Blog

In honor of National Compliance Officer Day, Kimberly Boatwright has turned a familiar compliance exercise on its head: What happens when the person conducting the risk assessment is also the subject of it? The assessment below is entirely unofficial and written in good fun, but if the findings about crowded calendars, caffeine, and “just one more project” feel familiar, you’re probably in the right profession. ______________ The Compliance Officer Risk Assessment A Completely Unofficial Self-Assessment

*The views expressed are my own, are not legal advice, and are intended to encourage professional discussion regarding the CFPB’s Request for Information.   Modernizing TRID or Repeating History? Every generation of compliance professionals inherits regulations that feel burdensome. Some burdens deserve to be eliminated. Others exist because history taught us why they were needed. Looking back, I believe TRID accomplished something that isn’t discussed often enough. It didn’t simply change disclosure forms. Operations changed

With April being Financial Literacy Month, it is a great time to step back and reflect on the role financial institutions play in supporting their communities. Whether a bank or credit union, we have a responsibility to empower customers and community members with the knowledge and skills needed to manage their finances effectively. Through educational tools, promoting savings and offering tailored financial products, financial institutions can help improve credit scores, reduce financial risk and foster

On March 5, 2026, the Homebuyers Privacy Protection Act (HPPA) takes effect, introducing one of the most significant privacy-related changes to the mortgage ecosystem in recent years. For consumers, the promise is straightforward: fewer unsolicited calls and greater protection of sensitive financial information. For financial institutions, however, HPPA represents something far more consequential: A new layer of regulatory and supervisory exposure Fundamental changes to longstanding lead generation and marketing practices Potentially significant adjustments to vendor

Yesterday, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register a proposed rule that would revise certain provisions of Regulation B, subpart B, implementing changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB is proposing to: Raise the origination threshold for covered financial institutions from the current 100 small‑business credit applications (over two preceding years) to 1,000 such applications.