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

senior man holding money

Combating Elder Financial Exploitation

By | February 8, 2018

On August 30, 2017, FinCEN issued a memorandum titled “Memorandum on Financial Institution and Law Enforcement Efforts to Combat Elder Financial Exploitation.” Elder Financial Exploitation is the improper use of an older person’s funds or assets. Assets can also include the older person’s property or belongings. When an older person is being exploited, it often …

Combating Elder Financial Exploitation Read More »

cloud computing image

What is the Cloud?

By | January 29, 2018

It’s not atmospheric, but the term is banner‐like: sky-borne and all powerful. Before we can discuss the hot topic of shared multi-tenant environment risk in our next article, we need to take a step back and address, “What is Cloud Computing?” Sure, the cloud is out there, somewhere in the unknown, or most likely hidden …

What is the Cloud? Read More »

data collection

Last‐minute 2018 HMDA Clarifications

By | January 17, 2018

The long-awaited deadline to begin collecting 2018 HMDA data is here! Banking agencies have issued HMDA guidelines on data testing and additional information on HMDA data collection. Also, the Consumer Financial Protection Bureau (CFPB) has clarified some interpretations as it has worked through numerous questions via phone calls and emails from filers. One of the …

Last‐minute 2018 HMDA Clarifications Read More »

aml

Never Too Much BSA Training

By | January 8, 2018

With new leadership at the CFPB, OCC and FDIC, one may put training expenditures on the back burner thinking regulatory relief may make training not an every‐year mandate. Until you see relief in a regulation or rule change, don’t make any assumptions because training exceptions are BSA Pillar violations. Remember, a pillar violation can trigger …

Never Too Much BSA Training 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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