Inspired Compliance Consulting LLC

January?is National Human Trafficking Prevention Month With access to large volumes of financial data, financial institutions play a vital role in human trafficking detection and prevention. With all of the regulatory burdens and reporting requirements that financial institutions are subject to, it can be easy to lose track of the human side of what we do. This January, I am appealing to my financial institution partners to use their platforms and resources to help raise public awareness about human trafficking, consider being a 314b information sharer, and provide additional employee training on spotting and reporting human trafficking red flags.?? Awareness about human trafficking is crucial to ending this horrific crime and we can all play a part.?Let's make every month a Human Trafficking Prevention Month. #inspiredcompliance #communitybanking?

On this special day of gratitude, I am thankful for so many things in my life.?This year, God has blessed my life with food on the table, a loving family, good friends, and a successful year at Inspired Compliance Consulting.? Inspired was founded on a spirit of serving and giving. Community banks provide charitable donations and grants to various organizations and individuals throughout the communities they serve and that’s why we donated back over $5,000 of our profits to our clients to help support families and organizations in these communities.? Inspired Compliance Consulting wishes you a great Thanksgiving filled with blessings, happiness, and gratitude. Happy Thanksgiving!

On this special day of gratitude, I am thankful for so many things in my life.?This year, God has blessed my life with food on the table, a loving family, good friends, and a successful year at Inspired Compliance Consulting.? Inspired was founded on a spirit of serving and giving. Community banks provide charitable donations and grants to various organizations and individuals throughout the communities they serve and that’s why we donated back over $5,000 of our profits to our clients to help support families and organizations in these communities.? Inspired Compliance Consulting wishes you a great Thanksgiving filled with blessings, happiness, and gratitude. Happy Thanksgiving!

Please join me in honoring our veterans on Monday and every day. THANK YOU!

Thanks to this amazing group of loan professionals for spending 10 days with me doing compliance training. Also, thanks to TBAS management for hosting me on the island and providing an in person learning experience for their loan staff. I am grateful for the opportunity to have met so many wonderful people during my time in American Samoa. #communitybanking #bankcompliance

CFPB Summer Supervisory Highlights The CFPB has posted their summer 2024 supervisory highlights.?There were a few things for banks to consider based on their observations. 1) Examiners cited servicers for unfair practices when they failed to auto-debit the final loan payment when borrowers had requested automatic payments on their loans.? This occurred when the servicers autopay system did not debit the final payment because it was a different amount from the regular monthly payment, which resulted in a late fee when the payment was not made on time. 2) Beware of freezing accounts when fraud is identified and how you notify your customers in these instances. This includes communication to consumers on how to unfreeze their account. 3) The CFPB found that imposing fees or other conditions that impede a consumer’s ability to request account information would be considered out of compliance with section 1034(c). This is currently directed to large banks and credit unions. #inspiredcompliance #communitybanking?

Celebrating mothers everywhere today and wishing all our moms a Very Happy Mother's Day! THANK YOU for all you do every day. Being a mom is THE most important and difficult job you do. You get no breaks, little recognition, and you never get to retire. Hope you Moms out there have a wonderful Mother's Day!