Upcoming Events
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…
Live Membership Demo 06-09-2020
June 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 06-16-2020
June 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 06-23-2020
June 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 06-30-2020
June 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 06-04-2020
June 04, 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 06-11-2020
June 11, 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 06-18-2020
June 18, 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 06-25-2020
June 25, 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…
PPP Compliance Huddle (6/17/2020)
June 17, 2020
To help bankers with the COVID-19 crisis, C/A has opened its huddles to members and non-members part of an FDIC-insured bank. This is an interactive event facilitated by our compliance professionals. Ways to Participate: Upon registration, you can submit a topic for discussion! During the huddle, feel free to use the 'raise hand' feature to…
PPP Compliance Huddle (6/24/2020)
June 24, 2020
To help bankers with the COVID-19 crisis, C/A has opened its huddles to members and non-members part of an FDIC-insured bank. This is an interactive event facilitated by our compliance professionals. Ways to Participate: Upon registration, you can submit a topic for discussion! During the huddle, feel free to use the 'raise hand' feature to…
PUBLIC WEBINAR: PPP Loan Forgiveness: What We Know
May 26, 2020
Description: The Paycheck Protection Program (PPP) was rolled out by the U.S. Small Business Administration (SBA) to provide the critical support needed for small businesses that have been affected by COVID-19. Loans were designed to provide a direct incentive for small businesses to keep their workers on the payroll, and then — if all employees were…
Effective Date: DOL Section 7(i) Exemption Final Rule
May 19, 2020
Section 7(i) of the Fair Labor Standards Act (FLSA or Act) provides an exemption from the Act's overtime compensation requirement for certain commissioned employees employed by a retail or service establishment. In this final rule, the Department of Labor (Department) withdraws the “partial list of establishments” that it previously viewed as having “no retail concept”…
Comment Period: Debt Collection Practices (Regulation F); Extension of Comment Period
August 04, 2020
***Extended*** On March 3, 2020, the CFPB published in the Federal Register a Supplemental Notice of Proposed Rulemaking (SNPRM) requesting comment on the Bureau’s proposal to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA), to require debt collectors to make certain disclosures when collecting time-barred debts. The SNPRM provided a 60-day…
Deadline: SBA Paycheck Protection Program Loan Review
May 15, 2020
The SBA sent the following message the afternoon of May 14, 2020, with the request that it be distributed throughout the PPP lending community. Please note SBA has a requested turnaround time of no later than 4:00 CDT Friday, May 15, 2020. MESSAGE SENT BY SBA Paycheck Protection Program (PPP) Lending Operations Update – Thursday,…