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Yearly Archives: 2022

10 Jun
2022
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Compliance Priorities for 2022

Compliance Priorities for 2022 Every new Administration brings new expectations. The Trump administration oversaw a halt in new regulation, and a review of existing ones. The Biden administration has focused on equity and fairness; diversity, equity, and inclusion; climate change; …

Evelyn Dehmey

19 May
2022
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FLOOD FAQS UPDATED!

FLOOD FAQS UPDATED! After years of flood insurance regulatory changes, the agencies finally released an updated Flood FAQ that consolidates existing FAQs (from 2009) with those proposed in July 2020 and March 2021 into one set of questions as of …

Evelyn I. Dehmey

20 Apr
2022
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Overdraft Best Practices Are Changing

Overdraft Best Practices Are Changing Over time, overdrafts have evolved from an occasional, courtesy event to automated programs generating millions in revenue. Consumers aren’t managing their checkbooks (if they even have them any longer) the way they once did.  Younger, …

30 Mar
2022
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Effects of Trustmark Redlining

Effects of Trustmark Redlining Trustmark Bank, a $17 Billion bank in Memphis, Tennessee, agreed to pay a civil money penalty of $5 million to the CFPB and $4 million to the OCC as settlement in a redlining case.  This was …

Evelyn I. Dehmey

18 Mar
2022
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Appraisal Bias

Appraisal Bias An African American couple purchased a home and worked hard to fix it up.  They sought to refinance, and the bank ordered an appraisal.  Normal process, right?  Then comes the kicker.  A Caucasian appraiser valued the home at …

Evelyn I. Dehmey

07 Mar
2022
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What’s the Deal with Fees?

What’s the Deal with Fees? Recently, there seems to be a lot of chatter coming from regulators about fees. So, what’s up with that? It started with Overdraft Fees. In December 2021, the CFPB blogged that banks are deeply dependent …

Evelyn I. Dehmey

16 Feb
2022
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The Corporate Transparency Act – Help Is on The Way

The Corporate Transparency Act – Help Is on The Way (But It’s Still A Long Way Off) On May 11, 2018, financial institutions were required to comply with the final CDD rule issued by the Financial Crimes Enforcement Network (FinCEN) …