Upcoming Events
Comment Period: FDIC Issues Proposed Rule to Rescind and Remove Transferred OTS Securities Offerings Regulations
April 05, 2021
FDIC issued a proposed rule to streamline FDIC regulations and guidance to rescind and remove from the Code of Federal Regulations rules entitled, Securities Offerings, that were transferred to FDIC from the Office of Thrift Supervision (OTS) on 07/21/2011, in connection with implementation of Title III of the Dodd-Frank Act. FDIC also proposed to rescind its Statement of…
Effective Date: Removal of Transferred OTS Regulations Regarding Prompt Corrective Action Directives and Conforming Amendments to Other Regulations
March 05, 2021
FDIC issued a final rule to rescind and remove from the Code of Federal Regulations rules entitled, Prompt Corrective Action, that were transferred to FDIC from the Office of Thrift Supervision (OTS) on 07/21/2011, in connection with implementation of Title III of the Dodd- Frank Act and to amend certain sections of existing FDIC regulations governing the issuance…
Mandatory Compliance Date: Removal of Transferred Office of Thrift Supervision (OTS) Regulations Regarding Nondiscrimination Requirements
February 03, 2022
FDIC issued a final rule to rescind and remove its regulation entitled, Nondiscrimination Requirements, and has amended its regulation entitled, Fair Housing, to make it applicable to state savings associations. The actions will streamline FDIC’s rules by eliminating unnecessary, inconsistent, and duplicative regulations, and ensure insured state nonmember banks and state savings associations generally will be subject to the…
Effective Date: Removal of Transferred Office of Thrift Supervision (OTS) Regulations Regarding Nondiscrimination Requirements
March 05, 2021
FDIC issued a final rule to rescind and remove its regulation entitled, Nondiscrimination Requirements, and has amended its regulation entitled, Fair Housing, to make it applicable to state savings associations. The actions will streamline FDIC’s rules by eliminating unnecessary, inconsistent, and duplicative regulations, and ensure insured state nonmember banks and state savings associations generally will…
Effective Date: Removal of Transferred OTS Regulations Regarding Certain Subordinate Organizations of State Savings Associations
March 05, 2021
FDIC issued a final rule to rescind and remove rules from the Code of Federal Regulations regulations titled Subordinate Organizations that were transferred to FDIC from the Office of Thrift Supervision (OTS) on 07/21/2011, in connection with implementation of Title III of the Dodd-Frank Act regarding subordinate organizations of state savings associations. FDIC has determined that the requirements for…
Effective Date: FDIC Issues Final Rules to Rescind and Remove Transferred OTS Regulations.
March 05, 2021
FDIC issues a final rule to rescind and remove regulations transferred to FDIC from the Office of Thrift Supervision (OTS) in 2011 pursuant to the Dodd-Frank Act. The regulations generally concern the supervision and governance of state savings associations, including the application processing procedures for certain applications, notices and filings by state savings associations. In addition to the removal…
Effective Date: FRB Finalizes Regulation D Reserve Requirements
March 12, 2021
FRB issues a final rule to adopt, without change, its 03/24/2020, interim final rule that amended its Regulation D (Reserve Requirements of Depository Institutions) to lower reserve requirement ratios on transaction accounts maintained at depository institutions to zero percent. Read more here.
Effective Date: Final Rule to Tailor Requirements in Capital Plan Rule
April 05, 2021
The Board of Governors of the Federal Reserve System (FRB) issued a final rule to tailor the requirements in its capital plan rule (capital plan rule) based on risk. Specifically, as indicated in FRB’s October 2019 rulemaking that updated the prudential framework for large bank holding companies and U.S. intermediate holding companies of foreign banking…
Application Due: CFPB Advisory Committee Members
February 24, 2021
Pursuant to the authorities given to the Director of CFPB under the Dodd-Frank Act, CFPB seeks applicants for membership for appointment to its Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC), (collectively, advisory committees). Membership of the advisory committees includes representatives of consumers, diverse communities,…
Comment Period: Agencies Propose Exemption to SAR Filings Paperwork Reduction Act
March 23, 2021
The Federal Deposit Insurance Corporation (FDIC) seeks comment on a proposed rule that would modify the requirements for FDIC-supervised institutions to file Suspicious Activity Reports (SARs). The proposed rule would amend FDIC’s SAR regulation to allow FDIC to issue exemptions from SAR requirements. The proposed rule would make it possible for FDIC to grant relief…
Effective Date: Final Rule to Revise Regulation F
November 30, 2021
The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule to revise Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA). The final rule governs certain activities by debt collectors, as that term is defined in the FDCPA. Among other things, the final rule clarifies the information that a debt collector…
PPP Compliance Huddle (02/24/2021)
February 24, 2021
To help bankers with the reopening of PPP, C/A has opened its huddles to members and non-members who are part of an FDIC-insured bank. This is an interactive event facilitated by our compliance professionals. Every month, Compliance Alliance gathers bankers from our community nationwide and engages them to an open discussion about the issues that their organizations…
PPP Compliance Huddle (02/17/2021)
February 17, 2021
To help bankers with the reopening of PPP, C/A has opened its huddles to members and non-members who are part of an FDIC-insured bank. This is an interactive event facilitated by our compliance professionals. Every month, Compliance Alliance gathers bankers from our community nationwide and engages them to an open discussion about the issues that their organizations…
Mandatory Compliance Date: Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions
January 01, 2022
The FDIC is finalizing revisions to its regulations relating to the brokered deposits and interest rate restrictions that apply to less than well capitalized insured depository institutions. For brokered deposits, the final rule establishes a new framework for analyzing certain provisions of the ‘‘deposit broker’’ definition, including ‘‘facilitating’’ and ‘‘primary purpose.’’ For the interest rate…
Effective Date: Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies,
April 01, 2021
The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule that applies to advanced approaches banking organizations with the aim of reducing both interconnectedness within the financial system and systemic risks. The final rule requires deduction from a banking organization’s regulatory capital for certain investments in unsecured debt instruments issued by foreign…
Effective Date: Activities and Operations of National Banks and Federal Savings Associations
April 01, 2021
The Office of the Comptroller of the Currency is issuing a final rule to revise and reorganize its regulations relating to the activities and operations of national banks and Federal savings associations and to amend its rules relating Federal savings association corporate governance. This rule clarifies and codifies recent OCC interpretations, integrates certain regulations for…
Effective Date: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): General QM Loan Definition
March 01, 2021
With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any residential mortgage loan, and loans that meet Regulation Z's requirements for “qualified mortgages” (QMs) obtain certain protections from liability. One category of QMs is the General QM category. For General QMs, the ratio of…
Effective Date: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Seasoned QM Loan Definition
March 01, 2021
With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any residential mortgage loan, and loans that meet Regulation Z's requirements for “qualified mortgages” (QMs) obtain certain protections from liability. Regulation Z contains several categories of QMs, including the General QM category and a temporary…
Effective Date: Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions
April 01, 2021
The FDIC is finalizing revisions to its regulations relating to the brokered deposits and interest rate restrictions that apply to less than well capitalized insured depository institutions. For brokered deposits, the final rule establishes a new framework for analyzing certain provisions of the ‘‘deposit broker’’ definition, including ‘‘facilitating’’ and ‘‘primary purpose.’’ For the interest rate…
Effective Date: Fair Access to Financial Services
April 01, 2021
The Office of the Comptroller of the Currency is issuing this final rule to ensure that national banks and Federal savings associations provide fair access to financial services. Read more here.
Comment Period: FRB: Community Reinvestment Act
February 16, 2021
The Board of Governors of the Federal Reserve System (Board) is publishing for public comment an advance notice of proposed rulemaking (ANPR) to solicit public input regarding modernizing the Board's Community Reinvestment Act regulatory and supervisory framework. The Board is seeking comment on all aspects of the ANPR from all interested parties and also requests…
Comment Period: Resolution Planning
March 29, 2021
The Federal Housing Finance Agency (FHFA) is seeking comment on a proposed rule that would require Fannie Mae and Freddie Mac (the Enterprises) to develop plans to facilitate their rapid and orderly resolution in the event FHFA is appointed receiver. A resolution planning rule is an important part of FHFA's on-going effort to develop a…
Comment Period: Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers
April 12, 2021
The OCC, Board, and FDIC (together, the agencies) invite comment on a notice of proposed rulemaking (proposed rule or proposal) that would require a banking organization to provide its primary federal regulator with prompt notification of any “computer-security incident” that rises to the level of a “notification incident.” The proposed rule would require such notification…
Comment Period: Exemptions to Suspicious Activity Report Requirements
February 22, 2021
The FDIC is inviting comment on a proposed rule that would modifyStart Printed Page 6581the requirements for FDIC-supervised institutions to file Suspicious Activity Reports (SARs). The proposed rule would amend the FDIC's SAR regulation to allow the FDIC to issue exemptions from the SAR requirements. The proposed rule would make it possible for the FDIC…
Submission of 2020 HMDA Data
March 01, 2021
Submissions of 2020 HMDA data will be considered timely if received on or before Monday, March 1st, 2021.