Upcoming Events
Comment Period: FTC and DOJ Seek Comment on Draft Merger Guidelines
September 18, 2023
Proposed guidelines would address the many ways mergers can weaken competition, harming consumers, workers, and businesses Today, the Federal Trade Commission and the Department of Justice are releasing a draft update of the Merger Guidelines, which describe and guide the agencies’ review of mergers and acquisitions to determine compliance with federal antitrust laws. The goal of…
Comment Period: Regulatory Capital Rule: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies; Systemic Risk Report (FR Y-15)
November 30, 2023
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice of proposed rulemaking. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is inviting public comment on a notice of proposed rulemaking to amend the Board’s rule that identifies and establishes risk-based capital surcharges for global systemically important bank holding companies (GSIBs)….
Effective Date: Money Market Fund Reforms; Form PF Reporting Requirements for Large Liquidity Fund Advisers; Technical Amendments to Form N-CSR and Form N-1A
July 11, 2023
AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Securities and Exchange Commission (“Commission”) is adopting amendments to certain rules that govern money market funds under the Investment Company Act of 1940. These amendments are designed to improve the resilience and transparency of money market funds. The amendments will revise the primary rule that…
Comment Period: FHFA Requests Input on the Enterprises’ Single-Family Pricing Framework
August 14, 2023
FHFA Requests Input on the Enterprises’ Single-Family Pricing Framework FOR IMMEDIATE RELEASE Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises) single-family pricing framework. The RFI solicits public feedback on the goals and policy priorities that FHFA should pursue in its…
Comment Period: Covered Clearing Agency Resilience and Recovery and Wind-Down Plans
July 17, 2023
AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission (“Commission”) is proposing to amend certain portions of the Covered Clearing Agency Standards under the Securities Exchange Act of 1934 (“Exchange Act”) to strengthen the existing rules regarding margin with respect to intraday margin and the use of substantive inputs to…
Comment Period: Suspended Counterparty Program
September 18, 2023
AGENCY: Federal Housing Finance Agency. ACTION: Notice of proposed rulemaking. SUMMARY: The Federal Housing Finance Agency (FHFA) is proposing to amend the existing Suspended Counterparty Program (SCP) regulation. FHFA proposes to expand the categories of covered misconduct on which a suspension could be based to include sanctions arising from certain forms of civil enforcement. The…
Comment Period: Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule
September 11, 2023
AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission (“Commission”) proposes to amend the broker-dealer customer protection rule to require certain broker-dealers to perform their customer and broker-dealer reserve computations and make any required deposits into their reserve bank accounts daily rather than weekly. The Commission also is seeking comment…
Comment Period: Improving Access to Public Benefit Programs
August 14, 2023
AGENCY: Office of Policy Development and Research, Department of Housing and Urban Development, HUD. ACTION: Request for comments. SUMMARY: The Department of Housing and Urban Development is seeking comments from the public regarding the burden faced when applying for or maintaining eligibility for HUD’s housing programs. HUD recognizes that these administrative hurdles and paperwork burdens…
B2B: Requirements for Loan Refinancing, Modifications, Renewals, and More
November 07, 2023
Description: One of the most common questions we receive on Hotline is whether a change to a loan is considered a refinancing, modification, renewal, or something else. Accompanying that question are often, “Well, what’s next? Are we prohibited from making certain changes? What disclosures are required? Does this affect our HMDA and CRA reporting?” During…
2023 Compliance Review
December 21, 2023
Description: Come join us for an exciting lookback at 2023 Compliance! This webinar will review compliance updates and hot topics that arose in 2023, giving you a clear look at where we stand on all of these today. We will be discussing the LIBOR transition, UDAAP (including NSF, overdraft, and junk fees guidance), crypto-asset risks,…
Overdraft, NSF, and “Junk” Fees, Oh My: An Update
November 30, 2023
Description: “Junk” fees continue to be intensely scrutinized by regulators. In the realm of community banking, overdraft and insufficient funds fees have been a particular focus. In August 2022, the FDIC issued a Supervisory Guidance on Multiple Re-Presentment NSF Fees warning institutions about the serious consumer compliance risks associated with the assessment of multiple NSF…
December 2023 Compliance Huddle
December 13, 2023
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:
November 2023 Compliance Huddle
November 15, 2023
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:
October 2023 Compliance Huddle
October 11, 2023
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: Handling Deposit Accounts for Deceased Accountholders
December 05, 2023
Description: Join us, as we examine the varying considerations associated with the management of deposit accounts after the bank has been notified of an accountholder’s death. In this webinar, we will discuss how the bank’s rights and responsibilities differ depending upon certain aspects of the account, such as whether a right to survivorship applies or…
B2B: Wire Transfers: Requirements and Best Practices
October 03, 2023
Description: This webinar will cover the basics of wire transfers for both domestic and international wires, the governing rules and regulations that apply to wire transfers, the roles and responsibilities of the sender and receiver, the process of a webinar, and other important elements. We will also touch on fraud trends and best practices. Whether…
An Overview of Automatic Clearing House (ACH) Transactions
September 21, 2023
Description: Automatic Clearing House (ACH) Transactions have become part of everyday life in the banking industry. As one of the top ways to send and receive money, multiple regulations and guidelines provide instructions on how ACH transactions are handled. From a surface level review of NACHA to Regulation E, Regulation CC, BSA, and more, this…
Comment Period: Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations
September 19, 2023
AGENCY: Board of Governors of the Federal Reserve System (Board); Consumer Financial Protection Bureau (CFPB); Federal Deposit Insurance Corporation (FDIC); National Credit Union Administration (NCUA); and Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Proposed interagency guidance with request for comment. SUMMARY: The Board, CFPB, FDIC, NCUA, and OCC (together, the agencies) are…
Effective Date: Supervisory Guidance on Multiple Re-Presentment NSF Fees
June 16, 2023
The Federal Deposit Insurance Corporation (FDIC) is issuing guidance to ensure that supervised institutions are aware of the consumer compliance risks associated with assessing multiple nonsufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. Additionally, the FDIC is sharing its supervisory approach where a violation of law is identified and full…
Effective Date: Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts
July 06, 2023
AGENCY: Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; and National Credit Union Administration. ACTION: Final policy statement. SUMMARY: The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), and…
Comment Period: Agency Information Collection Activities; Submission for OMB Review; Comment Request
July 13, 2023
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: Request for Information on Annual Consumer Trust in Banking Survey
October 10, 2023
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Request for information and comment. SUMMARY: The OCC is gathering information and comments to inform the development of an annual survey to understand consumer trust in banking and bank supervision that the agency plans to develop and implement, as discussed in the OCC’s Strategic…
Comment Period: Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report
May 22, 2023
AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission (“Commission” or “SEC”) is proposing to require electronic filing or submission of certain forms and other filings or submissions that are required to be filed with or submitted to the Commission under the Securities Exchange Act of 1934 (“Exchange Act”) and…
Effective Date: Shortening the Securities Transaction Settlement Cycle
May 05, 2023
AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Securities and Exchange Commission (“Commission”) is adopting rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (“T+2”) to one business day after the trade date (“T+1”). In addition, the Commission is adopting new rules…
Effective Date: Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
August 29, 2023
AGENCY: Consumer Financial Protection Bureau. ACTION: Final rule. SUMMARY: The Consumer Financial Protection Bureau (CFPB or Bureau) is amending Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Consistent with section 1071, covered financial institutions are…