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

cloud computing image

What is the Cloud Part 2: Risk Appetite Discussion

By | April 11, 2018

The goal of my last article was to eliminate the mystery of the “Cloud” by breaking it into easy‐to‐understand building blocks. A key takeaway is that the cloud is not a single operating option; it has many building blocks. The blocks or choices have a significant impact on your bank’s risk exposure. To make it …

What is the Cloud Part 2: Risk Appetite Discussion Read More »

corporate social responsibility

CRA Celebrated its 40th Year—Look for Greater Emphasis on Community Development Efforts

By | March 28, 2018

The Community Reinvestment Act (CRA) celebrated its 40th anniversary in 2017. The Act was established to ensure banks were meeting the credit needs of the community they designated as their assessment or market area, which often was a circle around their branches. Passing a CRA exam was less troublesome since bankers only had to be …

CRA Celebrated its 40th Year—Look for Greater Emphasis on Community Development Efforts Read More »

home keyring in keyhole

HMDA Reporting for Loans Secured by Multiple Properties

By | March 16, 2018

We have received numerous questions about how to report multiple properties on the HMDA LAR for 2018. Quite frankly, it can be very confusing because some fields are reported on the property securing the loan and other fields are reported on the transaction. The commentary for §1003.4(a)(9) – 2 states the following: MULTIPLE PROPERTIES WITH …

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suspicious activity report

Making SAR Narratives Error‐Proof

By , | February 22, 2018

Each SAR field is entered into FinCEN’s searchable database, so law enforcement can pull information or run inquires to aid investigations into financial and other illicit crimes. That’s why SARs are crucial. The law enforcement agencies are your audience and they need to know the whole “story” since they were not actively involved in the …

Making SAR Narratives Error‐Proof Read More »

changes ahead signs

Is Regulatory Relief Finally Happening?

By | February 20, 2018

You may think the subject of regulatory relief is not a popular one here at TCA. However, even a firm which specializes in providing solutions to manage regulatory compliance risk understands the importance of commonsense regulations, especially for community banks. We watch the legislative agenda carefully for indicators of change, but if I had a …

Is Regulatory Relief Finally Happening? Read More »

wall street

Avoid Regulation DD Pitfalls When Disclosing Introductory Rates

By | February 15, 2018

Retail bankers have to confront a robust stock market, aggressive deposit acquisition strategies from growing firms, and maybe more than three Fed rate increases coming in 2018. Increasingly more creative methods are being used to attract deposit dollars. One such method is offering higher introductory rate products to catch attention while still holding down the …

Avoid Regulation DD Pitfalls When Disclosing Introductory Rates 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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