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Weak BSA program? You better have deep pockets!

Last Friday FinCEN released yet another “not so gentle” reminder of the importance of the Bank Secrecy Act and the penalties that can be assessed if a financial institution neglects to enforce it. FinCEN...

Some Good News…

I know it can sometimes seem that as soon as you have complied with a new regulation you turn around and there is yet a newer regulation that must be implemented. It feels like...

Ready, set, register!

As promised, the Nationwide Mortgage Licensing System and Registry (NMLS) website opened-up yesterday to Mortgage Loan Originators (MLOs) to begin the registration process!  The Federal financial regulatory agencies were supposed to publish an announcement...

An Early Hibernation

With the Chicago Bears journey to Dallas cut short in a crushing defeat at the hands of the Green Bay Packers, it appears as though my Sunday afternoons have been set free.  Now I...