The Community Bank is under siege!

Your partners at Superior Consulting realize that the community bank is under siege from an unprecedented volume of new regulation, ever increasing competition, thin profit margins, and an unusually hostile regulatory environment. Our singular mission is to provide you with Guidance You Can Trust during these troubled times in order to ensure your institution does not become yet another statistical casualty of this environment.

Latest News

TILA-RESPA Integrated Disclosures Readiness

The effective date for the last step in the sweeping mortgage rules revisions of the Dodd-Frank Act is almost upon us. On August 1, 2015, the Truth in Lending Act (TILA)-Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures (TRID) will go into effect. The final rule was issued by the Consumer Financial Protection Bureau (CFPB) on November 20, 2013 in a 1,888 page publication in the Federal Register. The purpose of this article is to outline a few of the…

February 4, 2015Read More

The Flood Insurance Affordability Act of 2014

Many bankers were relieved to learn about the Homeowner Flood Insurance Affordability Act of 2014 (the Affordability Act) which became effective on March 21, 2014. The purpose of the Act is to repeal and modify the Biggert-Waters Flood Insurance Reform Act (Biggert-Waters) which was enacted in 2012. While the Affordability Act does indeed repeal and modify Biggert-Waters, it is not a moratorium, and it is important to understand its exceptions so that you can determine the Affordability Act's impact on…

August 9, 2014Read More

New Value-based Service Offering!

Superior Consulting is proud to announce the development of a new service offering, our $1495 Vulnerability Assessment. At Superior, we fully embrace the industry trend to transition some services to fixed, value-based pricing, which offers a more equitable and predictable pricing model than hourly rate engagements. We're confident our current and prospective clients will recognize the tremendous value in this flexible, remote service offering. Please check out our Services page for more information about this service.

June 30, 2014Read More

Suspicious Activity Reporting & Director Responsibilities

As a member of the Board of Directors of a highly regulated institution, you have many responsibilities encompassing a wide array of issues and concerns ranging from the solvency and profitability of the bank to compliance with a divergent series of regulatory requirements. As a Director, shouldn’t you ensure that you are receiving precise, accurate information -information that tells us what we need to know and doesn’t overload us with “excess baggage”? The answer is yes! But sometimes the desire…

January 1, 2014Read More

Mortgage Originator Compensation Rules

We can expect a number of significant regulatory changes during 2011, particularly with respect to regulations governing transactions related to a consumer’s principal dwelling. One of the first significant regulatory challenges of this type will be the implementation of the Federal Reserve’s revisions to Section 36 of Regulation Z. These amendments will implement new restrictions on mortgage loan originator compensation, as well as other requirements related to loan “steering”. Although these requirements will be effective April 1, 2011, we can…

January 1, 2014Read More

Managing Compliance Risk

July 21, 2011 will be recognized as a seminal date in the history of the American banking system since this date triggers the implementation of a wide array of significant components of the Dodd–Frank Wall Street Reform and Consumer Protection Act, including the formal creation of the Consumer Financial Protection Bureau and the transfer of numerous consumer protection regulations away from the authority of the Federal Reserve and into this new entity. These changes herald the beginning of a new…

January 1, 2014Read More