Essential Compliance Consulting

Specialties

Regulatory Risk Assessments

BSA/AML/OFAC

Bank Due Diligence

Compliance Rules for New Bank Products

Compliance Management System Risk Assessment

Compliance Guidance When and How You Need It

Partnering with you to develop strategies and solutions customized to your financial institution's unique risk profile.

An effective compliance program starts with understanding your bank's risk profile and developing a comprehensive strategy around the vulnerabilities associated with products, services, size, and complexity.

We're here to help you satisfy the requirement for examination reports, whether you feel confident that your program is on target and want assurances that your strategy is on track, or you worry that some aspects of your program are lacking.

We guide your team in all areas of compliance. Those include:

Risk Assessment Assistance

After working with you to identify your institution's unique risk appetite and creating a risk profile, we pinpoint the areas that present the most significant threats and develop a way to mitigate them.

If you're launching new products or services or opening a new office or branch, we can help you conduct assessments and recommend best practices for staying in compliance.

Audit Co-Source

Staffing shortages? Competing priorities? TCA can step in to fulfill any of your audit commitments in all areas of consumer compliance whenever you're struggling to meet your audit deadlines.

Periodic Compliance Quality Control

When you're selling to investors, you already know about the requirements for quality control.

But have you also considered a robust consumer compliance review?

We run through all the "alphabet regs" to ensure that your loan files are free of errors that could cause you to repurchase a loan.

System Conversion Validation

It's always a good idea to validate the system whenever you roll out a new core or loan origination system so that documents, disclosures, notifications, and statements meet regulatory requirements.

We can review system output to verify that the hundreds of responses to questions about products and services are correct and the appropriate codes were selected.

Look to TCA for A Better Way to identify and implement the strategies and solutions that make for a high-performance compliance program.

Key deliverables include:

  • Helping you to develop compliance plans that allow you to satisfy requirements for examination reports.
  • Providing full-service or à la carte assistance when and how you need it.
  • Delivering peace of mind that your strategies, processes, and procedures are appropriate to your bank's risk.

 

Compliance Consulting Insights

flood insurance policy

When the Tide is Against You

By | May 13, 2021

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silhouettes, person, human

The Great Debate — Is This a Finance Charge?

By | April 13, 2021

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Fair Lending

Meet your Community’s Credit Needs for Fair Lending – Utilizing Regulation B’s Special Purpose Credit Program

By | April 7, 2021

“What are you doing to ensure diversity, equity and inclusion (DEI)?”  That question routinely comes up during conference calls among us, clients, and regulatory agencies. Businesses, educational institutions, and non-profit organizations all are focusing on DEI.  Financial institutions are no exception. In fact, regulatory agencies emphasize the importance of DEI in written communications about the Fair …

Meet your Community’s Credit Needs for Fair Lending – Utilizing Regulation B’s Special Purpose Credit Program Read More »

community reinvestment act

CRA Public File Reminder

By | March 25, 2021

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mortgage loan application

The Fannie Mae and Freddie Mac Application: New and Improved?

By | February 26, 2021

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home keyring in keyhole

No Longer A HMDA Reporter – Fair Lending Still Applies

By | January 26, 2021

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Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email Address

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

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