Bank Compliance Review

Our compliance consulting services are designed to meet the ongoing demands of regulatory requirements, filings and deadlines of smaller financial institutions. 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.

Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, Customer Information Program/314(a) Information Sharing, SARs, Regulation GG 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 with regard to BSA/AML are:

  • Risk assessment
  • Policy and procedure review
  • Independent testing
  • Training
  • Transaction monitoring and review
  • Suspicious Activity Reporting (SAR) testing
  • Look-back projects

Bank Secrecy Act (BSA), Anti-Money Laundering (AML) Third Party Model Validation

BSA/AML model validations are essential for both financial institutions and regulatory bodies to ensure that AML models are working as intended and regulatory requirements are being met.  Our review will consist of the following three components:

  • Conceptual Soundness
  • Ongoing Monitoring
  • System/Outcome Analysis

Compliance Management System (CMS) Review

A Compliance Management System (CMS) is a cohesive framework comprising documents, processes, tools, internal controls, and functions designed to facilitate an Bank’s compliance with legal and regulatory obligations.  We can assist Bank is reviewing the following components

  • Board and Management oversite
  • Policies and Procedures
  • Training
  • Monitoring and Audit
  • Consumer complaint response

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 you ensure that your practices will pass examination by providing the following services:

  • Lending performance assessment (Home mortgage, Small business, Consumer loan portfolio)
  • Training
  • HMDA and CRA data integrity testing

Customized Compliance Program 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.

  • Risk assessments
  • Compliance program development
  • Monitoring and testing
  • Policy and procedures
  • Regulatory updates
  • Training
  • Exam assistance
  • Written reports and findings to management

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:

  • Fair lending risk assessments
  • Comparative file reviews
  • Transaction testing
  • Training
  • Policy and procedure reviews


No compliance program is complete without having the proper training in place. Compliance is constantly changing and TCC Consulting Services can help you and your staff meet ongoing regulatory compliance educational needs. From new-hire training, compliance updates, training on complex issues or on-going training needs, we can provide a training solution that fits your specific needs in all areas of regulatory compliance.

Regulatory Compliance Reviews

Regulation B – Equal Credit Opportunity Act
Regulation C – Home Mortgage Disclosure Act
Regulation D – Reserve Requirements for Depository Institutions
Regulation E – Electronic Funds Transfer act
Regulation F – Limitation on Interbank Liabilities
Regulation M Consumer Leasing Act
Regulation O /Regulation W – Insider activity
Regulation P – Privacy of Consumer Financial Information
Regulation U – Credit by banks or persons other than brokers or dealers for the purpose of purchasing or carrying margin stocks
Regulation X – Real Estate Settlement Protection Act
Regulation Z – Truth in lending
Regulation AA – Unfair or Deceptive Acts or Practices
Regulation CC – Expedited Funds Availability Act
Regulation DD – Truth in Savings Act
Regulation GG – Prohibition on Funding of Unlawful Internet Gambling
Adjustable Rate Mortgage (ARM) Loans
Advertising Requirements
Americans with Disabilities Act
Bank Bribery Act
Bank Protection Act
Branch signage review
Commissions or Gifts for Procuring Loans
Consumer Complaints
Disclosure of Financial and Other Information
Lending to Military Personnel
Fair Credit Reporting Act
Fair Housing Act/ Fair Housing Home Loan Data Systems
Flood Disaster Protection Act
Homeowners Protection Act (HOPA)
Interest on Deposits
Interest on Loans (Usury Law)
Interest Rate Restrictions on Insured Depository Institutions That Are Not Well Capitalized
Investment Securities Regulation
Lending Limits
Loans Secured by Bank Stock
Loans Secured by Own Stock
Model validation
Overdraft Protection Program
Real Estate Loans
Regulatory Reports
Retention of Credit Files and Extensions of Credit
Right to Financial Privacy Act
S.A.F.E. Act