REGULATORY COMPLIANCE SERVICES for Financial Institutions
TRUPOINT PARTNERS Regulatory Compliance Services for Financial Institutions THIS IS SMART COMPLIANCE. TRUPOINT PARTNERS PROVIDES COMPLIANCE SOLUTIONS TO MORE THAN 500 FINANCIAL INSTITUTIONS NATIONWIDE. OUR EXPERIENCED TEAM IS READY TO HELP YOU ADDRESS YOUR REGULATORY CHALLENGES. TRUST THE EXPERTS AT TRUPOINT. RISK ASSESSMENTS + DATA ANALYTICS + REPORTING + PROGRAM MANAGEMENT + CONSULTING + AUDITS + COMPLIANCE DUE DILIGENCE TRUST EXPERIENCE Increased federal oversight, ever-evolving regulations, and limited resources can make compliance challenges seem daunting. The experienced team of professionals at TRUPOINT Partners will help you address these challenges with clarity and confidence. We pair sophisticated digital tools with exceptional client service and tested compliance expertise to offer actionable compliance insights. Our team specializes in Fair Lending, HMDA, CRA, BSA/AML and UDAAP, and work with community banks, mortgage lenders and servicers, auto lenders, credit unions, and alternative payment providers. Some of our most popular solutions are Fair Lending data analysis, regression analysis, CRA GeoAnalysis, and risk assessments more. Let TRUPOINT Partners help relieve your compliance pressure with efficient, cost-effective regulatory compliance solutions. CONSUMER COMPLIANCE REVIEW Our comprehensive consumer compliance review uses a risk-based approach to provide an assessment of an institution s compliance with the federal consumer protection regulations. This review will simulate the consumer compliance exam performed by federal regulators. It will conduct testing to review the financial institution s adherence with applicable consumer protection laws, regulations and supervisory guidance. This is an excellent way of monitoring continued compliance to ever-evolving regulations, and ensure regulatory readiness. In order to provide your financial institution with the most value, we always recommend changes with efficiency and cost-efficacy in mind. Lending Compliance Support Flood Disaster Protection Act Regulation V (Fair Credit Reporting Act) Regulation Z (Truth in Lending Act) Regulation B (Equal Credit Opportunity Act) Regulation C (Home Mortgage Disclosure Act) Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) Homeownership Counseling Act Fair Housing Act Homeowners Protection Act Talent Amendment Regulation X (Real Estate Settlement Procedures Act) Regulation AA (UDAAP) Service-members Civil Relief Act Fair Debt Collection Practices Act Preservation of Consumer Claims
Deposit Compliance Support Regulation CC (Availability of Funds) Regulation DD (Truth in Savings) Regulation E (Electronic Fund Transfer Act) Interagency Guidance on Overdraft Protection Plans Regulation D (Interest on Deposits) Other Rules, Policies, and Statutes Regulation M (Consumer Leasing) Regulation P (Privacy of Consumer Financial Info) Regulation GG (Illegal Gambling) Right to Financial Privacy Act Advertising / Website / Signage / Disclosures E-Sign Act You will receive a confidential report after each review that includes observations about which compliance functions are working, and provides guidance on how to keep it that way. We also provide insight about areas in need of additional focus, and suggestions about what steps to take. FAIR LENDING & HMDA SERVICES Fair Lending Analysis (Comparative Analysis, Matched Pairs, Regression) Each TRUPOINT Analytics reporting suite will be presented in detail with a review led by an experienced compliance consultant. Fair Lending HMDA Analysis: Compare your HMDA data for disparate impact. Peer HMDA Analysis: Compare your financial institution to others in your market(s). Non-HMDA Analysis: Analyze your non-hmda data through the use of surrogates that assign gender and ethnicity to your data. Regression Analysis Regression Analysis is a powerful tool for Fair Lending Compliance. Regression can identify whether race, gender, ethnicity and other prohibited bases factored into the decision to make or price a loan. Contact us to see if it s right for you. Compliance is a concern of the management, boards, and stakeholders of financial institutions. Risk Assessments Identify weaknesses within your Fair Lending Compliance Management Program through a comprehensive review of your risk exposure. We follow the Interagency Fair Lending Examination Procedures. We offer two ways to identify your risk: our self-paced risk assessment tool, TRUPOINT RiskCheck, or with a consultant. We will review credit operations; compliance history; assess policies and procedures; review underwriting and pricing process; training; monitoring procedures; analytical procedures; review steering and redlining risks; and examine service and loss mitigation risks to ensure readiness for your next exam. Your risk assessment will be customized based on the regulatory requirements, asset size and complexity of your institution. HMDA LAR Scrub Service HMDA data verification services by reviewing your source documentation to your submission file. Review of policy, summaries of error rates and deviations from policy will be provided. We empower you to submit your data with confidence. HMDA Policies and Procedures Review We will evaluate potential weaknesses in you HMDA compliance program. We can also help you develop a plan for improvement, and minimize future risk. Fair Lending Due Diligence We will assess your institution s Fair Lending risks for a proposed merger or acquisition. COMMUNITY REINVESTMENT ACT TOOLS We offer many Community Reinvestment Act compliance solutions.
CRA Geo-Analysis and Lending Data Review Consistent with the CRA performance standards, we examine the loan-to-deposit ratio, percentage of loans within the bank s assessment area, compare lending to different income levels, and examine the geographic distribution of the financial institution s loans. Reports include detailed analysis complete with maps, charts, graphs and executive summaries. Depending on your needs, reports are available annually, semi-annually or quarterly. CRA Review Using the joint agency examination procedures (small, intermediate small or large financial institution criteria), we will assess your CRA performance with the lending tests and community development standards. We will also review CRA policy, notices and public files. Assessment Area Review and Determination We geographically and statistically examine assessment areas and provide recommendations to ensure your unique market areas consist of political subdivisions and refrain from excluding lowincome census tracts. State-of-the-art geocoding capabilities let us consult and outline an optimal assessment area that can help you better meet your CRA compliance and business objectives. Compliance is not a static business activity. We will also ensure your written compliance program provides for Customer Identification Program; training program; a system of internal controls; independent testing or monitoring; and one or more designated individuals responsible for BSA. 4 BSA Policy Review and Risk Assessment 4 Customer Due Diligence 4 Suspicious Activity Report Filings (SAR) 4 Anti-Money Laundering (AML) 4 Currency Transaction Report Filings (CTR) 4 Government Monitoring Lists 4 High-Risk Account Management 4 Providing Services to Money Service Businesses 4 Assess Level of Board Involvement 4 BSA Training Program COMPLIANCE PROGRAM DESIGN AND IMPLEMENTATION We can help develop and implement a formal written compliance program tailored for the institution based on size and the complexity of products offered, along with the channels employed to make them available. We will also offer tailored recommendations about compliance management structure, use of compliance committees, compliance officer s responsibilities, audits, assessments, and how to operationalize compliance through integration into core business processes. INDEPENDENT BANK SECRECY ACT AUDIT AND RISK ASSESSMENT We can conduct an independent review of your institution s BSA / AML program as required by federal law. Review of the bank s processes and procedures relative to the USA Patriot Act and OFAC regulations will also be conducted. The review will be tailored to the institution s size, complexity of business lines, customer base, geographic diversity, and technology employed. Lastly, we will ensure policies and procedures for all consumer protection regulations are available. POLICY DEVELOPMENT We will help develop written compliance program and policy documents consistent with management objectives and regulatory requirements. Our services include policy creation, implementation assistance, review of forms and disclosures.
COMPLIANCE TRAINING PROGRAMS We offer fully customizable regulatory compliance training services, which will be provided to the Board of Directors and your employees relative to their responsibilities and the risk posed by any area of regulatory compliance. Services range from twohour webinars that meet annual requirements to full-day consumer compliance training sessions. UDAAP REVIEWS UDAAP visibility and awareness has increased since the Dodd-Frank Act and the creation of the CFPB. Under the Dodd-Frank Act, it is unlawful for any provider of consumer financial products or services or a service provider to engage in any unfair, deceptive or abusive act or practice. Our reviews cover the key processes subject to UDAAP (advertising, mortgage lending and servicing, payment processing, and debt collection) and key products (sub-prime products or products geared toward the vulnerable or financially unsophisticated, overdraft protection products, and prepaid cards). TRUPOINT Partners will work to help you avoid problems before they occur, identify existing issues before they grow, and provide you practical advice to successfully manage your overall compliance risk. When you need us, we will be there with unique, reliable, timely, and cost-effective solutions. Lean on TRUPOINT Partners for regulatory compliance guidance, solutions, and expertise. We re in your corner. Let us alleviate your compliance stress today. ABOUT TRUPOINT PARTNERS TRUPOINT Partners is a regulatory compliance consulting and data analytics firm based in Charlotte, NC. We work with more than 450 financial institutions nationwide. Our team leverages data-driven insights with proven expertise to provide solutions to challenging compliance issues. With exceptional client service and clear guidance, we empower financial institutions to manage compliance efficiently and effectively. LEAN ON TRUPOINT PARTNERS As regulations change and the industry evolves, it will be even more important for financial institutions to have the tools to successfully manage the complex regulatory landscape. Our professionals have an understanding of both the industry and the evolving regulatory environment. THERE IS AN EASIER WAY TO MANAGE YOUR COMPLIANCE. CONTACT TRUPOINT PARTNERS TODAY AND FIND OUT HOW. 704.401.1730 INFO@TRUPOINTPARTNERS.COM WWW.TRUPOINTPARTNERS.COM We understand that compliance must be delicately and diligently managed to ensure the organization is achieving a balance between risk management, efficient processes, reasonable policies and superior customer service.