Events

  • Live Membership Demo 01-26-202

    January 26, 2021

    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

  • PPP Compliance Huddle (01/27/2021)

    January 27, 2021

    To help bankers with the reopening of PPP, C/A has opened its huddles to members and non-members who are part of an FDIC-insured bank. This is an interactive event facilitated by our compliance professionals. 

    Every month, Compliance Alliance gathers bankers from our community nationwide and engages them to an open discussion about the issues that their organizations are navigating. This week's Huddle is going to focus on the newly released materials from the Small Business Administration and the U.S. Treasury as it relates to the Paycheck Protection Program and the Economic Aid Act's amendments. We will be going over what is known, some frequently asked questions, and what remains unclear. The registration form will allow you to suggest topics to be discussed. The call will last one hour.

    Ways to Participate:

    • Upon registration, you can submit a topic for discussion!
    • During the huddle, feel free to use the 'raise hand' feature to be unmuted and participate in the conference call with your phone or microphone.
    • If you do not have a microphone and are not near a phone, WebEx (our third-party broadcast software) has a chat feature and our hosts are always happy to pass your questions and concerns to the presenter.
    • Not feeling tech-savvy? You can familiarize yourself with WebEx using our handy guide, here or watch our brief instructional video, here.

    Register Here

    Presenter: Elizabeth K. Madlem, Vice President of Compliance Operations and Deputy General Counsel

    Elizabeth is the Vice President of Compliance Operations and Deputy General Counsel at Compliance Alliance. In the past, she served as both the Operations Compliance Manager and Enterprise Risk Manager for Washington Federal Bank, a $16 billion dollar organization headquartered in Seattle, WA. She has industry expertise and real-world solutions surrounding bank-enterprise initiatives and knowledge of contract law and bank regulatory compliance. An attorney since 2010, Elizabeth was a Summa Cum Laude, Phi Beta Kappa, Delta Epsilon Sigma graduate of Saint Michael’s College in Burlington, VT, and a Juris Doctor from Valparaiso University School of Law in Indiana.

    As the Vice President of Compliance Operations, Elizabeth will be overseeing C/A’s day-to-day operations of the Hotline, as well as leading our Education initiatives. Elizabeth plays an important part in all operational areas of C/A.

  • Live Membership Demo 01-28-2021

    January 28, 2021

    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 02-02-2021

    February 2, 2021

    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 02-04-2021

    February 4, 2021

    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: 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

  • Effective Date: Final Rule on Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies

    April 1, 2021

    The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule that applies to advanced approaches banking organizations with the aim of reducing both interconnectedness within the financial system and systemic risk. The final rule requires deduction from a banking organization’s regulatory capital for certain investments in unsecured 2 debt instruments issued by foreign or U.S. global systemically important banking organizations (GSIBs) for the purposes of meeting minimum total loss absorbing capacity (TLAC) requirements and, where applicable, long-term debt requirements, or for investments in unsecured debt instruments issued by GSIBs that are pari passu or subordinated to such debt instruments. In addition, the Board is adopting changes to its TLAC rules to clarify requirements and correct drafting errors. Read more here.

  • Effective Date: Final Rule on Net Stable Funding Ratio

    July 1, 2021

    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 adopting a final rule that implements a stable funding requirement, known as the net stable funding ratio (NSFR), for certain large banking organizations. The final rule establishes a quantitative metric, the NSFR, to measure the stability of the funding profile of Page 2 of 341 certain large banking organizations and requires these banking organizations to maintain minimum amounts of stable funding to support their assets, commitments, and derivatives exposures over a one-year time horizon.

    The NSFR is designed to reduce the likelihood that disruptions to a banking organization’s regular sources of funding will compromise its liquidity position, promote effective liquidity risk management, and support the ability of banking organizations to provide financial intermediation to businesses and households across a range of market conditions. The NSFR supports financial stability by requiring banking organizations to fund their activities with stable sources of funding on an ongoing basis, reducing the possibility that funding shocks would substantially increase distress at individual banking organizations.

    The final rule applies to certain large U.S. depository institution holding companies, depository institutions, and U.S. intermediate holding companies of foreign banking organizations, each with total consolidated assets of $100 billion or more, together with certain depository institution subsidiaries (together, covered companies). Under the final rule, the NSFR requirement increases in stringency based on risk-based measures of the top-tier covered company.

    U.S. depository institution holding companies and U.S. intermediate holding companies subject to the final rule are required to publicly disclose their NSFR and certain components of their NSFR every second and fourth calendar quarter for each of the two immediately preceding calendar quarters.

    The final rule also amends certain definitions in the agencies’ liquidity coverage ratio rule that are also applicable to the NSFR. Read more here.

  • Effective Date: CFPB Final Rule Regarding HMDA Thresholds

    January 1, 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 setting the threshold for reporting data about open-end lines of credit at 200 open-end lines of credit effective January 1, 2022, upon the expiration of the current temporary threshold of 500 open-end lines of credit.

    DATES:

    This final rule is effective on July 1, 2020, except for the amendments to § 1003.2 in amendatory instruction 5, the amendments to § 1003.3 in amendatory instruction 6, and the amendments to supplement I to part 1003 in amendatory instruction 7, which are effective on January 1, 2022. See part VI for more information.

    Read more here

  • Effective Date: OCC CRA Final Rule January 1, 2023

    January 1, 2023

    SUMMARY: The Office of the Comptroller of the Currency (OCC) is adopting a final rule to strengthen and modernize the Community Reinvestment Act (CRA) by clarifying and expanding the activities that qualify for CRA credit; updating where activities count for CRA credit; creating a more consistent and objective method for evaluating CRA performance; and providing for more timely and transparent CRA-related data collection, recordkeeping, and reporting.

    DATES: This rule is effective on October 1, 2020. Banks must comply with the final amendments by October 1, 2020, January 1, 2023, or January 1, 2024, as applicable. Until the compliance dates, banks must continue to comply with parts 25 and 195 that are in effect on September 30, 2020 (as set forth in appendix C to 12 CFR 25). Alternatively, the OCC may permit a bank to voluntarily comply, in whole or in part, with the amendments adopted in this release prior to the applicable compliance dates. Parts 25 and 195 that are in effect on September 30, 2020 (as set forth in appendix C) expire on January 1, 2024.

    Read more here

  • Effective Date: OCC CRA Final Rule January 1, 2024

    January 1, 2024

    SUMMARY: The Office of the Comptroller of the Currency (OCC) is adopting a final rule to strengthen and modernize the Community Reinvestment Act (CRA) by clarifying and expanding the activities that qualify for CRA credit; updating where activities count for CRA credit; creating a more consistent and objective method for evaluating CRA performance; and providing for more timely and transparent CRA-related data collection, recordkeeping, and reporting.

    DATES: This rule is effective on October 1, 2020. Banks must comply with the final amendments by October 1, 2020, January 1, 2023, or January 1, 2024, as applicable. Until the compliance dates, banks must continue to comply with parts 25 and 195 that are in effect on September 30, 2020 (as set forth in appendix C to 12 CFR 25). Alternatively, the OCC may permit a bank to voluntarily comply, in whole or in part, with the amendments adopted in this release prior to the applicable compliance dates. Parts 25 and 195 that are in effect on September 30, 2020 (as set forth in appendix C) expire on January 1, 2024.

    Read more here