COMPLIANCE ALLIANCE - A Massachusetts Bankers Association Company
Tel. 888.353.3933
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The Massachusetts Bankers Association Compliance Solution
Founded in 2011, Compliance Alliance is the only banking industry compliance resource that is owned, operated and managed by 24 State Bankers Associations. 

Based on the needs of community bankers, Compliance Alliance provides its members an ever-increasing set of bank compliance tools and services that help them stay up-to-date with consumer and regulatory requirements. 

Compliance Alliance members enjoy:

Our All-Access Hotline
Any employee of a member bank can contact Compliance Alliance to address their regulatory and consumer compliance questions or concerns. The hotline is available from 7 AM to 6 PM Central time by phone, email or live chat. In most cases, our turnaround time is immediate for phone calls or live chats. In the event a question is more complex and additional research must be done, you’ll have an answer from our hotline specialists within two hours.

Document Reviews
Find comfort in knowing that your documents are fully compliant by submitting them for review by our in-house experts. Our team will conduct a full analysis and return documents with recommendations within three business days (depending on the complexity). Reviews are unlimited, so you can edit your documents after addressing our recommendations and resubmit them for additional rounds to ensure full compliance with the regulations.

Our Library of Compliance Tools
Compliance Alliance provides the most comprehensive list of tools for download and services including, but not limited to:
  • Calculators
  • Cheat Sheets
  • Check Lists
  • Compliance Calendar
  • Flowcharts
  • Forms
  • Handouts
  • Huddles
  • Matrices
  • Policies
  • Procedures
  • Risk Assessments
  • Signage
  • Summaries
  • Training Tools
  • Webinars
  • Worksheets

If you can’t find what you need on our website, contact us. We create tools for our members at no additional charge.

Easy Access to Regulations
The Compliance Alliance website contains quick access to both federal and state regulatory information and allows members to easily search regulations online. Our hotline is also available to do the federal research for you!

Summaries of New Regulations
1,500 page regulations have become the norm. Toss the book aside and let Compliance Alliance do the work for you. Our attorneys summarize each new regulation using layman’s terms to explain exactly how your bank will be impacted by the changes. Our summaries also include action plans for implementation.

Regular Updates on Regulations
Staying up-to-date can be one of greatest challenges of banking compliance. Compliance Alliance members receive daily, weekly and monthly emails noting important news items, overviews of recently added tools and comprehensive information about regulatory requirements and changes. Through consistent communication, we keep our members informed and ahead of the curve when it comes to the latest changes in the banking regulations industry.

More About Membership
Participating in one of our free live demos is the best way to experience our program’s benefits. Check out our upcoming live demo dates, and we’ll provide you with a guided tour of the Compliance Alliance website and introduce you to all the benefits of membership.

Compliance Alliance is the only all-inclusive compliance resource in the market today. All of our products and services are included in our annual membership fee and we offer unlimited access to all employees of member banks. 

Your Banking Regulation Experts
The Compliance Alliance team consists of former regulators, attorneys and compliance specialists. Each expert on our hotline and product development teams also began their careers in banks. We share a passion for, and expertise in, banking and compliance. As a result, Compliance Alliance understands your needs and can offer detailed expertise to help you tackle your most difficult compliance issues and questions. 

Become a member today!

Question of the Week
DECEMBER 5, 2016
We have a situation where the borrower has PMI and they are at the automatic termination threshold where we would normally cancel the PMI. However, they are currently past due. Do we have to cancel it now, or would we be able to wait until they are current before cancelling PMI?

For automatic termination, the borrower has to be current per HOPA:
“Automatic Termination : A servicer must automatically terminate PMI for residential mortgage transactions on the earliest date that both:
  • The principal balance of the mortgage is first scheduled to reach 78 percent of the original value of the secured property (based solely on the initial amortization schedule, in the case of a fixed-rate loan, or on the amortization schedules, in the case of an adjustable-rate loan, regardless of the  outstanding balance), and 
  • The borrower is current on mortgage payments.”

  • Not a member?
    Learn more about membership with Compliance Alliance by attending one of our live demos:

Compliance rules and regulations change quickly! For timely compliance updates, subscribe to Compliance Alliance’s email newsletters.

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

Can an LLC assign a POD on a business account?

Ultimately, this is a state law question, and so you should check the rules in the state where the deposit account is opened. However, it would be very unusual for this to happen. An LLC is an entity and doesn’t “die”, and therefore the POD designation wouldn’t really do anything since there is never a “death” of the LLC. Even if the owner of the LLC dies, the LLC continues on in existence.

If the customer wants to leave the business to a specific person, then it would be best to amend the formation documents to consider succession. The bank should suggest that the customer speak with their attorney to help them with corporate succession management.

Compliance rules and regulations change quickly! For timely compliance updates, subscribe to Compliance Alliance’s email newsletters.

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