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
A Refresh on Regulation B’s Special Purpose Credit Program
On April 26, 2022, Wolters Kluwer conducted a webinar “Special Purpose Credit Programs: Everything You Always Wanted to Know”. The speakers included: Patrice Ficklin, Fair Lending Director of the Consumer Financial Protection BureauPamela Perry, Vice President, Single-Family Equitable Housing, Freddie MacKenneth Scott, CitibankAnand Raman, Skadden Arps The speakers discussed the credit needs of individuals, especially […]
Regulatory Updates – Second Quarter 2022
Below is a link to the Regulatory Updates as of the end of Q2. TCA provides A Better Way for you to track Compliance updates and keep your organization on track. You can download the updates in a PDF form here. As always, TCA is here to help with A Better Way to answer all […]
Identifying Higher Risk Customers using Keyword Searches
Financial institutions are facing increased regulatory pressure on Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, particularly regarding inherently higher-risk customer types. CDD is critical to identifying and monitoring customers involved in higher-risk activities. Identification of higher-risk customers starts at account opening and your account opening procedures should incorporate this due diligence. Some […]
Regulatory Updates – First Quarter 2022
Below is a link to the Regulatory Updates as of the end of Q1. TCA provides A Better Way for you to track Compliance updates and keep your organization on track. You can download the updates in a PDF form here. As always, TCA is here to help with A Better Way to answer all […]
CFPB’s UDAAP Is Seriously Looking for Illegal Discrimination Practices
The Consumer Financial Protection Bureau (CFPB) announced on March 16, 2022, the added scrutiny of illegal discriminatory practices within its examination procedures for Unfair, Deceptive, Abusive Acts and Practices (UDAAP). The CFPB considers that illegal discrimination practices based on services or products can cause consumer harm; therefore, UDAAP should be included with the other Fair […]
Regulatory Updates – 2021
It’s challenging for every Compliance professional to stay on top of the small and big changes to existing and new regulatory requirements. As you partner in compliance, we are introducing a new feature to our Regulatory Compliance Manager (RCM) Service – Quarterly Regulatory Updates. This is A Better Way for you to keep track of […]
