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

personal data

Amid Data Reporting Uncertainty, HMDA Risk Must Be Managed: Part 1—How is it Going?

By | August 23, 2018

Now that more than half the year is gone, many banks are starting to look more closely at their new 2018 HMDA LAR requirements because they have adequate volume to do testing. TCA wants to share with you what we have found in doing preliminary HMDA LAR validations. Many of the issues we’ve seen are …

Amid Data Reporting Uncertainty, HMDA Risk Must Be Managed: Part 1—How is it Going? Read More »

fair with wooden blocks

The Expectation of Exceptions in the World of Fair Lending

By | July 17, 2018

Exception reporting is not new; all banks are required to report loan policy and loan documentation exceptions for Safety and Soundness. However, a new unwritten rule is fair lending exception tracking covering pricing and underwriting exceptions on consumer loan products. Whether it’s HMDA for banks with less than or more than 500 entries, regulators want …

The Expectation of Exceptions in the World of Fair Lending Read More »

trading graph

HMDA Reporting Requirements: Business Purpose Loans

By | July 11, 2018

The passing of Senate Bill 2155 adds another level of complexity to an already complex Regulation. The Bill exempts institutions that originate fewer than 500 closed‐end loans or open‐end lines of credit in each of the two preceding calendar years from reporting certain HMDA data points. This “relief” spurred the question, “What and how do …

HMDA Reporting Requirements: Business Purpose Loans Read More »

selecting audit button

TRID Rule Changes are on the Horizon

By | June 21, 2018

The Consumer Financial Protection Bureau (CFPB) has issued clarifications to the TILA RESPA Integrated Disclosure (TRID) rules last year. The clarifications are referred to as the 2017 Rule or the Final Rule and were published on August 11, 2017. We are alerting you again, because the mandatory compliance date is October 1, 2018. The CFPB …

TRID Rule Changes are on the Horizon Read More »

adjustable rate mortgage

Mortgage Servicing Rules – Successor in Interest Part 3 of 3

By | June 14, 2018

Effective April 19, 2018, the Successors in Interest provisions will go into effect under RESPA. It is critical that institutions have procedures developed to address potential and verified Successors in Interest, as well as train appropriate staff as to the requirements under the Regulation. Part 3 of 3 focuses on this provision; refer to Part …

Mortgage Servicing Rules – Successor in Interest Part 3 of 3 Read More »

adjustable rate mortgage

Mortgage Servicing Rules Part 2 of 3

By | May 9, 2018

Most of the provisions of the final 2016 Mortgage Servicing Rules took effect on October 19, 2017, with the remaining provisions effective April 19, 2018. In Part 1 of this series, we focused on the Definition of Delinquency, Requests for Information, Force‐Placed Insurance, Prompt Payment and Crediting, and the Small Servicer Determination. Part 2 of …

Mortgage Servicing Rules Part 2 of 3 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 Address

[email protected]

Office Location

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

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