Events

  • Effective Date: Regulatory Capital Simplification Final Rule (April 1, 2020)

    April 1, 2020

    The portions of the final rule related to simpler requirements for mortgage servicing assets, certain deferred tax assets, investments in the capital of unconsolidated financial institutions, and minority interest (incorporated in the amendatory instructions 7, 8, 24, 30, 31, 47.b, 53, 54, and 70) are effective on April 1, 2020. The portions of the final rule related to the technical amendments (incorporated in the amendatory instructions 1-6, 9-23, 25-29, 32-46, 47.a, 48-52, and 55-69) are effective October 1, 2019. Any banking organization subject to the capital rule may elect to adopt the technical amendments that are effective October 1, 2019, prior to that date. Read more here

  • Comment Period: Proposal to modify Volcker rule “covered funds” restrictions

    April 1, 2020

    The OCC, Board, FDIC, SEC, and CFTC (together, the agencies) are inviting comment on a proposal that would amend the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). Section 13 contains certain restrictions on the ability of a banking entity or nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The proposed amendments are intended to continue the agencies’ efforts to improve and 2 streamline the regulations implementing section 13 of the BHC Act by modifying and clarifying requirements related to the covered fund provisions. Read more here

  • Live Membership Demo 04-02-2020

    April 2, 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • PUBLIC WEBINAR: Paycheck Protection Program (PPP)

    April 6, 2020

    Description: On March 27, 2020 the House of Representatives passed the $2+ trillion dollar stimulus bill, the CARES Act, in an effort to revive the US economy from the associated economic fallout caused by the COVID-19 pandemic. The CARES Act builds upon two former pieces of legislation by providing more robust support for individuals and businesses, including changes to tax policy. It expanded the unemployment insurance for workers, but it also allocated $350 billion to the Paycheck Protection Program, which is meant to help small businesses (fewer than 500 employees) impacted by the pandemic and the economic downturn. It will allow them to borrow money for payroll, rent, or mortgage and utilities, as well as debt obligations during the “covered period.” This webinar will answer key questions regarding the Paycheck Protection Program (PPP) eligibility, terms, applications and other related topics.

    People who should attend: Board of Directors, Senior Management, Lending, Compliance, Enterprise Risk, Marketing, Accounting, Audit and Front lines of staff

    Registration link to come!

    The webinar will start at 12:30 PM Pacific / 1:30 PM Mountain / 2:30 PM Central / 3:30 PM Eastern.
    Members must be logged in to watch this webinar. To learn how to use our third-party meeting software, please download our guide here.

  • Live Membership Demo 04-07-2020

    April 7, 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Comment Period: Community Reinvestment Act Regulations

    April 8, 2020

    Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) propose regulations that could encourage banks to provide billions more each year in Community Reinvestment Act-qualified lending, investment, and services by modernizing the Community Reinvestment Act (CRA) regulations to better achieve the law's underlying statutory purpose of encouraging banks to serve their communities by making the regulatory framework more objective, transparent, consistent, and easy to understand. To accomplish these goals, this proposed rule would strengthen the CRA regulations by clarifying which activities qualify for CRA credit, updating where activities count for CRA credit, creating a more transparent and objective method for measuring CRA performance, and providing for more transparent, consistent, and timely CRA-related data collection, recordkeeping, and reporting. Read more here. Extended to April 8, 2020 here

  • Live Membership Demo 04-09-2020

    April 9, 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Live Membership Demo 04-14-2020

    April 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Live Membership Demo 04-16-2020

    April 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Live Membership Demo 04-21-2020

    April 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Live Membership Demo 04-23-2020

    April 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Live Membership Demo 04-28-2020

    April 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Live Membership Demo 04-30-2020

    April 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 hour. It is offered every Tuesday and Thursday, at 10:00am and 1:00pm respectively.

    Register Here

  • Effective Date: Availability of Funds and Collection of Checks (Regulation CC) (July 1)

    July 1, 2020

    SUMMARY:

    The Board and the Bureau (Agencies) are amending Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), to implement a statutory requirement in the EFA Act to adjust the dollar amounts under the EFA Act for inflation. The Agencies are also amending Regulation CC to incorporate the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) amendments to the EFA Act, which include extending coverage to American Samoa, the Commonwealth of the Northern Mariana Islands, and Guam, and making certain other technical amendments.

    DATES:

    This rule is effective September 3, 2019, except for the amendments to 12 CFR 229.1, 229.10, 229.11, 229.12(d), 229.21, and appendix E to part 229, which are effective July 1, 2020.

     

    Read more here

  • Compliance Date: Payday Mandatory Underwriting Provisions

    November 19, 2020

    The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule to delay the August 19, 2019 compliance date for the mandatory underwriting provisions of the regulation promulgated by the Bureau in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Final Rule or Rule). Compliance with these provisions of the Rule is delayed by 15 months, to November 19, 2020. The Bureau is also making certain conforming changes and corrections to address several clerical and nonsubstantive errors it has identified in the Rule. Read more here

  • Mandatory Compliance Date: Changes to Simplify Volcker rule

    January 1, 2021

    Under the revised rule, firms that do not have significant trading activities will have simplified and streamlined compliance requirements, while firms with significant trading activity will have more stringent compliance requirements. Community banks generally are exempt from the Volcker rule by statute. The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law. With the changes, the agencies expect that the universe of trades that are considered prohibited proprietary trading will remain generally the same as under the agencies' 2013 rule.

    The rules will be effective on January 1, 2020, with a compliance date of January 1, 2021. Read more here

  • Effective Date: NACHA New Same Day ACH Processing Window with Expanded Hours

    March 19, 2021

    Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day. The second increases the Same Day ACH per-transaction dollar limit to $100,000. The third increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. Read more here

    *The effective date for Phase 3 was recently deferred for 6 months from September 18, 2020, to March 19, 2021: https://www.nacha.org/news/ach-operations-bulletin-2-2019-effective-date-new-same-day-ach-window-deferred-six-months?utm_content=87540411&utm_medium=social&utm_source=twitter&hss_channel=tw-2581787594 

  • Effective Date: FRB Approves Changes to Federal Reserve Banks’ Payment Services to Facilitate Same Day ACH Processing at a Later Date

    March 19, 2021

    The Board of Governors (Board) has approved modifications to the Federal Reserve Banks' (Reserve Banks) payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window. Specifically, the Reserve Banks will extend the daily operating hours of the National Settlement Service (NSS) and the Fedwire® Funds Service. To mitigate the risk that these modified hours will cause more frequent delays to the 9:00 p.m. eastern time (ET) reopening of the Fedwire Funds Service, the Reserve Banks will modify the practice of maintaining a 2-hour window between the closing and reopening of the Fedwire Funds Service to maintain only a 90-minute window, and will increase the $1 billion value threshold for extending the closing of the Fedwire Funds Service to $3 billion. Finally, the Board has approved corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy). Read more here