The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) updated its Currency Transaction Report (CTR) Electronic Filing Requirements document in October 2019 and again modified these details in November
The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) requires financial institutions to file currency transaction reports (CTRs) for certain cash transactions, and many transactions are performed by persons
Since the inception of TILA-RESPA Integrated Disclosure (TRID) rules, many questions exist about how these regulations apply to construction loans. The Consumer Financial Protection Bureau recently released two companion guides
It is important to review your real estate valuation program, as it is fundamental to the value of your loan portfolios. Remaining apprised of real estate value fluctuations and obtaining
Your borrowers are your stock in trade; however, shopping around is a way of life for many Americans. Even a borrower who is content with your services could seek a
The FDIC recently released guidance regarding an on-going issue with processing transactions that could potentially be categorized as an unfair or deceptive practice. Examiners noted that some institutions have changed
Confusion exists among financial institutions regarding the 60-day customer liability window, which could lead to potential violations of the Electronic Funds Transfer regulation. FDIC examinations found that some financial institutions
