Upcoming Events
Comment Period: Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)
August 12, 2024
AGENCY: Consumer Financial Protection Bureau. ACTION: Proposed rule; request for public comment. SUMMARY: The Consumer Financial Protection Bureau (CFPB) is seeking public comment on a proposed rule amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), concerning medical information. The CFPB is proposing to remove a regulatory exception in Regulation V from the…
Comment Period: Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector
August 12, 2024
AGENCY: Departmental Offices, Department of the Treasury. ACTION: Request for information. SUMMARY: The U.S. Department of the Treasury (Treasury) is seeking comment through this request for information (RFI) on the uses, opportunities and risks presented by developments and applications of artificial intelligence (AI) within the financial sector. Treasury is interested in gathering information from a…
Comment Period: Request for Information Regarding Fees Imposed in Residential Mortgage Transactions
August 02, 2024
AGENCY: Consumer Financial Protection Bureau. ACTION: Request for information. SUMMARY: The Consumer Financial Protection Bureau (Bureau or CFPB) is seeking comments from the public related to fees charged by providers of mortgages and related settlement services. DATES: Comments must be received on or before August 2, 2024. https://files.consumerfinance.gov/f/documents/cfpb_rfi-closing-costs_2024-05.pdf
Commercial Lending Compliance Expectations
September 26, 2024
Description: Join us for a webinar covering the standards for commercial lending. While commercial loans may not seem as heavily regulated as consumer loans, it’s important that financial institutions don’t overlook applicable regulations. This webinar will highlight commercial loan compliance requirements such as Regulation B, Regulation O, Flood Insurance, Fair Lending, and others. It will also…
September 2024 Compliance Huddle
September 18, 2024
Every month, Compliance Alliance gathers bankers from our community nationwide and engages them to an open discussion about the issues that their organizations are navigating. We invite our members to share their concerns and experiences with input and guidance from the compliance professionals who host the event. Ways to Participate:
B2B: Fair Lending
September 10, 2024
Description: With their geneses coming nearly six decades ago, the federal fair lending regulations – namely, the Equal Credit Opportunity Act (Regulation B) and the Fair Housing Act – continue to have a lasting impact on financial institutions at every stage of the lending lifecycle. This webinar will serve as an introduction and overview of…
An Overview of Marijuana and Hemp Banking
August 22, 2024
Description: During this one-hour webinar, we will outline the guidelines and requirements when it comes to providing banking servicing marijuana and hemp-related customers. We will address guidance issued by FinCEN, the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) requirements, other federal guidance, and state law considerations which effect the marijuana and hemp industries. In an effort to…
B2B: Intro to Mortgage Servicing
August 06, 2024
Description: This Back2Basics webinar will provide a general overview of mortgage servicing. Whether you’re new to this are or a seasoned expert, this webinar is a great opportunity and introduction to the relevant requirements or to brush up on those mortgage servicing skills. We will cover common pitfalls and frequently asked questions related to transfers…
Compliance Management System & Policy Writing
July 25, 2024
Description: Is your bank’s Compliance Management System (CMS) effective? Is it meeting regulator expectations? Does the bank’s written program include the necessary components? This Webinar will guide you through a comprehensive overview of a bank’s CMS, exam expectations and ratings systems from the Agencies, as well as best practices for creating or enhancing your Bank’s…
July 2024 Compliance Huddle
July 17, 2024
Every month, Compliance Alliance gathers bankers from our community nationwide and engages them to an open discussion about the issues that their organizations are navigating. We invite our members to share their concerns and experiences with input and guidance from the compliance professionals who host the event. Ways to Participate:
B2B: Flood Primer
July 09, 2024
Description: Flood insurance and the distinct regulatory requirements can present questions and challenges in a seemingly straight forward transaction, whether in the commercial or residential context. This primer will discuss the basics of flood, which may be a useful guide for those new to banking as well as those with experience, for any transaction with…
Effective Date: Fair Lending, Fair Housing, and Equitable Housing Finance Plans
February 15, 2026
AGENCY: Federal Housing Finance Agency. ACTION: Final rule. SUMMARY: The Federal Housing Finance Agency (FHFA or the Agency) is issuing this final rule that addresses barriers to sustainable housing opportunities for underserved communities by codifying existing FHFA practices in regulation and adding new requirements related to fair lending, fair housing, unfair or deceptive acts or…
Effective Date: HUD Issues Fair Housing Act Guidance on Applications of Artificial Intelligence
May 02, 2024
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) released two guidance documents addressing the application of the Fair Housing Act to two areas in which the use of artificial intelligence poses particular concerns: the tenant screening process and its application to the advertising of housing opportunities through online platforms that use targeted ads. Today’s announcement is…
Effective Date: Third-Party Risk Management A Guide for Community Banks
May 03, 2024
Community banks engage with third parties to compete in and respond to an evolving financial services landscape. Third-party relationships can offer community banks access to new technologies, risk-management tools, human capital, delivery channels, products, services, and markets. A community bank’s reliance on third parties, however, reduces its direct operational control over activities1 and may introduce…
Effective Date: Reporting, Procedures and Penalties Regulations
August 08, 2024
AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Interim final rule; request for comments. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend the Reporting, Procedures and Penalties Regulations (the “Regulations”), to require electronic filing of certain submissions to OFAC and to describe and…
Effective Date: Availability of Funds and Collection of Checks
July 01, 2025
AGENCY: Board of Governors of the Federal Reserve System (Board) and Consumer Financial Protection Bureau (CFPB). ACTION: Final rule. SUMMARY: The Board and the CFPB (collectively, the Agencies) are amending Regulation CC, which implements the Expedited Funds Availability Act (EFA Act) and the Check Clearing for the 21st Century Act (Check 21 Act), to fulfill…
Comment Period: Expansion of Fedwire® Funds Service and National Settlement Service Operating Hours
July 08, 2024
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Request for comment. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is seeking input on a proposal to expand the operating hours of the Fedwire® Funds Service and the National Settlement Service (NSS). The Board proposes to expand the operating hours of…
Effective Date: Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees
July 01, 2024
AGENCY: Wage and Hour Division, Department of Labor. ACTION: Final rule. SUMMARY: The Department of Labor (Department) is updating and revising the regulations issued under the Fair Labor Standards Act implementing the exemptions from minimum wage and overtime pay requirements for executive, administrative, professional, outside sales, and computer employees. Significant revisions include increasing the standard…
Effective Date: Floodplain Management and Protection of Wetlands; Minimum Property Standards for Flood Hazard Exposure; Building to the Federal Flood Risk Management Standard
May 23, 2024
AGENCY: Office of the Secretary, U.S. Department of Housing and Urban Development (HUD). ACTION: Final rule. SUMMARY: This final rule revises HUD’s regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard (FFRMS) in accordance with the Executive Order titled “Establishing a Federal Flood Risk Management Standard and…
Comment Period: Request for Comment on Proposed Statement of Policy on Bank Merger Transactions
June 18, 2024
AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Proposed Policy Statement; Request for Comment. SUMMARY: The FDIC invites comments on a proposed Statement of Policy (SOP) on Bank Merger Transactions (Proposed SOP) that is relevant to all insured depository institutions (IDIs). The Proposed SOP would replace the FDIC’s current SOP on Bank Merger Transactions (Current SOP)…
Comment Period: Request for Information and Comment on Customer Identification Program Rule Taxpayer Identification Number Collection Requirement
May 28, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for information and comment. SUMMARY: FinCEN, in consultation with staff at the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Board of Governors of the Federal Reserve System (Board) (collectively,…
Comment Period: Telemarketing Sales Rule
June 17, 2024
AGENCY: Federal Trade Commission. ACTION: Notice of proposed rulemaking. SUMMARY: The Federal Trade Commission (“FTC” or “Commission”) proposes to amend the Telemarketing Sales Rule (“Rule”) to extend its coverage to inbound telemarketing calls by consumers to technical support services— i.e., calls that consumers make in response to an advertisement through any medium or to a…
Effective Date: Telemarketing Sales Rule
May 16, 2024
AGENCY: Federal Trade Commission. ACTION: Final rule. SUMMARY: The Federal Trade Commission (“FTC” or “Commission”) adopts amendments to the Telemarketing Sales Rule (“TSR”) that, among other things, require telemarketers and sellers to maintain additional records of their telemarketing transactions, prohibit material misrepresentations and false or misleading statements in business to business (“B2B”) telemarketing calls, and…
Effective Date: FinCEN Publishes an Administrative Ruling Regarding Customer Identification Program and Customer Due Diligence Requirements for Designated Beneficiaries of Individual Retirement Accounts
March 15, 2024
FIN-2024-R001 FinCEN Publishes an Administrative Ruling Regarding Customer Identification Program and Customer Due Diligence Requirements for Designated Beneficiaries of Individual Retirement Accounts Issued Date March 15, 2024 https://www.fincen.gov/sites/default/files/administrative_ruling/2024-03-15/CDD_and_CIP_Requirements_for_Beneficiaries_of_IRAs_03152024_508_vf.pdf
Effective Date: Community Reinvestment Act; Supplemental Rule
April 01, 2024
AGENCY: Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation. ACTION: Interim final rule; technical amendments; correction. SUMMARY: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation…