Bank Compliance Consulting

In the past three decades, volumes of laws, rules, and regulations have been created that affect all financial institutions. When Professional Bank Services was chartered in 1978, its founder knew that a major concern of many financial institution executives was the proliferation of the then-new consumer-oriented laws and regulations. To meet this need, PBS offered in-house bank compliance reviews and training programs; today a team of PBS professionals is devoted to bank compliance consulting. This compliance consulting group spends the majority of its time in client institutions, reviewing forms, checking financial calculations, reviewing or writing compliance policies and procedures, training client personnel and, when needed, assisting with restitution or other regulatory enforcement matters.

Since its founding, PBS has conducted thousands of compliance reviews and training programs throughout the United States; our success in assuring a high degree of compliance and peace of mind has brought us recommendations from banks, S&L and credit union clients, association executives, lawyers, accountants, and examiners.

Below are the major laws and regulations typically monitored during a compliance consulting engagement:

  • Bank Secrecy Act
  • Truth-In-Lending Act – Regulation Z
  • Truth-In-Savings Act – Regulation DD
  • Real Estate Settlement Procedures Act – Regulation X
  • Fair Housing Act
  • Flood Disaster Protection Act
  • Equal Credit Opportunity Act – Regulation B
  • Fair Credit Reporting Act
  • Unfair or Deceptive Acts or Practices – Regulation AA
  • Community Reinvestment Act
  • Electronic Fund Transfer – Regulation E
  • FIRA – Regulation O
  • Home Mortgage Disclosure Act – Regulation C
  • Expedited Funds Availability – Regulation CC
  • NOW Account Eligibility and Money Market Account Procedures
  • Privacy
  • Consumer Protection for Bank Sales
Professional Bank Services
(800) 523-4778