It’s time for a trip into the Way-Back Machine, all the way back to April 16, 2020, when the Consumer Financial Protection Bureau (CFPB) issued a final rule amending Regulation C. This amendment permanently raised the closed-end coverage threshold from 25 to 100 closed-end mortgage loans in each of the two preceding calendar years. The […]
Do you Remember? HMDA – Reporting Open-End Lines of Credit Read More »
TCA’s VCM Service Offers Support If You’re Facing Personnel Challenges The great resignation has hit banks. Hiring and retaining personnel, especially those with specialized experience, is challenging for banks. That, coupled with other issues–a complex operating environment, greater cyber risk, and regulatory changes, for example –can raise your compliance risk. Those are some takeaways from
Great Resignation Hits Banks, Threatens to Raise Compliance Risk Read More »
Answer: Since the property is being deeded over to the borrower, the borrower is essentially purchasing the property for what is remaining on the existing loan. Therefore, this would be reported as a Purchase.
Throughout this pandemic, TCA Compliance has looked to the Centers for Disease Control and Prevention (CDC) for guidance on how best to manage the effects of COVID-19 on our business. As many states, including Illinois, are entering into Phase 5 of their COVID strategies (i.e. are re-opening), we have continued to look to the CDC
Covid-19 and Compliance Engagements – Update Read More »
TCA has moved our corporate headquarters from Chicago to Oak Brook, Illinois. While we are sad to leave our home for the past 30 years, we are excited for the new opportunities our new headquarters will provide. Given its central location, our new office is easily accessible from downtown Chicago, the suburbs, the airports, and
TCA IS ON THE MOVE! Read More »
Throughout this pandemic, TCA Compliance has looked to the Centers for Disease Control and Prevention (CDC) for guidance on how best to manage the effects of Covid-19 on our business. Now that stay-at-home orders are being lifted and businesses are reopening, we’ve again relied on the CDC in developing a strategy to protect the health
Covid-19 and Compliance Engagements Read More »
Since the economic upturn, HELOCs are quite popular because real estate values have gone up and rates are low. At a recent compliance meeting, a panel of Regulators discussed common findings or violations from recent examinations. Near the top of the list were HELOC statement violations. TCA findings agree with the examiner comments related to
HELOC Statements – The Ever-Present Risk Read More »
Today’s complex world just got a whole lot more complex with the spread of COVID-19. There are new cases daily, stores have limited hours or are closing, restaurants are restricted to carry-out, schools are closed, and many of you have decided to close your lobbies and service your customers through the drive-through or walk-up windows.
COVID-19 Business Impact: What Can You Do to Help? Read More »
Happy Birthday, TRID! It’s hard to believe but the TILA/RESPA Integrated Disclosure Rule is three years old this October! Remember when it was a cute little Reg? No? I must confess, neither do I! From the onset of compliance in October 2015 to the publication of the final rule on July 7, 2017, TRID remains
TRID is all grown up – now what? TRID Exams Get Tougher Read More »
TCA’s 90 minute webinar will help you understand the regulatory requirements for advertising and the focus on consumer harm.Topics include: Advertising Basics – Has the “trigger” been pulled? Overview of what is required Trigger terms that require additional disclosure Differences in media Disclosure Format – Time to Read the Fine Print Best practices for formatting
Advertising and Marketing Pitfalls: Avoiding Consumer Harm Read More »
We’re here to review your current compliance strategy and help you find A Better Way to manage risk.
