What is VCM?
VCM is an outsourced compliance management solution that delivers expert support and allows you to reduce your bank’s risk and expenses.
Through our VCM program, we provide short-term or temporary help and solutions to specific compliance management and support challenges you face. We also offer full or partnered management of your CMS.
For more than a decade, we’ve provided VCM solutions for countless banks with unique requirements.
When you’re a VCM client, we assign an experienced, qualified compliance professional to work with you and your team. That person also serves as your liaison, connecting you to all of TCA’s compliance professionals and subject matter experts.
Visits can be either onsite or offsite or in a combination that fits your needs. We can adapt quickly to overcome unanticipated obstacles, whether they stem from changes within your bank or the world at large.
VCM helps you reduce risk and delivers A Better Way to manage your compliance challenges quickly and affordably.
Key Deliverables Include:
- Support to develop, implement, and manage an effective CMS
- Keep management and staff abreast of critical regulatory changes
- Immediate advice on critical issues through your assigned VCM
- Monthly meetings to discuss ongoing compliance concerns, address action items, establish next steps
Want to learn more?
Please send an email to [email protected] or call 800-934-REGS for more information.
Compliance Insights
CRA Asset-size Thresholds Announced for 2023
The annual CRA asset-size thresholds for covered financial institutions were announced December 19, 2022 by the FDIC and FRB and on December 28 by the OCC applicable for 2023. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. […]
HMDA and HPML Thresholds Bumped Up for 2023
On December 28, 2022, the Consumer Financial Protection Bureau (CFPB) amended the Home Mortgage Disclosure Act (Regulation C) and the Truth in Lending Act (Regulation Z), adjusting the asset-size exemption thresholds for banks, savings associations, and credit unions. Like the CRA thresholds, the adjustments are pegged to the annual percentage increase in the Consumer Price […]
New Threshold Amounts for 2023 under Regulation Z CARD Act, HOEPA and QM Sections
Based on the 8.9% increase in the Consumer Price Index (CPI-W) in effect on June 1, 2022, the Consumer Financial Protection Bureau (CFPB) released a number of new thresholds which go into effect on January 1, 2023. They include: Additionally, these changes affected the HOEPA threshold amounts found under 1026.32 based on the 8.3% increase […]
Great Resignation Hits Banks, Threatens to Raise Compliance Risk
TCA’s VCM Service Offers Support If You’re Facing Personnel Challenges The great resignation has hit banks. Hiring and retaining personnel, especially those with specialized experience, is challenging for banks. That, coupled with other issues–a complex operating environment, greater cyber risk, and regulatory changes, for example –can raise your compliance risk. Those are some takeaways from […]
Considerations for Managing an Offsite Review
They say change is constant and that’s never been truer than now. In our current reality of sheltering in place and social distancing, each day presents new challenges and opportunities. TCA’s article “COVID-19 Business Impact: What Can You Do to Help?” focuses on how institutions can help customers during the current pandemic, and on the […]
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