Consumer Compliance Testing demo
Each Reg CC, E and DD test runs on the whole population, and each exception is re-tested and evidenced 1:33
What the demo shows
Compliance testers run Reg E, CC and DD tests on every deposit and payment item in the population
Each test is one plain sentence; a Script agent turns it into attributes cited to the regulation. A Population agent pulls the whole population and reconciles it to an independent count. A Testing agent reads every notice, letter and disclosure image and compares it with the core record, attribute by attribute. A Reviewer agent on a second model family re-tests every exception and 5% of passes blind. A Pattern agent groups exceptions by cause, checks the rest of the bank, runs the look-back and finds customer harm. A Workpaper agent writes the workpapers and the finding; an Issue agent opens the issue, drafts refunds and re-tests the fix. The analyst confirms, the Compliance Manager approves, and the business owner fixes.
Transcript
- Consumer Compliance Testing runs Reg E, CC and DD tests on every item, not a sample.
- Community banks spend up to 8.7 percent of noninterest expense on compliance.
- The agents tested all 1,512 exception holds, and found nine exceptions.
- Each test is one plain sentence, cited to Regulation CC.
- Pick one, and its notice lies beside the hold record.
- A $9,800 check was held in full; only $3,075 could be.
- A Reviewer agent re-tested them blind, and agrees.
- One cause behind six: two branches print a retired form.
- Marisol confirms the six and sends the finding.
- Graham Okonjo approves, and an issue opens with a due date.
- Every step is on the audit trail, with an examiner pack.
- Every item tested, every exception evidenced, findings approved in days.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.