The question – How does a financial institution maneuver through the regulatory requirements to ensure lending compliance when dealing with immigration? TCA – A Better Way!
Let’s Make This Simple – Immigration Status Alignment with ATR, ECOA and BSA Read More »
On April 22, 2026, the Consumer Financial Protection Bureau (Bureau or CFPB) issued a final rule amending provisions related to disparate impact, discouragement of applicants or prospective applicants, and special purpose credit programs under Regulation B. This final rule is effective July 21, 2026. TCA – A Better Way!
Regulation B Amended Read More »
It’s no joke, the April 1st deadline is just days away to review your CRA Public File(s) and ensure all required information is accurate and current and present in the file. TCA – A Better Way!
CRA Public File Reminder Read More »
On April 23, 2025, an Executive Order regarding Disparate Impact was issued. The Order states: “It is the policy of the United States to eliminate the use of disparate-impact liability in all contexts to the maximum degree possible.” In addition, it requires the assessment of pending investigations and litigation to extend to the Department of
Executive Order on Disparate impact and What a Bank Should Know Read More »
Answer: Yes, the regulatory agencies are requesting institutions to include their originated small business loans as part of their fair lending review to determine their lending patterns in substantially minority census tracts within their assessment area to note any redlining issues. This practice is a precursor to the future 1071 Small Business Data Collection analysis.
TCA often helps financial institutions review commercial loans for Regulation B compliance, which includes handling adverse action loan applications. During these reviews, TCA sees numerous mistakes, such as: TCA – A Better Way!
At TCA, we’ve already been fielding calls from clients confused about gross revenue under 1071. It is a key factor when identifying small business loans for the count of originations for the prior two years. Under 1071, a small business is defined as one with a gross revenue of $5 million or less. Financial institutions
When implementing and creating processes for the 1071 Small Business LAR Rule, determining when the institution will be subject to the collection and reporting requirements is vital. The CFPB’s tiered implementation means we must first undertake a count to determine when the institution is subject to the collection and reporting of the covered data. The
1071 Preparation Guide | Article 4 Identifying and Counting Covered Transactions Read More »
We all knew more guidance on 1071 Dodd-Frank on Small Business Data Collection was coming. On May 17, 2024, the Consumer Financial Protection Bureau (CFPB) announced an interim final rule extending the compliance dates for data collection and data reporting for financial institutions. The Rule requires financial institutions to collect and report small business lending
1071 Preparation Guide – Article 1 Getting Started and Best Practices Read More »
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