Upcoming Events
CFPB Credit Card Agreement Submission Deadline
May 02, 2016
The Truth in Lending Act (TILA) and Regulation Z (12 CFR 1026) require credit card issuers to submit their currently-offered credit card agreements to the Consumer Financial Protection Bureau (Bureau), to be posted on the Bureau’s website. In April 2015, the Bureau suspended that submission obligation for a period of one year. That suspension has…
Comment Period: NACHA Third-Party Sender Registration
April 01, 2016
NACHA is providing an opportunity for additional comment on revisions to a previously proposed rule change that would require Originating Depository Financial Institutions (ODFIs) to register their Third-Party Senders with NACHA. Read more here.
Social Media Webinar
March 17, 2016
Engaging with members in social media is not a free lunch. Banks using social media face increased compliance, legal, operational and reputation risks. A key component to a bank’s social media approach needs to be a comprehensive risk management program. FFIEC’s guidance indicates that a successful program includes: a governance structure with clear roles and…
Deadline to Register for DoD Database Access
February 15, 2016
HMDA- Regulation C Final Rule – Webinar
February 17, 2016
HMDA – Regulation C Final Rule: What you need to know. The webinar will discuss, in detail, the new HMDA requirements including who is a required reporter, what the new data points are and all the effective dates. In addition, the webinar will provide a refresher on the rules in effect for this year ahead…
Comment Period: Customer Due Diligence Requirements for Financial Institutions
January 25, 2016
By this notice, the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury (Treasury) announces the availability of two related documents that are part of the Customer Due Diligence Requirements for Financial Institutions Proposed Rulemaking: A Regulatory Impact Assessment (RIA) and an Initial Regulatory Flexibility Analysis (IRFA). Read more here.
Mandatory Compliance: Option to Escrow Flood Insurance
June 30, 2016
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) (collectively, the Agencies) are amending their regulations regarding loans in areas having special flood hazards to implement certain provisions of…
Comment Period: Proposed Agency Information Collection Activities
November 17, 2015
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC (the “agencies”) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB)…
FDIC Seeking Comment on FAQ Regarding Identifying, Accepting, and Reporting Brokered Deposits
December 28, 2015
The FDIC is seeking comment for 45 days on a proposed update to a series of frequently asked questions (FAQs) and an accompanying introductory letter regarding identifying, accepting and reporting brokered deposits that were issued in January 2015 through FIL-2-2015. The comment period ends December 28, 2015. Click here for more information.
Joint Standards for Assessing the Diversity Policies and Practices of Entities
December 07, 2015
The OCC, FDIC, CFPB, and SEC (each, an Agency and collectively, the Agencies) have submitted to OMB a request for approval under the PRA of the collection of information discussed below. The Board (also an Agency and included in Agencies) reviewed the joint notice under the authority delegated to the Board by OMB. An agency…
Effective Date: FDIC Electronic Operations
November 27, 2015
The Federal Deposit Insurance Corporation (“FDIC”) is adopting a final rule to rescind and remove from the Code of Federal Regulations the transferred regulation entitled “Electronic Operations.” This regulation was included in the regulations that were transferred to the FDIC from the Office of Thrift Supervision (“OTS”) on July 21, 2011, in connection with the…
Effective Date: FDIC Fair Credit Reporting
November 27, 2015
The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule (Final Rule) to make several amendments to its regulations covering “Fair Credit Reporting.” The amendments conform FDIC Fair Credit Reporting regulations to the Dodd-Frank Act by consolidating the regulations for all institutions for which the FDIC is the appropriate Federal banking agency into a…
Effective Date: FDIC Safety and Soundness
November 27, 2015
The Federal Deposit Insurance Corporation (“FDIC”) is adopting a final rule (“Final Rule”) to rescind and remove from the Code of Federal Regulations 12 CFR part 391, subpart B (“part 391, subpart B”), entitled “Safety and Soundness Guidelines and Compliance Procedures,” appendices A and B to part 391, subpart B, and supplement A to appendix B….
Comment Period: AML and SAR Requirements for Registered Investment Advisers
November 02, 2015
Financial Crimes Enforcement Network (“FinCEN”), a bureau of the Department of the Treasury (“Treasury”), is issuing this notice of proposed rulemaking to prescribe minimum standards for anti-money laundering programs (“AML”) to be established by certain investment advisers and to require such investment advisers to report suspicious activity to FinCEN pursuant to the Bank Secrecy Act…
New Website Training
May 05, 2015
This training will assist members in using the new website, which launched on April 30, 2015. We will prepare you to navigate the new website, search for tools and use the new functionalities. We recommend all members attend – this is the second training of this type. The other training was presented on April 23….
(Part 2) Integrated Mortgage Disclosures Webinar
May 21, 2015
Compliance Alliance's Integrated Mortgage Disclosure webinar will cover completing the new disclosures required by the new rule, in an effort to prepare banks for implementation on August 1st. The webinar will give a brief overview of the purpose and scope of the rule and then quickly dive into the details of the timing and content…
(Part 1) Integrated Disclosures Webinar
May 12, 2015
Compliance Alliance's Integrated Mortgage Disclosure webinar will cover completing the new disclosures required by the new rule, in an effort to prepare banks for implementation on August 1st. The webinar will give a brief overview of the purpose and scope of the rule and then quickly dive into the details of the timing and content…