Upcoming Events
Final Rule: Amendment to Regulation P
September 17, 2018
The Bureau of Consumer Financial Protection (Bureau) is amending Regulation P, which requires, among other things, that financial institutions provide an annual notice describing their privacy policies and practices to their customers. The amendment implements a December 2015 statutory amendment to the Gramm-Leach-Bliley Act providing an exception to this annual notice requirement for financial institutions…
Effective Date: Securities Transaction Settlement Cycle
October 01, 2018
The OCC and the FDIC (“Agencies”) are adopting a final rule to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC-supervised institutions. The Agencies' final rule is consistent with an industry-wide transition to a two business-day settlement cycle, which is designed to reduce settlement exposure and…
Transition to Two-Business-Day Standard Securities Settlement Cycle
September 05, 2018
On September 5, 2017, the securities industry in the United States transitioned from a standard securities settlement cycle of three business days after the date of the contract, commonly known as “T+3,” to a two-business day standard, or “T+2.” The transition was the culmination of a multi-year securities industry initiative and rule changes implemented by…
Proposed Rule: Implementation and Transition of the CECL Methodology
July 13, 2018
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 2016-13, Topic 326, Financial…
Effective Date: Real Estate Appraisals
April 09, 2018
The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule to amend the agencies' regulations requiring appraisals of real estate for certain transactions. The final rule increases the threshold level at or below which appraisals are not required for commercial real estate transactions from $250,000 to $500,000. Read more here.
Mandatory Compliance: Beneficial Ownership Requirements for Automatic Rollovers or Renewals
September 09, 2018
On August 8, 2018, FinCEN extended the limited relief below an additional 30 days, up to and including September 8, 2018. Read more here. ________________________________________________ FinCEN issued this ruling to provide a 90-day limited exceptive relief to covered financial institutions from the Beneficial Ownership Requirements with respect to certain financial products and services that automatically…
Effective Date: 2018 TILA-RESPA “Black Hole” Rule
June 01 - June 02, 2018
On April 26, 2018, the Bureau of Consumer Financial Protection issued a final rule (2018 TILARESPA Rule) amending certain provisions in Regulation Z regarding when a creditor may use a Closing Disclosure to reset tolerances under the TILA-RESPA Rule. Read more here.
Transition to CTR Batch XML from ASCII Cutoff
June 01, 2018
Reminder on Transition to CTR Batch XML from ASCII Cutoff is June 1st, 2018. Financial institutions that batch file must file using the new XML format not later than the above date. If a financial institution is unable, then they must revert to the discrete option to file their reports until they are able to file…
SAR Update and Revision
June 01, 2018
Updates and revises the collection of information reported on SARs. This notice does not propose any new regulatory requirements or changes to the requirements related to suspicious activity reporting. Note that the announcement indicates the changes will be made in June 2018, but does not set a specific date. Read more here.
Effective Date: Payday, Vehicle Title, and Certain High-Cost Installment Loans
January 16 - January 17, 2018
The Bureau of Consumer Financial Protection (Bureau or CFPB) is issuing this final rule establishing regulations creating consumer protections for certain consumer credit products and the official interpretations to the rule. Read more here.
Effective Date: Revisions to Call Report
June 30, 2018
The comment period for the June 2017 notice ended on August 28, 2017. As described in the Supplementary Information section, after considering the comments received on the proposal, the FFIEC and the agencies will proceed with the proposed reporting revisions to the FFIEC 031, FFIEC 041, and FFIEC 051. Read more here.
Final Rule: CRA Amendments
January 01, 2018
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the Agencies) are amending their regulations implementing the Community Reinvestment Act (CRA). The Agencies are modifying the existing definitions of ‘‘home mortgage loan’’ and ‘‘consumer loan,’’ related cross…
Regulation E Prepaid Card Rule Webinar
May 18, 2017
The webinar will discuss, in detail, the amended Prepaid Card requirements effective October 1, 2017, (or April 1, 2018), the new definition of “prepaid” and the various Reg E requirements that will now apply to prepaid accounts. In addition, the webinar will provide information on the Regulation Z changes related to the designation of some…
Notice of Action Taken Webinar
April 20, 2017
This webinar will cover the credit application notification process. Specifically, it will discuss the notice of action taken requirements under the Equal Credit Opportunity Act (ECOA) and the adverse action notice requirements under the Fair Credit Reporting Act (FCRA). Register here
Small Dollar Lending Webinar
March 16, 2017
This webinar will cover the CFPB’s proposed rule on ending what it calls “payday debt traps” by imposing strong consumer protections on not only payday loans, but also auto loans, deposit advance products, and certain other high-cost installment loans. We’ll go over which loans are included and excluded from the definition of a “covered loan,”…
HMDA Webinar
February 16, 2017
HMDA – Regulation C Final Rule: What you need to know. The webinar will discuss, in detail, the amended HMDA requirements effective January 1, 2018, 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 via a recap…
Commercial Lending Compliance Webinar
January 19, 2017
While it’s easy to think of commercial borrowers as being exempt from regulatory requirements, that could not be further from the truth. Although the majority of compliance requirements do not apply to commercial customers, many do and they’re often overlooked. This webinar will review compliance requirements that apply to both consumer and commercial lending, including:…
Troubled Debt Restructuring (TDR) Webinar
December 15, 2016
This webinar will provide listeners with a better understanding of Troubled Debt Restructuring. Covered Topics Include: Overview Definition of TDR Identifying a TDR Accounting and Regulatory Classification Accrual Status and Classification A/B Note Structure Exercises Who should listen? Loan committee members, loan officers, and other loan administration and accounting personnel. Register here
End of NMLS Annual Renewal Period
December 31, 2016
The annual renewal period for 2017 began today, November 1, 2016 and ends Saturday, December 31, 2016. Read more here.
Fraudulent Checks Webinar
August 18, 2016
Unfortunately, most banks don't understand their legal rights and responsibilities when dealing with check fraud issues. This webinar will explain, in plain English, what a bank’s legal responsibility might be in various check fraud situations. More specifically, the presentation will address the following topics: Tips for spotting forged, counterfeit, and altered checks; Responsibilities and liability…
FBAR Filing Deadline
June 30, 2016
A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. The filing deadline is June 30, 2016. Read more here.
Fair Lending Webinar
June 16, 2016
Now, more than ever, it is important to take a good look at your Fair Lending compliance program. Non-compliance with fair lending laws can bring a host of regulatory enforcement actions, as well as negative publicity that could be detrimental to your company in many ways. This training will guide you through the maze of…
Live Membership Demo
June 09, 2016
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This virtual, interactive tour will provide an in-depth look at each of our tool types and resource categories. You will also learn more about the additional services that Compliance Alliance offers member banks. Register Here
Live Membership Demo
June 07, 2016
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This virtual, interactive tour will provide an in-depth look at each of our tool types and resource categories. You will also learn more about the additional services that Compliance Alliance offers member banks. Register Here
Live Membership Demo
June 02, 2016
Join us for a live demonstration of the benefits of membership with Compliance Alliance. This virtual, interactive tour will provide an in-depth look at each of our tool types and resource categories. You will also learn more about the additional services that Compliance Alliance offers member banks. Register Here