Essential Compliance Consulting & Additional Practice Areas

Specialties

Regulatory Assessment Assistance

Audit Co-Source

Periodic Compliance Quality Control

System Conversion Validation

Compliance Guidance When and How You Need It

Supporting you with in-depth skills and experience when you need an extra dose of expertise or need help with a last-minute crisis.

Miscellaneous projects and last-minute crises arise at every bank, and sometimes you need a couple of extra hands.

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.

Whether your team is focused on higher priorities or you need a dash of additional expertise, TCA brings you à la carte services in several categories.

Even better, we serve them up with the systematic approach that you expect from TCA.

They include:

Risk Assessment Assistance

Physical growth and expanded services are a terrific way to serve your customers and communities and build your bank.

But adding new branches and rolling out new products and services carry a risk that you need to identify first.

We consider both the big picture and the tiny moving parts of your plan to pinpoint potential trouble spots so you can address them before you cut the ribbon on your new building or launch new suites of products.

We can conduct the entire risk assessment on your behalf or field questions and act as an advisor.

Since our team has guided numerous banks—both large and small and in multiple markets and product categories—in their growth, we bring an informed, fresh perspective.

Audit Co-Source

Staffing shortages? Competing priorities?

TCA can help fulfill any of your audit commitments in all areas of consumer compliance whenever you're struggling to meet your audit deadlines.

Define your needs and preferences. Then, we’ll get the work done.

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?

You can expect us to scrutinize your files – running them through the alphabet regs, searching for red flags, and identifying potential deficiencies.

We’ll check off all the boxes for you, tell you about potential trouble spots, and explain how to protect your bank.

System Conversion Validation

It's always smart 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 step in to review system output and verify that the hundreds of responses to questions about products and services are correct and that the appropriate codes were selected.

TCA’s A Better Way ensures that you have the right resources and system capabilities in place that will support your growth and success.

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.
  • Bringing you best practices and extra know-how when you’re short on time or staff.
  • Delivering peace of mind that your strategies, processes, and procedures are appropriate to your bank's risk.

 

Compliance Consulting Insights

loan denied stamp

Adverse Action Notice Requirements For Loans and Deposits

By , | June 30, 2020

When you deny a credit application or a deposit account request, you simply fill out a form and move on to the next customer, right? If only it were that simple! This article will clarify the who, what and why of the different requirements for denying loan applications and deposit requests for consumers and businesses …

Adverse Action Notice Requirements For Loans and Deposits Read More »

mortgage symbol

Loan Servicing & Loss Mitigation Are Fair Lending Risks Too!

By | May 28, 2020

As we are all in this unusual time of a pandemic with various levels of lockdowns and social restrictions and the resulting economic downturn, unemployment and business closures, many financial institutions are trying to wade through processes on how to help their customer base through modifications, deferments, waiving of fees and loan proceeds for small …

Loan Servicing & Loss Mitigation Are Fair Lending Risks Too! Read More »

covid-19

Do These Activities Qualify for CRA Credits?

By | May 22, 2020

COVID-19 has caused nationwide turmoil, including in the financial services industry. Banks have been flooded with inquiries regarding deferral of payments, modification of loan provisions and loan requests to keep businesses afloat. Many banks have asked TCA whether certain activities would be considered as CRA credits or qualified community development activities. The first of many …

Do These Activities Qualify for CRA Credits? Read More »

aml

Preparing a Bank Secrecy Act Risk Assessment

By , | May 19, 2020

Welcome to TCA’s BSA Back to Basics article series! Each month, our BSA experts will explore a section of the FFIEC BSA/AML Exam Manual, analyze the regulatory requirements, and offer insights to common findings in exams and audits. We will share best practices to help your BSA program continue to evolve. The first section of …

Preparing a Bank Secrecy Act Risk Assessment Read More »

opt out on computer key

Privacy Notice Opt-Out Requirements

By | May 7, 2020

TCA has received questions from several clients recently regarding privacy notices and opt-out requirements, so we felt it was time to provide a refresher. Questions on whether written agreements meet the requirements for joint marketing arrangements should be referred to legal counsel. What information is covered? The GLB Privacy Rule protects a consumer’s “nonpublic personal …

Privacy Notice Opt-Out Requirements Read More »

cares act badge

BSA Compliance & COVID-19: FinCEN & SBA Updates

By | April 17, 2020

Over the past month, every facet of our lives has dramatically changed. Shelter-in-place orders, rotating bank staff, lobby closures, government stimulus programs and a myriad of regulatory updates have stretched risk management resources. TCA has received many questions from clients asking for our interpretation of guidance that has been issued in response to these regulatory …

BSA Compliance & COVID-19: FinCEN & SBA Updates Read More »

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 for Non-Confidential Information Only

[email protected]

Office Location

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

Endorsed By