Periodic quality control testing helps institutions validate regulatory compliance, identify exceptions, and strengthen internal control environments. TCA conducts QC reviews aligned to regulatory expectations and institution-specific risk profiles.
We work with your compliance team to design and implement quality control processes that proactively identify gaps, improve accuracy, and provide ongoing assurance that your compliance program is operating as intended.
Areas of Review
QC testing may include:
- Loan file documentation
- Pricing and underwriting
- Disclosures and timing
- Exception tracking
- Regulatory reporting
- CMS components
Deliverables & Outcomes
TCA provides:
- Detailed findings
- Exception summaries
- Root cause analysis
- Recommended enhancements
- Trending over time
- Reporting for management and the board
Additional Fair Lending Topics
Metropolitan Statistical Area and Census Tract Changes
It is always good to be aware of your Bank’s Assessment Area demographic information. It is of utmost importance that Banks have a good understanding of the community in which they are located and are providing products and services. This is a reminder that as of January 1, 2024, the Office of Management and Budget […]
CRA Public File Reminder
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!
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 […]
