Specialties
Data Validation
Regulatory Assessment Assistance
Audit Co-Source
Periodic Compliance Quality Control
System Conversion Validation
Compliance Guidance When and How You Need It
Supporting you with in-depth skills and experience when you need an extra dose of expertise or need help with a last-minute crisis.
Miscellaneous projects and last-minute crises arise at every bank, and sometimes you need a couple of extra hands.
We're here to help you satisfy the requirement for examination reports, whether you feel confident that your program is on target and want assurances that your strategy is on track, or you worry that some aspects of your program are lacking.
Whether your team is focused on higher priorities or you need a dash of additional expertise, TCA brings you à la carte services in several categories.
Even better, we serve them up with the systematic approach that you expect from TCA.
They include:
Risk Assessment Assistance
Physical growth and expanded services are a terrific way to serve your customers and communities and build your bank.
But adding new branches and rolling out new products and services carry a risk that you need to identify first.
We consider both the big picture and the tiny moving parts of your plan to pinpoint potential trouble spots so you can address them before you cut the ribbon on your new building or launch new suites of products.
We can conduct the entire risk assessment on your behalf or field questions and act as an advisor.
Since our team has guided numerous banks—both large and small and in multiple markets and product categories—in their growth, we bring an informed, fresh perspective.
Audit Co-Source
Staffing shortages? Competing priorities?
TCA can help fulfill any of your audit commitments in all areas of consumer compliance whenever you're struggling to meet your audit deadlines.
Define your needs and preferences. Then, we’ll get the work done.
Periodic Compliance Quality Control
When you're selling to investors, you already know about the requirements for quality control.
But have you also considered a robust consumer compliance review?
You can expect us to scrutinize your files – running them through the alphabet regs, searching for red flags, and identifying potential deficiencies.
We’ll check off all the boxes for you, tell you about potential trouble spots, and explain how to protect your bank.
System Conversion Validation
It's always smart to validate the system whenever you roll out a new core or loan origination system so that documents, disclosures, notifications, and statements meet regulatory requirements.
We can step in to review system output and verify that the hundreds of responses to questions about products and services are correct and that the appropriate codes were selected.
TCA’s A Better Way ensures that you have the right resources and system capabilities in place that will support your growth and success.
Key deliverables include:
- Helping you to develop compliance plans that allow you to satisfy requirements for examination reports.
- Providing full-service or à la carte assistance when and how you need it.
- Bringing you best practices and extra know-how when you’re short on time or staff.
- Delivering peace of mind that your strategies, processes, and procedures are appropriate to your bank's risk.
Compliance Consulting Insights
CRA Asset-size Thresholds Announced for 2023
The annual CRA asset-size thresholds for covered financial institutions were announced December 19, 2022 by the FDIC and FRB and on December 28 by the OCC applicable for 2023. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. […]
HMDA and HPML Thresholds Bumped Up for 2023
On December 28, 2022, the Consumer Financial Protection Bureau (CFPB) amended the Home Mortgage Disclosure Act (Regulation C) and the Truth in Lending Act (Regulation Z), adjusting the asset-size exemption thresholds for banks, savings associations, and credit unions. Like the CRA thresholds, the adjustments are pegged to the annual percentage increase in the Consumer Price […]
New Threshold Amounts for 2023 under Regulation Z CARD Act, HOEPA and QM Sections
Based on the 8.9% increase in the Consumer Price Index (CPI-W) in effect on June 1, 2022, the Consumer Financial Protection Bureau (CFPB) released a number of new thresholds which go into effect on January 1, 2023. They include: Additionally, these changes affected the HOEPA threshold amounts found under 1026.32 based on the 8.3% increase […]
Regulatory Updates – Third Quarter 2022
Below is a link to the Regulatory Updates as of the end of Q3. TCA provides A Better Way for you to track Compliance updates and keep your organization on track. You can download the updates in a PDF form here. As always, TCA is here to help with A Better Way to answer all […]
Do you Remember? HMDA – Reporting Open-End Lines of Credit
It’s time for a trip into the Way-Back Machine, all the way back to April 16, 2020, when the Consumer Financial Protection Bureau (CFPB) issued a final rule amending Regulation C. This amendment permanently raised the closed-end coverage threshold from 25 to 100 closed-end mortgage loans in each of the two preceding calendar years. The […]
Renewed Focus on Overdraft and “Junk” fees
One of the consequences of shrinking interest rates and interest margins is that financial institutions’ reliance on non-interest income has significantly increased over the last decade. The Consumer Financial Protection Bureau (CFPB) published an initiative on January 26, 2022 stating its intention to research the impact of fees on American consumers. The press release specifically […]
