Compliance Services
Financial Institution are facing more regulatory burden. TCC Consulting Services' compliance consulting professionals can complement your internal compliance staff on an outsourced basis, periodically update and train your staff on new developments, or handle all regulatory compliance needs for your institution.
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Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, Customer Information Program, 314(a) and (b) Information Sharing, Regulation GG, Suspicious Activity Reporting and Record Retention reviews
The Bank Secrecy Act (BSA) was enacted by congress to prevent banks from being used as intermediaries in money-laundering schemes. Our services regarding BSA/AML are:
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Risk assessment
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Policy and procedure review
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Independent testing
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Training
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Transaction monitoring and review
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Suspicious Activity Reporting (SAR) testing
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Look-back projects
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Community Reinvestment Act (CRA)
The Community Reinvestment Act passed in 1977 and has been updated no less than nine times since that time and is currently under review again; however, it does not list specific criteria for evaluating the performance of financial institutions. Rather, it directs that the evaluation process should accommodate the situation and context of each individual institution. We can help ensure your practices will pass examination by providing the following services:
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Training
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HMDA and CRA data integrity testing
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Customized Compliance Program and Review Services
TCC Consulting Services can provide a compliance program that is tailored to the unique needs of your financial institution. We provide the tools and resources needed to ensure a strong compliance position along with the appropriate level of compliance support for your institution.
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Risk assessments
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Monitoring and testing
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Policy and procedures reviews
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Regulatory updates
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Exam assistance
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Written reports and findings to management on the following compliance areas as requested by the Financial Institution:​
Loan Compliance
Appraisal Standards
Commission or Gifts to Procure Loans (Bank Bribery Act)
Fair Credit Reporting Act/ Fair and Accurate Credit Transactions
Fair Debt Collections
Fair Housing Act
Flood Disaster Protection Act
Home Ownership Protection Act
Interest on Loans
Lending Limits
Lending to Service Members
Retention of Credit Files and Extension
Regulation B – Equal Credit Opportunity Act
Regulation C – Home Mortgage Disclosure Act
Regulation BB – Community Reinvestment Act
Regulation O – Insider transactions
Regulation X – Real Estate Settlement Procedures Act (including TRID)
Regulation Z – Truth in Lending Act
SAFE Act
Unfair, Deceptive or Abusive Acts or Practices (UDAAP)
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Deposit Compliance
Advertisements
Americans with Disability Act
Bank Bribery Act
Bank Protection Act
Branch Closing Policy Statement
Consumer Complaints
Elder Abuse Policy
Interest on Deposit
Privacy of Consumer Information
Regulation CC – Availability of Funds and Collection of Checks
Regulation DD – Truth in Savings Act
Regulation E – Electronic Funds Transfer Act
Regulation F – Limitation on Interbank Liabilities
Right to Financial Privacy Act​
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Fair Lending Reviews
TCC Consulting Services can assist in the discovery of uneven customer service or inconsistent lending practices that may be interpreted as discriminatory. Our service enables you to compare the treatment of loan applicants, identify differences, prevent and correct potentially discriminatory practices, and assure equal access to loans through the following services:
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Fair lending risk assessments
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Comparative file reviews
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Transaction testing
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Policy and procedure reviews