News & Blogs

Transitioning from Small to Large Mortgage Servicer under the Servicing Rule

Is your institution preparing to transition from a small mortgage servicer to a larger mortgage servicer? Senior Compliance Consultant Jon Tavares provides guidance to understanding and managing the transition from small servicer to larger servicer status as set forth in the TILA-RESPA Servicing Rule under Regulations X (RESPA) and Z (TILA).

Mitigating Fair Lending Risks: Understanding Disparate Impact

Understanding and addressing disparate impact is crucial for ensuring fair lending practices. Read along with Jon Tavares as he dives into the concept of disparate impact, its implications for financial institutions, and strategies to mitigate associated risks.

Can compliance with SWIFT CBPR+ be a costly decision?

According to a recent global payments report by McKinsey, cross-border money movement generated about a quarter of a billion US dollars in revenue in 2022, an increase of 17 per cent from 2021. The number is expected to reach half a billion over the next few years. So yes, Cross-border payments are an essential business for banks.

Oh BOI! Another Resource on the Requirements of Beneficial Ownership – Part I

The Financial Crimes Enforcement Network (FinCEN) published the “Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements.” Senior Compliance Advisor Rachelle Dekker explains the first 2 sections of the Guide.

Temenos responds to public consultation on second batch of draft Technical Standards under the Digital Operational Resilience Act (DORA)

Recap on DORA First Batch of Technical Standards In our previous blog we addressed some of Temenos’ comments on the first batch of technical standards under DORA. These technical standards…

Understanding Civil Money Penalties

Senior Consultant Jon Tavares explains how Civil Monetary Penalties are considered a tool to enforce compliance and deter misconduct within the banking industry.

Steering your Staff and Sharing the Knowledge-Creating a Substantial Compliance Training Program

Senior Advisor Rachelle Dekker provides guidance on optimizing your institution’s compliance training and sharing the responsibility within your institution’s various departments.

FCRA – Credit Score Disclosures

Senior Compliance Advisor Matt Goble discusses the biggest challenge with FCRA --its notification requirements.

Regulatory Compliance - Experienced Women talking about work

Temenos submits comments to public consultation on draft technical standards under the Digital Operational Resilience Act

DORA is an EU regulation that creates a harmonized framework on information and communications technology (ICT) risk management, incident management, resilience testing and ICT third party risk.

Minding the Ps and Qs of Policy Writing

Senior Compliance Advisor Cindy LeBlanc, CRCM, provides tips for writing effective regulatory compliance policies.

Back and Forth on Age-Based Accounts: Navigating the Regulatory Maze

Senior Compliance Consultant, Jon Tavares, JD, LLM, discusses age based banking accounts and their UDAAP/UDAP risks in the ever changing regulatory environment.

Demystifying APY Calculations: Tiered Rate Accounts Explained

Senior Compliance Consultant Jon Tavares finishes up the 2 part series on Demystifying APY Calculations by explaining Tiered Rate Calculation requirements.

How APSN Can Spell UDAAP

Senior Compliance Advisor Sarah Highlander describes how the Approve Positive Settle Negative transactions can lead to UDAAP violations.

Demystifying APY Calculations: Stepped-Rate and Promotional Rate Accounts Explained

Senior Compliance Consultant Jon Tavares walks through the mystery of APY calculations for Stepped-rate and Promotional Rate deposit accounts.

Taking HMDA Speculation Out of Spec Homes

Many Financial Institutions are once again subject to HMDA reporting. Senior Compliance Consultant Shelly Nicholl provides guidance to assist those FI’s in clearing up the confusion on reporting construction loans to builders for spec homes.

Fair Lending Refresher

Fair Lending is a dangerous subject for Financial Institutions. Keeping staff trained and up to date on Fair Lending matters can mitigate risks of serious costly fair lending violations.

One Click, Go… Two Clicks, NO

Senior Compliance Advisor Elizabeth Greene clears up the confusion of when triggered disclosures can be one click away in electronic advertising.

Back to the Basics – Escrow: Part 2

Matt Goble, Senior Compliance Advisor discusses the very specific rules that a lender must follow in establishing and servicing an escrow account. These rules, found in Regulation X (RESPA) (12 CFR Part 1024.17) , govern all aspects of an escrow account established for a covered loan.

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