Banker Compliance News
Banking compliance professionals require hot-topic news on consumer and regulatory compliance updates, decisions, amendments, changes and launches from across a wide spectrum of news agencies and federal websites. Not only do we update our News pages with individual news items and their links, but these are sent to members in a Daily Bank Compliance email that can be signed up for once new members log-in. Compliance Alliance monitors these agencies for bank compliance news updates throughout the day—posting relevant information to our News page. This is a valuable resource for Bank Managers and their employees.
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FDIC Issues CRA Examination Schedules for Second Quarter 2021 and Third Quarter 2021
February 26, 2021 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2021 and third quarter 2021.
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Federal and State Regulators Release Updates to the BSA/AML Examination Manual
February 26, 2021 / Source: FFIEC
The Federal Financial Institutions Examination Council (FFIEC) today released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual).
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FDIC Makes Public January Enforcement Actions Friday, February 26, 2021
February 26, 2021 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January.
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FDIC-Insured Institutions Reported Net Income of $59.9 Billion In Fourth Quarter 2020
February 25, 2021 / Source: FDIC
For the commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $59.9 billion in fourth quarter 2020, an increase of $5 billion (9.1 percent) from a year ago.
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Agencies Issue Shared National Credit Review
February 25, 2021 / Source: OCC
Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today.
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Technical Assistance Videos on Fair Lending
February 24, 2021 / Source: FDIC
The FDIC has released nine technical assistance videos on fair lending.
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OCC Issues Second and Third Quarter 2021 CRA Evaluation Schedule
February 24, 2021 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second quarter and third quarter 2021.
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FinCEN Issues Advisory on Financial Crimes Targeting COVID-19 Economic Impact Payments and a Companion Notice Providing Filing Instructions for Financial Institutions
February 24, 2021 / Source: FinCEN
The Financial Crimes Enforcement Network (FinCEN) today issued an advisory to alert financial institutions to fraud and other financial crimes related to Economic Impact Payments (EIPs), authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.
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Proposed Revisions to the Consolidated Reports of Condition and Income (Call Reports) Related to Brokered Deposits and Sweep Deposits
February 23, 2021 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (collectively, the agencies), under the auspices of the Federal Financial Institutions Examination Council (FFIEC), are requesting comment on proposed revisions affecting reporting forms and instructions for the Call Reports.
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Making our housing market work better for all Americans
February 23, 2021 / Source: CFPB
The COVID-19 pandemic has left almost 3 million American homeowners behind on their mortgages.
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CFPB Updates Guidance for the ATR/QM Rule
February 23, 2021 / Source: CFPB
The Bureau has updated the small entity compliance guide and other compliance aids related to the ATR/QM Rule.
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Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms
February 23, 2021 / Source: OCC
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.
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FDIC Publishes 2020 Annual Report
February 22, 2021 / Source: FDIC
The Federal Deposit Insurance Corporation released its 2020 Annual Report.
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Consumer Financial Protection Bureau and Virginia, Massachusetts, and New York Attorneys General Sue Libre for Predatory Immigrant-Services Scam
February 22, 2021 / Source: CFPB
Today the Consumer Financial Protection Bureau (CFPB), in partnership with Virginia, Massachusetts, and New York, is suing Libre by Nexus, Inc. (Libre) and its owners for a predatory immigrant-services scam that traps victims into paying expensive, long-term fees.
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Top Management and Performance Challenges Facing the Federal Deposit Insurance Corporation
February 19, 2021 / Source: FDIC OIG
The Office of Inspector General (OIG) at the Federal Deposit insurance Corporation (FDIC) has issued its report identifying the Top Management and Performance Challenges (TMPC) facing the FDIC.
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Monetary Policy Report February 19, 2021
February 19, 2021 / Source: FRB
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Revisions to the Consolidated Reports of Condition and Income (Call Report) Related to Asset Threshold Relief February 19, 2021
February 19, 2021 / Source: FDIC
On February 18, 2021, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Board), and the Office of the Comptroller of the Currency (collectively, the agencies), under the auspices of the Federal Financial Institutions Examination Council (FFIEC), published the attached final regulatory reporting changes in the Federal Register.
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FHFA Releases Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions
February 18, 2021 / Source: FHFA
The Federal Housing Finance Agency (FHFA) today released the 2021 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions.
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Federal Reserve Board announces final rule intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions
February 18, 2021 / Source: FRB
The Federal Reserve Board on Thursday announced a final rule that is intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions.
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OCC Enforcement Actions and Terminations February 18, 2021
February 18, 2021 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.
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Final Rule to Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses (CECL) Methodology
February 17, 2021 / Source: FDIC
On February 16, 2021, the FDIC Board of Directors adopted a final rule addressing the temporary deposit insurance assessment effects resulting from certain optional regulatory capital transition provisions relating to the implementation of the current expected credit losses (CECL) methodology.
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Role of Supervisory Guidance: Final Rule
February 17, 2021 / Source: OCC
The Office of the Comptroller of the Currency (OCC) has approved a final rule which confirms that supervisory guidance does not create binding legal obligations for the public.
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Minutes of the Federal Open Market Committee, January 26-27, 2021
February 17, 2021 / Source: FRB
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 26-27, 2021.
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OCC Allows National Banks and Federal Savings Associations Affected by Winter Storm Uri to Close
February 16, 2021 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by emergency weather conditions associated with Winter Storm Uri at their discretion.
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Homeowners have expanded access to protections
February 16, 2021 / Source: CFPB
If you’re struggling to pay your mortgage during the COVID-19 pandemic, you’re not alone. Millions of Americans are behind on mortgage payments. But help is available to most homeowners: