Bankers Alliance Compliance Corner

Editor's Note: The following was submitted by Bankers Alliance. LBA, through its subsidiary Louisiana Bankers Service Corporation, has partnered with Bankers Alliance to give banks access to three compliance-related programs. Click here for more information.

Q: A local association has agreed to forward an ad for the bank along with its emailed newsletter. Does CAN-SPAM apply if the bank isn't sending the email? 

A: It can. Whether the bank here or the forwarder is the sender or initiator and therefore subject to CAN-SPAM compliance depends on the facts. So, deciding if the CAN-SPAM Act applies often depends on whether the bank has offered to pay the forwarder or give the forwarder some other benefit. For example, if the bank offers money or some other benefit in exchange for forwarding a message, the bank may be responsible for compliance. Click here to see.

Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email and ask for our Membership Team. 


Did you know that loan estimates need to be reissued in certain lending situations?

  • Lenders are bound by the terms in the loan estimate. 
  • Revised loan estimates may need reissue in the case of changed circumstances and/or changes to the rate, principal, loan fees, escrow or terms of the loan. 
  • A revised loan estimate must be issued within three business days of receiving information requiring a revision.

Review Alliance, an independent group of compliance specialists offering banks deep-dive audits of their existing transactions, recommendations about program enhancements or guidance on future safety and soundness. Virtual Compliance Officer was added in 2020—a new shared service-model using bank-dedicated compliance officers; perfect for monitoring and guiding your bank remotely. To learn how to put them to work for your bank, call (833)-683-0701or email and ask for the Membership Team.

Click here to sign up for a membership demo

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