Many institutions maintain internal audit or compliance audit functions but require additional subject matter expertise or bandwidth to meet regulatory expectations. TCA provides co-source audit support that integrates with existing structures and maintains independence.
We partner with your team to supplement internal audit capabilities, bringing compliance expertise and efficiency to co-source audit activities that strengthen program controls and reduce risk.
Flexible Audit Support
Co-sourcing may include:
- Annual compliance audit planning
- Topic-specific regulatory audits
- Policy and procedure alignment
- Testing and documentation support
- Exception validation and remediation follow-up
- Reporting for management and the board
Why Institutions Utilize Co-Source
Common drivers include:
- Limited internal staffing capacity
- Independence requirements
- Exam-driven remediation
- New product or system rollouts
- Increasing regulatory scrutiny
Reporting & Communication
TCA provides clear reporting designed for:
- Management teams
- Audit committees
- Boards of directors
- Examiners
- External audit partners
Additional Fair Lending Topics
Executive Order on Disparate impact and What a Bank Should Know
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 […]
What are MDI’s and the benefits of partnering with one?
Do you ever feel hesitant to engage with organizations in your community because you are unsure if the activity will qualify for CRA? You are not alone. Inconsistencies among the agencies as to what qualifies as CRA eligible activity can cause confusion and make discerning worthwhile partnerships from not-so-worthwhile partnerships that much more difficult. In […]
CRA In the Boardroom
As financial institutions face increasing pressure to demonstrate their commitment for economic stability in underserved areas and populations, the responsibility of the Board of Directors under the Community Reinvestment Act (CRA) has never been more critical in shaping strategies that serve both community and business interests. You may be thinking “How can the Board become […]
CRA as a Profitable Endeavor
Community Reinvestment Act (CRA) compliance is often considered to be a burden rather than a blessing to many financial institutions. With ever changing, and sometimes ambiguous regulatory requirements, it can be tempting to roll our eyes when it comes time for an evaluation of CRA. Like many things, if we change our mindset to see […]
TCA Compliance Welcomes Sara Kirkpatrick, Enhances its CRA Expertise
With the hiring of Sara Kirkpatrick,TCA Compliance is enhancing the consulting it provides to banks on CRA compliance topics. TCA Compliance is a full-service company that provides A Better Way for banks to manage their compliance obligations. Kirkpatrick brings firsthand knowledge of first-time homebuyers and CRA programs. She initially anticipated working at a non-profit or […]
Mitigate Risk: Understand Your Lending Patterns
Examiners are more carefully scrutinizing banks’ lending penetration in low- and moderate-income census tracts for CRA and in substantially minority census tracts for Fair Lending in banks’ designated assessment areas. Examiners also expect banks to demonstrate a thorough understanding of their lending patterns. For example, they analyze HMDA loan data and Small Business/Small Farm loan […]
