BREAKING THE COMPLIANCE PARADIGM & CREATING A CULTURE OF YES
October 08, 2018

by Angela Lucas, Sterling Compliance

We are all products of “No.” Think about it. From a very young age, we are told “No.” “No, you cannot climb those stairs.” “No,...

TRID: Separation of Consumer and Seller Information
October 02, 2018

by Angela Lucas, Sterling Compliance

We continue to get questions on this and are still seeing violations in TRID compliance reviews we conduct for banks, so it seemed appropriate to...

Small Bank Community Reinvestment Act
September 25, 2018

The Community Reinvestment Act was enacted by Congress to require the banking agencies to assess if the financial institutions were meeting the credit needs of the local communities in which...

Springhouse Compliance Delivers Affordable, High-Quality Compliance Education And Audit Management Solutions
September 24, 2018

Springhouse Compliance president Starr Largin was interviewed recently by Superb Crew on Springhouse Compliance's banking compliance education and audit management solutions.  Here is the article below:

The founders behind

Marijuana, ATMs and Risk
September 17, 2018

While there is rhyme and reason to the how and when a compliance exam is scheduled, sometimes it seems like every bank is getting hit at one time…and that time...

Introducing COMPLYNOW, A Compliance Journal from Springhouse Compliance
September 12, 2018

We're excited to launch our first issue of COMPLYNOW, our quarterly compliance journal. This quarter's issue contains the following articles:

  • Is Your Bank Disaster Ready?
  • TRID Changes: A Movie Or A Soap...

REGULATORY RELIEF BILL PASSED…WHAT’S THE IMPACT?
September 10, 2018

While the President signed the regulatory relief bill many have been anxiously awaiting, it stops well short of a repeal of the Dodd-Frank Act trumpeted by the GOP on the...

Springhouse Compliance Enhances Compliance Education Platform with Gamification
September 06, 2018

BIRMINGHAM, Alabama, September 6, 2018 – Springhouse Compliance (www.springhousecompliance.com), a leading provider of compliance and audit solutions to financial institutions, announced today that it has enhanced its FiHub compliance...

Embracing Social Media or Not...Facebook For MLOs
September 04, 2018

It seems signs of social media are everywhere you look these days. You see the recognizable “F” icon for Facebook, the happy little Twitter bird, the blue and white square...

FAIR LENDING: UNDERSTANDING YOUR RISK
August 27, 2018

We think it’s safe to say that our community banks, by and large, do not set out to discriminate against minorities in their lending practices.  Perhaps it is a little...

ANOTHER TRID AMENDMENT FINALIZED!
August 20, 2018

by Sterling Compliance

As you may recall, when the CFPB finalized the TRID amendment last July to formalize many of the clarifications and informal guidance that they had put...

Former Bank CEO Named to Executive Sales Position with Springhouse Compliance
August 16, 2018

BIRMINGHAM, Alabama, August 16, 2018 – Springhouse Compliance, a leading provider of compliance and audit solutions to financial institutions, has named experienced bank CEO Rex Yarborough as executive vice president...

Managing Credit Risk Ahead of a Crisis
August 14, 2018

by Kenneth Proctor, Cadre Strategic Risk Management

Former NBA basketball play Vlade Divac once said; “We all get heavier as we get older because there's a lot more information in...

(Unprofitable) Deposits: Echoes of The Thrift Crisis?
August 10, 2018

by Howard Lothrop, Echo Partners

Ever notice how widely-held beliefs can, in retrospect, seem so obviously incorrect?
 
For instance, take the Thrift Crisis. For decades bankers (and regulators) acted as if...

Analogy To Risk Assessment
August 09, 2018

I am known to drive quite the collection of vehicles, from antique to modern and there are quite significant differences in the range. Give me the antique anytime in an...

Are You Looking? - Trid
August 09, 2018

Without exception the major assets in our lives require looking at from time to time. With investments, you need to periodically change the investment direction. On your home it pays...

"Barney's First Car" and Use of Bank Technology
August 09, 2018

We all love "The Andy Griffith show". I bet a lot more folks have watched that show than any other reality show and folks just keep on watching it. The...

All Things Need A Good "Once Over" From Time To Time – A Few BSA "Once Overs"
August 09, 2018

I cannot think of anything other than something disposable that does not need a "once over" from time to time.

Wise folks get a "once over" with their doctor in terms...

Contracts Are Required Reading For Compliance Officers
August 09, 2018

One of the most common questions people often ask as an attempt to make conversation to get to know a person is, "What is the last book you read?".

For some...

Don't Ignore the Wiring
August 09, 2018

One of my hobbies away from compliance is the restoration and maintenance of a small collection of classic vehicles which I have purchased or inherited over the decades. One of...

Football Time and Vendor Selection
August 09, 2018

Growing up in Clemson S. C. and a graduate of that institution many years ago, I tie many events to football. In the South, be it Clemson or Alabama, or...

If It's Not There, You Are Not Looking
August 09, 2018

Politics aside, there is no doubt that some politicians like to "throw the baby out with the bathwater" when it comes to the regulatory burden on banks for self-political gain....

Is Anyone Paying Attention
August 09, 2018

At lunch one day recently, I decided to call a financial institution to ask a very simple question relative to an advertised account. Naturally I got the call center (as...

It Could Really Cost Later - Bank Compliance
August 09, 2018

One of the things I hear from some compliance officers is, "No way can I consider purchasing a BSA/AML monitoring software, an independent review, training, etc., management just does not...

It Just Keeps Getting Clearer As We Go Along - Beneficial Ownership
August 09, 2018

We've all hopefully been to an eye exam. I just had my appointment the other day. What a great and fun profession. You have a patient sitting there and you...

It Just Keeps Getting More Useful - ESIGN Act
August 09, 2018

Most all of us are quite familiar with the evolution of the mobile phone/cellphone/smartphone. The base concept has been around now, believe it or not, since approximately 1973, with the...

"It's A Wonderful Life" and CRA
August 09, 2018

It always irritates me that these days you can go in a store and come September 1st and maybe earlier they have begun the process of holiday displays and come...

It's All About CSR Organization
August 09, 2018

No matter the objective, the best way to accomplish it is to be organized. Being a typical guy, when it comes to organization at home, we are only trained at...

Let's Talk About Risk
August 09, 2018

In my days of playing youth sports, it was well known that if you hit the ball to me, my eyesight was so bad, I would likely drop the ball...

Little Things Neglected Can Become Big Things - Reg O
August 09, 2018

For all of my banking career there has been Regulation O. As a young guy when I was in college, all the news was focused for a period of time...

Love That Strawberry Pie
August 09, 2018

Over my career I have seen my share of frauds. From day one, working in the audit department of my first bank fresh out of college, one of my first...

Making It Accessbile To All - ADA
August 09, 2018

Last night in the grocery store at the ice cream freezer (certainly not an area in the grocery I need to frequent, but tempting in the hot, humid South), I...

New HMDA - A Multi-step Process
August 09, 2018

No matter what you do, everything is a multi-step process that involves doing the steps and testing them before you have an issue. Just recently I did an oil change...

Recognizing A Complaint
August 09, 2018

You would think this would be a silly article to even write. After all, in our complaint filled society who would not recognize a complaint – "The weather is too...

Servicing Provisions For the Small Servicer
August 09, 2018

As anyone who deals with their own vehicle maintenance to any degree realizes, part of the trick is figuring out what does and does not apply to your particular vehicle....

Social Media and Bank Compliance/Security
August 09, 2018

Growing up in a small town in South Carolina, little did I know that in my days of childhood, we were into social media, cutting edge and ahead of our...

Superman (Or Woman), Needed Everywhere
August 09, 2018

Regardless of the era, we all remember the "Superman" character. Everyone was looking for the identity of who was actually Superman. It was good old Clark Kent, always there to...

Take Some Time To Take A Fresh Look At Your Compliance Program
August 09, 2018

We are in the thick of summer and when things are this hot, it seems like time just moves more slowly. After you celebrate our nation's birth on July 4th,...

The Information Keeps Rolling Out - Beneficial Ownership Latest News
August 09, 2018

As we go through our daily lives, the potential flow of information and conflicting information is never ending. One day coffee is good for you and will enable you to...

The Others Will Take Care of Themselves
August 09, 2018

I was so lucky to have the Dad I did growing up. I did not always think it at the time, but now appreciate him, though it has been years...

The Shell Game and Beneficial Ownership
August 09, 2018

We've all seen the famous shell game a million times. As an example, a person puts say a marble under one of four shells, moves the shells around, and when...

There Is Always A Need to Understand The Basics
August 09, 2018

As a youth growing up, my dad, a man of few words, always stressed to me understanding the basics. Right off in life, one of the basics you understood was...

They're Serious About This, Folks
August 09, 2018

As a youth, I could always tell when my dad was really serious about something versus when he was not. Some things he might say something about, but you knew...

Time To Remember The Basics - Flood Insurance
August 09, 2018

I just left the parking lot of our country's best known big box store. Being in the mood for a bit of 21st century mischief, I had just completed paying...

To Sell It You Have To Promote It - Community and Economic
August 09, 2018

Just the other day, I was in my local pharmacy getting a prescription filled and the pharmacist mentioned to me about the new shingles vaccine that was 97% effective versus...

Today You Always Have To Update
August 09, 2018

Life used to be so much simpler. Whoever heard of updating in those childhood years of decades ago. You simply replaced whatever when it no longer worked or the cost...

Top Ten Ways To Prepare For A Compliance Exam
August 09, 2018

There are many things throughout our lives we dread. One of the earliest I remember is, "Wait 'til your father gets home!" You knew you were in for it for...

What Ingredients Make a Good Policy?
August 09, 2018

The holidays are times for special meals and the cooks all have their special ingredients. Years ago, during the holidays my grandmother made fruitcakes and always had to go to...

What Is Our Goal In The End
August 09, 2018

No matter the task, to be successful at that task you always need to keep in mind what exactly is your goal in the end. Henry Ford in his day,...

ARE YOU LOOKING? – TRID By James Atkinson
July 17, 2018

Without exception the major assets in our lives require looking at from time to time.  With investments, you need to periodically change the investment direction. On your home it pays...