particular area. Plus, Adam changes the way he ends this Compliance Clip, based on a recommendation from his son - that you won’t want to miss.
In this Compliance Clip (video), Adam answers the question on whether or not a rescission is required on a bridge loan. Specifically, the question is about purchasing a new home that is secured by a current home, and if the right of rescission will apply. A transcript of this video is now available.
In this Compliance Clip (video), Adam explains what can be done when a structure is located in a high-risk flood zone, but a customer doesn’t want to get flood insurance because the building is old, unusable, or wouldn’t be replaced if it was damaged. This is a great video to share with your lending team who may ask this question from time to time.
In this Compliance Clip (video), Adam discusses new discrimination risk on deposit accounts. While discrimination has typically been linked to loans, that is no longer the case as the regulators are now specifically looking for discrimination on the deposit side of the bank.
In this Compliance Clip (video), Adam discusses what lenders must do if there is a discrepancy between the flood determination and the declaration page. While the industry has long understood one answer to this question, the May 2022 Flood Q&A’s made some significant changes to what is expected when there is a discrepancy between the declaration page and flood determination. Therefore, Adam discusses the applicable Flood Q&A’s as well as how FEMA 2.0 has impacted the answer to this question.
