Upcoming Events
Comment Period: Treatment of Certain COVID-19 Related Loss Mitigation Options Under RESPA
August 14, 2020
The Bureau of Consumer Financial Protection (Bureau) is issuing this interim final rule to amend Regulation X. The amendments temporarily permit mortgage servicers to offer certain loss mitigation options based on the evaluation of an incomplete loss mitigation application. Eligible loss mitigation options, among other things, must permit borrowers to delay paying certain amounts until…
Last day for lenders to obtain an SBA loan number for PPP loans!
June 30, 2020
From Interim Final Rule #19: …Specifically, small businesses that have yet to apply for and receive a PPP loan need to be informed of the terms of PPP loans as soon as possible, because the last day on which a lender can obtain an SBA loan number for a PPP loan is June 30, 2020……
Effective Date: FDIC Final Rule Regarding Mitigating the Deposit Insurance Assessment for Participating in PPP, PPPLF, and MMMFLF
June 26, 2020
The Federal Deposit Insurance Corporation is adopting a final rule that mitigates the deposit insurance assessment effects of participating in the Paycheck Protection Program (PPP) established by the Small Business Administration (SBA), and the Paycheck Protection Program Liquidity Facility (PPPLF) and Money Market Mutual Fund Liquidity Facility (MMLF) established by the Board of Governors of…
Applicability Date: FDIC Final Rule Regarding Mitigating the Deposit Insurance Assessment for Participating in PPP, PPPLF, and MMMFLF
April 01, 2020
The Federal Deposit Insurance Corporation is adopting a final rule that mitigates the deposit insurance assessment effects of participating in the Paycheck Protection Program (PPP) established by the Small Business Administration (SBA), and the Paycheck Protection Program Liquidity Facility (PPPLF) and Money Market Mutual Fund Liquidity Facility (MMLF) established by the Board of Governors of…
Effective Date: Determining “Underserved” Areas Using HMDA Data
June 26, 2020
This interpretive rule construes the Bureau of Consumer Financial Protection's (Bureau's) Regulation Z, which implements the Truth in Lending Act (TILA). The Bureau produces annually a list of rural and underserved counties and areas that is used in applying various Regulation Z provisions, such as the exemption from the requirement to establish an escrow account…
Effective Date: FHFA amendments to FHLB Housing Goals regulation
August 24, 2020
The Federal Housing Finance Agency (FHFA) is amending the existing Federal Home Loan Bank (Bank) Housing Goals regulation. The final rule replaces the existing regulation's four separate retrospective housing goals with a single prospective mortgage purchase housing goal with a target level of 20 percent. The final rule also establishes a separate small member participation…
Comment Period: OCC reduction in assessment fees
July 24, 2020
The Office of the Comptroller of the Currency (OCC) is adopting an interim final rule to reduce assessments in response to the national emergency declared in connection with coronavirus disease 2019 (COVID-19). Under the interim final rule, assessments due on September 30, 2020, for national banks, Federal savings associations, and Federal branches and agencies of…
Live Membership Demo 07-02-2020
July 02, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-09-2020
July 09, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-16-2020
July 16, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-23-2020
July 23, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-30-2020
July 30, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-07-2020
July 07, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-14-2020
July 14, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-21-2020
July 21, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
Live Membership Demo 07-28-2020
July 28, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…
FREE WEBINAR: PPP, PPPFA, and Next Steps
June 25, 2020
Description: The Paycheck Protection Program is a living document — recent changes with the enactment of the Paycheck Protection Program Flexibility Act of 2020 as well as all the new Interim Final Rules and FAQs are altering the ways both lenders and borrowers are approaching the forgiveness process. This brief webinar will focus on those changes, what…
Comment Period: Amendments to Facilitate the LIBOR Transition (Regulation Z)
August 04, 2020
The CFPB is proposing to amend Regulation Z, which implements the Truth in Lending Act, generally to address the sunset of LIBOR, expected to be discontinued after 2021. The proposal is to facilitate creditors’ transition away from using LIBOR as an index for variable-rate consumer credit products. The Bureau is proposing changes to certain open-end…
Comment Period: Federal Reserve seeks public feedback on proposal to expand Main Street Lending Program to nonprofit organizations
June 22, 2020
Because the circumstances, structure, and needs of nonprofit organizations vary widely, public feedback is being sought to help make the proposed program as efficient and effective as possible. Feedback may be submitted via email here until Monday, June 22. Feedback will be made available to the public, and comments should not include confidential information. Read more here.
Effective Date: PPP Flexibility Act
June 05, 2020
Public Law No: 116-142 (06/05/2020) Paycheck Protection Program Flexibility Act of 2020 This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan…
Comment Period: National Bank and Federal Savings Association Digital Activities
August 03, 2020
The Office of the Comptroller of the Currency (OCC) is interested in making sure it is aware of and understands the evolution of financial services, so it ensures the federal banking system continues to serve consumers, businesses, and communities effectively. Further, national banks and Federal savings associations (banks) must have a regulatory and supervisory framework…
Comment Period: Agencies Issue Interim Final Rule to Temporarily Amend the Supplementary Leverage Ratio Calculation
July 16, 2020
Agencies Issue Interim Final Rule to Temporarily Amend the Supplementary Leverage Ratio Calculation: This interim final rule is in response to COVID-19 and temporarily allows some banks to exclude US Treasury securities and deposit at Federal Reserve Banks from the supplementary leverage ratio. Read more here.
Comment Period: OCC telephonic and electronic participation at all board of directors, shareholder, and as applicable, member, meetings
July 13, 2020
The Office of the Comptroller of the Currency (OCC) is amending its regulations on activities and operations of national banks and corporate activities of Federal savings associations to provide that these institutions may permit telephonic and electronic participation at all board of directors, shareholder, and as applicable, member, meetings. This Interim Final Rule (IFR) will…
Comment Period: FinCEN Issues Notice and Request for Comment Regarding the SAR Requirements
July 27, 2020
FinCEN Issues Notice and Request for Comment Regarding the SAR Requirements: This notice is not proposing any changes at the this time but is requesting comment on the rule. Read more here.
Live Membership Demo 06-02-2020
June 02, 2020
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This interactive virtual tour will provide an in-depth look at each of our tool types and resource categories, as well as an overview of all of C/A's additional services. This meeting is presented by our Membership team, and will last about an…