Upcoming Events
Comment Period: FinCEN Issues Notice and Request for Comment Regarding the CTR Requirements
July 13, 2020
FinCEN Issues Notice and Request for Comment Regarding the CTR Requirements: This notice is not proposing any changes at the this time but is requesting comment on the rule. Read more here.
PUBLIC WEBINAR: A Guide for Reopening Financial Institutions
May 18, 2020
Description: As the widespread effects of COVID-19 begin to slowly recede, reopening your financial institutions will be one of the most critical decisions within your organizations. COVID-19 is going to force branches to make changes when it comes to safety, and banks will struggle to accomplish banking functions in a post-COVID environment. This webinar presentation will assist banks in reviewing…
Effective Date: CFPB Final Rule Regarding HMDA Thresholds
July 01, 2020
The Bureau of Consumer Financial Protection (Bureau) is amending Regulation C to increase the threshold for reporting data about closed-end mortgage loans, so that institutions originating fewer than 100 closed-end mortgage loans in either of the two preceding calendar years will not have to report such data effective July 1, 2020. The Bureau is also…
Effective Date: CFPB Final Rule Regarding HMDA Thresholds
January 01, 2022
The Bureau of Consumer Financial Protection (Bureau) is amending Regulation C to increase the threshold for reporting data about closed-end mortgage loans, so that institutions originating fewer than 100 closed-end mortgage loans in either of the two preceding calendar years will not have to report such data effective July 1, 2020. The Bureau is also…
Comment Period: FDIC Issues Proposed Rule Regarding Mitigating the Deposit Insurance Assessment for Participating in PPP, PPPLF, and MMMFLF
May 27, 2020
FDIC Issues Proposed Rule Regarding Mitigating the Deposit Insurance Assessment for Participating in PPP, PPPLF, and MMMFLF: This proposed rule would remove the affects of participating in these programs by adjusting various risk measures. Read more here.
Interim Final Rule: Deadline for PPP Limited Safe Harbor
May 18, 2020
This interim final rule revises the interim final rule posted on April 24, 2020, by extending the date by which certain Paycheck Protection Program borrowers may repay their loans from May 7, 2020 to May 14, 2020, in order to avail themselves of a safe harbor with respect to a certification required by the Act,…
Interim Final Rule: Deadline for Submission of the Initial SBA Form 1502
May 29, 2020
The extension of the safe harbor requires a corresponding date change to the interim final rule that SBA posted on its website on April 28, 2020, which was published in the Federal Register on May 4, 2020 (85 FR 26321), regarding PPP loan disbursements. Specifically, Part III.1.b. provides that Lenders must electronically upload SBA Form…
Comment Period: Liquidity Coverage Ratio Rule
June 05, 2020
To provide liquidity to the money market sector, small business lenders, and the broader credit markets in order to stabilize the financial system, the Board of Governors of the Federal Reserve System (Board) authorized the establishment of the Money Market Mutual Fund Liquidity Facility (MMLF) and the Paycheck Protection Program Liquidity Facility (PPPLF), pursuant to…
Effective Date: Modification to the LCR Rule
May 06, 2020
To provide liquidity to the money market sector, small business lenders, and the broader credit markets in order to stabilize the financial system, the Board of Governors of the Federal Reserve System (Board) authorized the establishment of the Money Market Mutual Fund Liquidity Facility (MMLF) and the Paycheck Protection Program Liquidity Facility (PPPLF), pursuant to…
Effective Date: CFPB Interpretative Rule Regarding TRID and Right of Rescission
May 04, 2020
The Bureau concludes in this interpretive rule that if a consumer determines that his or her need to obtain funds due to the COVID-19 pandemic (1) necessitates consummating the credit transaction before the end of the TRID Rule waiting periods or (2) must be met before the end of the Regulation Z Rescission Rules waiting…
PPP Compliance Huddle (5/20/2020)
May 20, 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 (5/27/2020)
May 27, 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 (6/3/2020)
June 03, 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…
Effective Date: Regulation D Amendments
April 24, 2020
The Board of Governors of the Federal Reserve System (“Board”) is amending its Regulation D (Reserve Requirements of Depository Institutions) to delete the numeric limits on certain kinds of transfers and withdrawals that may be made each month from “savings deposits.” The amendments are intended to allow depository institution customers more convenient access to their…
Comment Period: Regulation D Amendments
June 29, 2020
The Board of Governors of the Federal Reserve System (“Board”) is amending its Regulation D (Reserve Requirements of Depository Institutions) to delete the numeric limits on certain kinds of transfers and withdrawals that may be made each month from “savings deposits.” The amendments are intended to allow depository institution customers more convenient access to their…
Live Membership Demo 05-28-2020
May 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…
Live Membership Demo 05-21-2020
May 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 05-14-2020
May 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 05-07-2020
May 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 05-26-2020
May 26, 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 05-19-2020
May 19, 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 05-12-2020
May 12, 2020
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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively. Register…
Live Membership Demo 05-05-2020
May 05, 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…
Effective Date: CFPB Interpretive Rule Regarding Stimulus Checks and the Regulation E Compulsory Use Prohibition
April 27, 2020
The Bureau of Consumer Financial Protection (Bureau) is issuing this interpretive rule to provide guidance to government agencies distributing aid to consumers in response to the COVID-19 pandemic. The Bureau concludes in this interpretive rule that certain pandemic-relief payments are not “government benefits” for purposes of Regulation E and the Electronic Fund Transfer Act (EFTA)…
Applicability Date: Regulation D Reserve Requirements of Depository Institutions
March 26, 2020
The Board of Governors of the Federal Reserve System (“Board”) is amending its Regulation D (Reserve Requirements of Depository Institutions, 12 CFR part 204) to lower reserve ratios on transaction accounts maintained at depository institutions to zero percent. Read more here.