Consumer Compliance Review

Transaction Testing

A bank's risk exposure to compliance varies with the bank size and the product types offered.  Staying in compliance with the multitude of state and federal banking regulations is a big challenge.  Our regulatory compliance experts will assist you with developing a compliance program, implementing new and existing regulations, evaluate your level of compliance and make recommendations for improving the effectiveness your compliance programs.  We also can customize training programs to optimize delivery of information to your employees.

When you engage us, our regulatory background and contacts provide the necessary knowledge to assist banks with any regulatory issue.  We have negotiated numerous enforcement actions and assisted many financial institutions in resolving their regulatory problems.

Our Consumer Compliance Review (Transactional Testing) will be conducted according to regulatory exam guidelines and cover a risk-based sample of transactions for the selected regulations and acts.  Commonly, our reviews will include transactional testing of, but not limited to, the following regulations and acts:

Lending Regulations and Acts

  • Regulation B – Equal Credit Opportunity Act
  • Fair Credit Reporting Act (§ 615 only)
  • Regulation U – Loans to Purchase/Carry Margin Stock
  • Regulation O – Loans to Insiders
  • Real Estate Settlement Procedures Act (RESPA)
  • Regulation Z – Truth in Lending Act
  • Flood Disaster Protection Act
  • Fair and Accurate Credit Transactions Act (FACT Act)

Operational and Miscellaneous Regulations and Acts

  • Regulation CC – Expedited Funds Availability Act (including Check 21)
  • Regulation DD – Truth in Savings Act
  • Regulation D – Reserve Requirements of Depository Institutions
  • Regulation E – Electronic Funds Transfer Act
  • Bank Protection Act (Minimum Security Devices and Procedures)
  • Regulation P – Privacy of Consumer Financial Information

Why Choose Unicon

We offer an independently managed, objective review, bringing a vast knowledge of regulations and connections to resources.