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 how to identify covered borrowers under the Military Lending Act (MLA). MLA provides special protections for active duty servicemembers like capping interest rates on many loan products. In particular, Adam talks about the two safe harbors that the regulation provided in determining a covered borrower.
In this Compliance Clip (video), Adam talks about the minimum requirements for a financial institution’s Customer Identification Program. This is a BSA topic. A transcript of this video is now available.
In this Compliance Clip (video), Adam talks about the requirements for lobby disclosures under Regulation CC. In other words, Adam discusses and gives an examples of how the notice that tells customers about a bank’s hold practices should be displayed in a bank’s lobby area, based on the requirements of Regulation CC. A transcript of this video is now available.
In this Compliance Clip (video), Adam gives an overview of the requirements when closing a branch of your bank or credit union. A transcript of this video is now available.
In this Compliance Clip (video), Adam talks about the required deposit disclosure requirements found in Regulation Z if the creditor requires the consumer to maintain a deposit as a condition of the specific transaction. In addition, Adam shares a best practice in managing the required deposit disclosure on TIL. A transcript of this video is now available.
In this Compliance Clip (video), Adam discusses whether or not electronic fund transfers (EFTs) that were initiated through fraud or robbery are considered unauthorized EFTs under Regulation E. Adam also cites examples of unauthorized EFTs, based from the CFPB’s FAQs on unauthorized electronic fund transfers. A transcript of this video is now available.
In this Compliance Clip (video), Adam discusses the timeframe for filing a continuing activity report. The timeframe can be a little bit complicated but the FAQs from FinCEN clarifies the guidance by providing a timeline of activities and Adam tries to simplify it one step further.
Our Compliance Clips have returned! You may have noticed that we haven’t published a new Compliance Clip in the last few weeks. Well, that was due to some technical difficulties, Adam losing his voice, and taxes. Okay, maybe not all of those are fully to blame, but our Compliance Clips are back starting with this one. In this Compliance Clip (video), Adam answers a recent question he received regarding closing a loan on a day that is not considered a business day under the general definition of a business day in Regulation Z.
In this Compliance Clip (video), Adam discusses when to provide the loan estimate.
In this Compliance Clip (video), Adam discusses options for reporting a SAR to the board of directors when the SAR is on a director. He also discusses what to do if the SAR is on a member of senior management, like the president of the financial institution. This is a must-watch video for any BSA professional.
