American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 4 days ago

New blog articles detected

  • CFPB Proposes Amendments to Regulation B

    By Gina Ellis, CRCM On April 4, 2017, the Consumer Financial Protection Bureau (CFPB) proposed amendments to Regulation B, the Equal Credit Opportunity Act (ECOA), to conform with the requirements for collection of race and ethnicity to those found in recent revisions to Regulation C, the Home Mortgage Disclosure Act (HMDA). The proposal would make... View Article The post CFPB Proposes Amendments...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Docs Direct/BankManager Elite

    By Benjy Cook, President             Electronic signatures are more widely accepted today especially in consumer and real estate transactions. Borrowers become annoyed when they are asked to sign multiple times to obtain a loan. American Bank Systems’ document management system BankManager Elite has been importing electronic documents that are signed electronically for many years. With... View Art...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • FinCEN SAR Stats – March 2017

    By Cody Roberts, CRCM Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury that is designated to safeguard the financial system from illicit use, combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. In particular, FinCEN... View Arti...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • FDIC Changes to CRA Notice

    By Elva Coffey-Sears, CRCM On January 18, 2017 the regulatory agencies published amendments to the CRA regulations reflecting adjustments to the asset size thresholds used to define small bank and intermediate small bank in the Federal Register. The FDIC also included amendments to its CRA Notice requirements reflecting two technical changes regarding the manner in... View Article The post FDIC Ch...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • OCC Reduction In Regulatory Burden

    By Gina Ellis, CRCM On December 15, 2016, the Office of the Comptroller of the Currency (OCC) issued News Release 2016-156 removing outdated or unnecessary provisions of certain rules. Among those is the financial disclosure requirement found in 12 CFR Part 18. Specifically, Part 18 requires national banks to prepare financial disclosure statements which include... View Article The post OCC Reduct...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Americans with Disability Act – Back in the News

    By Elva Coffey-Sears, CRCM The Americans with Disability Act (ADA) has had little press since it was signed into law on July 26, 1990 – at least until now. The ADA is designed to prevent discrimination against persons with disabilities and to provide them with equal access to employment, physical facilities, and goods and services... View Article The post Americans with Disability Act – Back in th...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Don’t Forget about the Bank Bribery Act

    By Cody Roberts, CRCM If you look at enforcement actions, you will see topics noted like BSA/AML, real estate lending and flood, capital adequacy, loan quality, UDAAP, and cybersecurity. The Bank Bribery Act will likely not be seen in such actions.  But this law is still in effect—and relevant. Background The Bank Bribery Act, 18... View Article The post Don’t Forget about the Bank Bribery Act app...

  • Annual Threshold Adjustments – 2017

    By Elva Coffey-Sears While it’s hard to predict what changes 2017 may bring to the compliance arena, the first of the regulatory changes to be integrated into your compliance program are the annual adjustments to the various regulatory thresholds. These thresholds are adjusted annually based on various consumer price indexes at defined times during the... View Article The post Annual Threshold Adj...

  • UPDATE TO REDESIGNED UNIFORM RESIDENTIAL LOAN APPLICATION

    By Gina Ellis In our blog post September 6, 2016, we discussed the revised Uniform Residential Loan Application Form (URLA). While the CFPB officially issued its approval of the form, Fannie Mae and Freddie Mac (the GSEs) have indicated the form should not be used until they establish final effective and mandatory compliance dates. So,... View Article The post UPDATE TO REDESIGNED UNIFORM RESIDENT...

  • Why Choose BankManager® Elite?

    Want to eliminate the need for your filing cabinets? Save time? Obtain more detailed easy-to-understand reporting? Upgrade your current system? Then BankManager Elite is for you! Still a comprehensive workstation for lenders and customer service representatives as with BankManager® Pro, BankManager Elite features a new and improved reporting engine, faster deployment across multiple desktops and a...

  • Calculating Days in CompliancePro

    By Cody Roberts Have you had to calculate timeframes for a Regulation CC hold notice? How long do you have to file a Suspicious Activity Report?  When do you need to send a Regulation B adverse action notice?  When looking at transactions in the past, has your compliance officer or auditor needed to be able... View Article The post Calculating Days in CompliancePro appeared first on American Bank ...

  • Revised Mortgage Servicing Rules

    By Elva Coffey-Sears The revisions to the Mortgage Servicing Rules under RESPA and TILA released by the CFPB on August 4, 2016 were (finally) published in the Federal Register (FR) on October 19, 2016, thus establishing effective dates of October 19, 2017 for the majority of the amendments, and April 19, 2018 for the amendments... View Article The post Revised Mortgage Servicing Rules appeared fir...

  • REVISIONS TO REGULATION E AND REGULATION Z COVERING PREPAID ACCOUNTS

    By Gina Ellis The Consumer Financial Protection Bureau finalized amendments to Regulation E and Regulation Z on October 5, 2016. The new requirements to provide additional consumer protections and disclosures to prepaid accounts are effective October 1, 2017. Prepaid account access devices or packaging material that are manufactured, printed or otherwise produced in the normal... View Article The ...

  • E-Sign with Digital Authentication versus Signature Pads

    Jay Bruce and Benjy Cook Digital authentication creates a unique alpha-numeric identifier for each signer in a transaction and places that identifier on every document, on the appropriate signature line, wherever that person’s signature is required. The identifier is also placed under the signature line of the Electronic Signature Consent Form that is signed by... View Article The post E-Sign with...

  • Compliance Risks from the OCC

    By Cody Roberts, CRCM Occasionally, a governmental agency issues a helpful document. Recent straw polls of compliance officers suggest this would not include the new Uniform Residential Loan Application–which now stretches to 7 pages minimum for a purchase loan (see our recent blog entry here on this form).  Nor would this include the Department of... View Article The post Compliance Risks from th...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 7 months ago

New blog articles detected

  • Calculating Total of Payments

    By Gina Ellis The Annual Percentage Rate Calculation Program (APRWIN) issued by the Office of the Comptroller (OCC) is an efficient tool for verifying annual percentage rates and reimbursement adjustments. The most recent version (v6.2 issued May 2008) includes applicable finance charge and APR tolerances for verifying the accuracy of annual percentage rates and finance... View Article The post Ca...

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 7 months ago

American Bank Systems, Inc.

Category: Content
Type: Blog Article

Generated 8 months ago

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