March 2023

small business loan

Small Business Data Collection – Are You Having the Conversation?

SBLAT, Small Business LAR - 1071 / By

By Margaret Dolinger, CRCM 1071 Dodd Frank requires financial institutions to collect data on small business loans and record them on a Small Business Lending Application Register. The Consumer Financial Protection Bureau (CFPB) issued a Proposed Rule on October 8, 2021, regarding the covered institutions and covered transaction pursuant to proposed Regulation B 1002.101 – […]

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community reinvestment act

April 1st is Fast Approaching: Did You Update Your CRA Public File?

Fair Lending/CRA, Special Release / By

April brings many special events – baseball’s home opener, spring showers to bring May flowers, and let’s not forget the CRA Public File update. Section 43(e) of your bank’s CRA regulation states the Public File should be current as of April 1st each year. To help you, we’ve included some handy information to ensure your

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FDIC sign

FDIC Insurance – Communication is Key

Essential Compliance Consulting, Special Release / By

Because of the recent Bank failures, your customers may feel skittish today. Although the news pundits all are saying deposit accounts are insured up to $250,000, we know this may not be the case. Consider having Management craft a statement message or online banking alert assuring customers their funds are insured. You should also ensure

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