Financial Institutions
Regulatory Compliance Testing
Your PYA team will assist management and the bank’s audit committee in prioritizing regulatory compliance testing focus areas through the use of a regulatory compliance risk assessment process. This risk assessment process will allow your PYA team to concentrate its efforts on the regulatory compliance areas of the bank with the greatest impact on overall regulatory compliance. Of immeasurable value is the detailed final report you will receive from PYA. It will include a detailed discussion of the results of our regulatory compliance testing procedures, and practical recommendations and comments intended to help you improve your bank’s overall regulatory compliance.
PYA has played in critical role in assisting several banks with correcting deficiencies related to Bank Secrecy Act compliance. PYA recognizes that Bank Secrecy Act compliance is an important regulatory compliance area. Our Banking Group is educated on the evolving requirements of the Bank Secrecy Act.
PYA provides regulatory compliance testing in the following areas:
- Equal Credit Opportunity Act
- Fair Housing Act
- Home Mortgage Disclosure Act
- Fair Credit Reporting Act
- Truth in Lending Act
- Real Estate Settlement Procedures Act
- Homeowners Protection Act
- Electronic Fund Transfer Act
- Expedited Funds Availability Act
- Flood Disaster Protection Act
- Right to Financial Privacy Act
- Fair Debt Collection Practices Act
- Unfair or Deceptive Acts
- Homeowners Counseling Procedures
- Truth in Savings
- Electronic Banking
- Gramm-Leach-Bliley Act of 1999
- Bank Secrecy Act
- Bank Protection Act
- Insider Lending
- Interest on Deposits
- Advertising
- Community Reinvestment Act