Upcoming Events
Effective Date: Small Business Investment Company Investment Diversification and Growth
August 17, 2023
AGENCY: U.S. Small Business Administration. ACTION: Final rule. SUMMARY: On October 19, 2022, the U.S. Small Business Administration (“SBA” or “Agency”) published a notice of proposed rulemaking (“NPRM” or “proposed rule”) to revise the regulations for the Small Business Investment Company (“SBIC”) program to significantly reduce barriers to program participation for new SBIC fund managers…
Effective Date: FDIC Updates Equal Housing Lender Posters
August 31, 2023
Summary: FDIC-supervised institutions are required to maintain up-to-date Equal Housing Lender (EHL) posters in branches, as required by the Fair Housing Act. The FDIC recently amended some details of the posters, including updating the name of the office to which complaints should be addressed, as well as adding the web address of the FDIC’s web-based…
Comment Period: Exemption for Certain Investment Advisers Operating Through the Internet
October 02, 2023
AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission (“SEC” or “Commission”) is proposing amendments to the rule under the Investment Advisers Act of 1940 that exempts certain investment advisers that provide advisory services through the internet (“internet investment advisers”) from the prohibition on Commission registration, as well as related…
Comment Period: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions
October 30, 2023
AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking and notice of public hearing. SUMMARY: This document contains proposed regulations regarding information reporting, the determination of amount realized and basis, and backup withholding, for certain digital asset sales and exchanges. Based on existing authority as well as changes to the applicable tax law…
Comment Period: Long-term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions
November 30, 2023
AGENCY: Office of the Comptroller of the Currency, Department of the Treasury; Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation. ACTION: Notice of proposed rulemaking with request for public comment. SUMMARY: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the…
Comment Period: Guidance for Resolution Plan Submissions of Domestic Triennial Full Filers
November 30, 2023
AGENCIES: Board of Governors of the Federal Reserve System (Board) and Federal Deposit Insurance Corporation (FDIC). ACTION: Proposed guidance; request for comments. SUMMARY: The Board and the FDIC (together, the agencies) are inviting comments on proposed guidance for the 2024 and subsequent resolution plan submissions by certain domestic banking organizations. The proposed guidance is meant…
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…