Upcoming Events
Effective Date: CFPB Circular 2024-02 Deceptive marketing practices about the speed or cost of sending a remittance transfer
March 28, 2024
Question presented When do remittance transfer providers violate the prohibition on deceptive acts or practices in the Consumer Financial Protection Act (CFPA) in their marketing about the speed and cost of sending a remittance transfer? Response Remittance transfer providers may be liable under the CFPA for deceptive marketing about the speed or cost of sending…
CERCLA, Environmental Risk, and ESG
June 27, 2024
Description: Climate risk has become a growing concern globally as it has gained a significant level of attention by policymakers, financial regulators, international organizations, and many others. It’s become critical that financial institutions understand the implication of climate change and how it can impact financial stability. This session will define climate change challenges as it…
Steering Clear of Trouble: Navigating Fair Lending Regulations
May 23, 2024
Description: This webinar will give you an introduction into the basic concepts regarding fair lending by taking a deep dive into the governing laws – Equal Credit Opportunity Act (Regulation B) and the Fair Housing Act. We will discuss the potential fair lending impact that throughout the lending process. Further, we will discuss issues related…
B2B: IRAs and Financial Institutions
June 04, 2024
Description: Join us for an informative webinar covering the general requirements for establishing and maintaining Investment Retirement Accounts (IRAs) at financial institutions. More specifically, it will build on your basic IRA knowledge to address some of the more common IRA issues your organizations handle. Topics will include IRA updates, Required Minimum Distributions, Beneficiary Options, Advance…
June 2024 Compliance Huddle
June 12, 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:
May 2024 Compliance Huddle
May 15, 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:
Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Bank Secrecy Act Regulations Requiring Reports of Certain Domestic Transactions
April 23, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comments on the proposed renewal, without change, of an existing information collection relating to records of certain domestic transactions. Specifically, if the Secretary of the Treasury finds…
Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of the Beneficial Ownership Requirements for Legal Entity Customers
April 26, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a renewal, without change, of existing information collection requirements related to beneficial ownership requirements for legal entity customers. Under Bank Secrecy Act regulations, covered financial…
Comment Period: Agency Information Collection Activities; Proposed Collection; Comment Request; Beneficial Ownership Information Requests
April 01, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. SUMMARY: FinCEN invites all interested parties to comment on the proposed information collection associated with requests made to FinCEN, by certain persons, for beneficial ownership information, consistent with the requirements of the Beneficial Ownership Information Access and Safeguards final rule. The details…
Comment Period: Business Combinations Under the Bank Merger Act
April 15, 2024
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice of proposed rulemaking. SUMMARY: The OCC is inviting comment on a proposed rule to increase the transparency of the standards that apply to the agency’s review of business combinations involving national banks and Federal savings associations. In particular, the proposed rule would amend…
Comment Period: Proposed Agency Information Collection Activities
March 26, 2024
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint notice and request for comment. SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies)…
Comment Period: Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
May 06, 2024
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of regulatory review; request for comments. SUMMARY: Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), the OCC, Board, and FDIC (collectively, the agencies) are…
Comment Period: Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Reports of Transactions in Currency Regulations and FinCEN Form 112-Currency Transaction Report
April 05, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a renewal, without change, of existing information collection requirements relating to reports of transactions in currency. Under Bank Secrecy Act regulations, financial institutions are required…
Comment Period: National Flood Insurance Program: Standard Flood Insurance Policy, Homeowner Flood Form
April 08, 2024
AGENCY: Federal Emergency Management Agency, DHS. ACTION: Notice of proposed rulemaking. SUMMARY: The National Flood Insurance Program (NFIP), established pursuant to the National Flood Insurance Act of 1968, is a voluntary program in which participating communities adopt and enforce a set of minimum floodplain management requirements to reduce future flood damages. Property owners within participating…
Comment Period: Financial Crimes Enforcement Network: Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers
April 15, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice of proposed rulemaking. SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury (Treasury), is issuing this notice of proposed rulemaking (NPRM) to include certain investment advisers in the definition of “financial institution” under the Bank Secrecy Act (BSA), prescribe minimum standards for anti-money laundering/countering…
Comment Period: Anti-Money Laundering Regulations for Residential Real Estate Transfers
April 16, 2024
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice of proposed rulemaking. SUMMARY: FinCEN is issuing a proposed rule to require certain persons involved in real estate closings and settlements to submit reports and keep records on identified non-financed transfers of residential real property to specified legal entities and trusts on a nationwide basis. Transfers…
B2B: Regulation W & Regulation Y Review
May 07, 2024
Description: Regulation W & Y are two regulations that are less frequently address but are still critical to compliance. These regulations cover Affiliate Transactions and Corporate Practices of Bank holding companies and certain practices of state-member banks. This webinar is designed to provide an overview of these two regulations. We will discuss key definitions and…
Beneficial Ownership Basics Webinar
April 18, 2024
Description: The Corporate Transparency Act (CTA) became law on January 1, 2021 as part of the National Defense Appropriations Act. 31 USC 5336. The CTA requires FinCEN to promulgate regulations that prescribe procedures and standards for the reporting, access, and use of beneficial ownership information. FinCEN has taken a phased rulemaking approach, breaking down the…
April 2024 Compliance Huddle
April 10, 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: Credit Cards
April 02, 2024
Description: This webinar will discuss credit cards in both the consumer and commercial space. We will discuss the applicable life cycle of credit cards from solicitation to applications, to disclosures, to potential contractual considerations. Lastly, we will discuss the implications of other laws in relation to credit cards. People who should attend: Senior Management, Commercial…
Comment Period: Debit Card Interchange Fees and Routing
May 12, 2024
AGENCY: Board of Governors of the Federal Reserve System (Board). ACTION: Notice of proposed rulemaking. SUMMARY: Regulation II implements a provision of the Dodd-Frank Act that requires the Board to establish standards for assessing whether the amount of any interchange fee received by a debit card issuer is reasonable and proportional to the cost incurred…
Effective Date: Notification of Inflation Adjustments for Civil Money Penalties
January 08, 2024
AGENCY: Office of the Comptroller of the Currency, Treasury. ACTION: Notification of monetary penalties 2024. SUMMARY: This document announces changes to the Office of the Comptroller of the Currency’s (OCC) maximum civil money penalties as adjusted for inflation. The inflation adjustments are required to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as…
Effective Date: Notice of Inflation Adjustments for Civil Money Penalties
January 15, 2024
AGENCY: Federal Deposit Insurance Corporation. ACTION: Notice of monetary penalties 2024. SUMMARY: The Federal Deposit Insurance Corporation is providing notice of its maximum civil money penalties as adjusted for inflation. DATES: The adjusted maximum amounts of civil money penalties in this notice are applicable to penalties assessed after January 15, 2024, for conduct occurring on…
Effective Date: Rules of Practice for Hearings
January 12, 2024
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board of Governors of the Federal Reserve System (the “Board”) is issuing a final rule amending its rules of practice and procedure to adjust the amount of each civil money penalty (“CMP”) provided by law within its jurisdiction to account for…
Effective Date: Notice of Annual Adjustment of the Cap on Average Total Assets That Defines Community Financial Institutions
January 01, 2024
AGENCY: Federal Housing Finance Agency. ACTION: Notice. SUMMARY: The Federal Housing Finance Agency (FHFA) has adjusted the cap on average total assets that is used in determining whether a Federal Home Loan Bank (Bank) member qualifies as a “community financial institution” (CFI) to $1,461,000,000, based on the annual percentage increase in the Consumer Price Index…