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11+ Banking Compliance Resources You

By: Harrison Shaw on January 9th, 2019

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11+ Banking Compliance Resources You'll Need in 2019

CRA  |  HMDA  |  Fair Lending  |  UDAAP  |  Risk Management  |  BSA/AML  |  Redlining  |  News & Tips  |  Banks

As 2019 heats up, we're focused on making sure that you have the resources you need to be successful. Here are 11 valuable compliance resources you'll want to bookmark. Make sure that you check back periodically. As time passes, we'll be updating this post with new content!The new year has just begun and, if you're like most people, you're focused on making sure that it's a great one for you and your financial institution. Part of that process is probably making sure that you're up-to-speed on all of the relevant compliance regulations, and prepared to manage the requirements in 2019. That's where this post comes in.

Here are 11 compliance resources that we think you'll find valuable as you prepare for compliance success in 2019.

And we're doing things a little differently this time; you'll be able to request some of these materials directly from this page! 

2018-compliance-pulse-report1. 2018 Compliance Pulse Survey

In December, we released the results of our survey of compliance professionals nationwide. The results of this survey were eye-opening. Hundreds of compliance officers, risk managers, and bank presidents told us about priorities, expectations, and concerns for the new year. (If you provided your insights, thank you!) One such insight: only 30% of respondents feel they have enough support from leadership.

Submit it here to get it today:

2. Federal Reserve’s Community Bank Connections Website

The Federal Reserve Board maintains a website full of great content for community bankers. From interesting articles to examiner perspectives, there is a lot of great material to digest.

You can access it for free here: https://communitybankingconnections.org/articles

3. CRA Ratings Search

This is a resource that you’re probably already familiar with: the online CRA ratings database. We use this one all the time. It's just a great way to gain detailed insights about how the regulators are approaching CRA compliance.

The tool itself is relatively easy to use and navigate. You can quickly sort through all of the data to quickly find CRA ratings, sorted by institution, exam year, rating, asset size, and other important metrics.

You can access everything here: https://www.ffiec.gov/craratings/default.aspx

4. The Ultimate Compliance Glossary

Last fall, we released this Ultimate Compliance Glossary. It contains the definitions for 200+ compliance key terms, all accessible for free. For example, here are just a few of the words defined that start with A: Regulation A, Regulation AA, Advertisement of Membership, Adverse Action & Adverse Action Notice, Anti-Money Laundering, Alternative Mortgage Transactions Parity Act of 1982, Annual Review, Applicant, and Audit.

You can just click the link to view it here: https://www.trupointpartners.com/ultimate-compliance-glossary

2018-hmda-changes-implementation5. HMDA Benchmark Report

You can gain clearer insight into your HMDA data by analyzing it compared to the national benchmarks. These national benchmarks will help you understand how your data compares to peer institutions, and provide valuable context to help you identify risk. In this free report, you can see the national benchmarks for 2017.

Get the report immediately:

6. Compliance Tools and Resources from the ABA

The American Bankers Association has gathered together a list of valuable resources for compliance professionals. It includes surveys, a compliance audit manual,  a state regulation tracker, and more.

You can view it here: https://www.aba.com/Compliance/Pages/ToolsResources.aspx

7. The CFPB’s Consumer Complaint Snapshot

In October, the CFPB released their Consumer Complaint Snapshot report. This report is a summary of the complaints they receive from consumers over the course of a year. For example, in this report, you’ll learn that in the period between January 2015 and June 2018, most complaints came from California.  

You can check out the whole report here: https://www.consumerfinance.gov/data-research/research-reports/complaint-snapshot-50-state-report/

8. A Quick Guide to CDD and Beneficial Ownership

In this free resource, we outline some of the basics of Customer Due Diligence and Beneficial Ownership. You’ll learn the key requirements, changes to expect, and more in this free eBrief. Plus, you’ll get links to other BSA/AML-related resources.

You can view it immediately here:

CRA-Info-Kit9. CRA Compliance Info Kit

We recently released this great little resource, which outlines a lot of good information about the Community Reinvestment Act and compliance requirements. It also describes how CRA and Redlining are related, the impact of Fair Lending on CRA and vice-versa, and much more. Particularly now that CRA modernization is on the horizon, this is a good resource for compliance pros involved in CRA compliance.

Get it here:

10. Regulatory Compliance Resource List from the NCUA

The National Credit Union Administration has a collection of pages dedicated to Consumer Compliance resources. There are 8 pages full of resources: Recently Added Resources, Additional Consumer Compliance Resources, Consumer Credit Resources, Deposit Resources, Dodd-Frank Act Mortgage Lending Resources, Fair Lending Compliance Resources, Flood Insurance Resources, and Service Member Lending & Credit Resources.

There are lots of non-Consumer Compliance resources from the NCUA here that you may also find valuable.

11. 7  Steps to Take After Filing HMDA

Get this free checklist to learn the seven steps you need to take after you file HMDA data. Use it to get a quick sense of your Fair Lending compliance program’s strength, and identify potential gaps. Plus, since it’s a quick one-pager, you can easily print and share it with colleagues!

Get it here:

TRUPOINT Viewpoint: We hope you find these valuable! Almost all of the TRUPOINT-created resources linked here were created this year, and we're looking forward to providing even more great content in 2019. Please let us know if you have any questions or comments about any of the above, or would like more resources about something we didn’t cover here.

As always, know that we are here to help you with your compliance and growth goals!

In the meantime, here is a bonus 12th resource that you may appreciate:

Free Social Media Compliance Checklist!

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About Harrison Shaw

After graduating from Clemson University, I moved to Charlotte, NC, where I live now with my fiance and our dog. My favorite part of my job is building relationships and getting to know people - it's energizing to hear from new folks all over the US. Outside of work, I enjoy doing anything outdoors, from competitive rock climbing to backpacking, mountain biking, fly fishing, etc. On a recent backpacking trip through the Nantahala National Forest, I came (literally) face-to-face with a black bear in the dead of night.