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.
Whitelist [email protected] to ensure that you receive your update email.
If you’re still having difficulties receiving this Daily Email Campaign, please contact us at once through [email protected].
Bureau of Consumer Financial Protection Issues Rule to Implement and Clarify New HMDA Amendments
August 31, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Issues Rule to Implement and Clarify New HMDA Amendments AUG 31, 2018 WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) issued an interpretive and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), which…
FDIC Makes Public July Enforcement Actions
August 31, 2018 / Source: FDIC
Press Releases FDIC Makes Public July Enforcement Actions; No Administrative Hearings Scheduled for September 2018 FOR IMMEDIATE RELEASE August 31, 2018 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. There are no administrative…
Agencies extend deadline for certain resolution plan submissions
August 31, 2018 / Source: FRB
Joint Press Release August 30, 2018 Agencies extend deadline for certain resolution plan submissions Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:00 p.m. EDT The Federal Reserve Board and the FDIC on Thursday announced that they have extended the next resolution plan filing deadline for a designated…
Federal Reserve Board issues enforcement action and announces termination of enforcement action
August 31, 2018 / Source: FRB
Press Release August 30, 2018 Federal Reserve Board issues enforcement action with The Bank of New York Mellon and announces termination of enforcement action with UCB Financial Group, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: The Bank of New York…
Interim final rule expanding the applicability of the Board’s small bank holding company policy…
August 30, 2018 / Source: FRB
Press Release August 28, 2018 Federal Reserve Board issues interim final rule expanding the applicability of the Board's small bank holding company policy statement For release at 1:30 p.m. EDT The Federal Reserve Board on Tuesday issued an interim final rule expanding the applicability of the Board's small bank holding company policy statement, as required…
OCC Issues Fourth Quarter 2018 and First Quarter 2019 CRA Evaluation Schedule
August 30, 2018 / Source: OCC
NR 2018-88 FOR IMMEDIATE RELEASE August 29, 2018 Contact: William Grassano (202) 649-6870 OCC Issues Fourth Quarter 2018 and First Quarter 2019 CRA Evaluation Schedule WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2018…
OCC Seeks Comments on Modernizing Community Reinvestment Act Regulations
August 30, 2018 / Source: OCC
NR 2018-87 FOR IMMEDIATE RELEASE August 28, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Seeks Comments on Modernizing Community Reinvestment Act Regulations WASHINGTON—The Office of the Comptroller of the Currency today released an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on the best ways to modernize the regulatory framework implementing the Community Reinvestment Act…
OCC Seeks Members for Its Mutual Savings Association Advisory Committee
August 28, 2018 / Source: OCC
NR 2018-86 FOR IMMEDIATE RELEASE August 27, 2018 Contact: William Grassano (202) 649-6870 OCC Seeks Members for Its Mutual Savings Association Advisory Committee WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Mutual Savings Association Advisory Committee (MSAAC). The MSAAC will provide the OCC with advice…
OCC Seeks Members for Its Minority Depository Institutions Advisory Committee
August 28, 2018 / Source: OCC
NR 2018-85 FOR IMMEDIATE RELEASE August 27, 2018 Contact: William Grassano (202) 649-6870 OCC Seeks Members for Its Minority Depository Institutions Advisory Committee WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the…
Forward Looking Supervision
August 28, 2018 / Source: FDICIG
Forward Looking Supervision Monday, August 27, 2018 Summary Announcement Forward Looking Supervision August 8, 2018 The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General issued an evaluation report that highlights the FDIC’s Forward Looking Supervision approach in conducting examinations of financial institutions. The evaluation focused on the FDIC’s Forward-Looking Supervisory initiative as part of…
FFIEC CRA Alert – CRA Data Entry Software Version 2018 Release 2
August 27, 2018 / Source: FFIEC
FFIEC CRA Alert – CRA Data Entry Software Version 2018 Release 2 The FFIEC CRA website has recently been updated. The 2018 CRA Data Entry Software Release 2 is now available. On behalf of the FFIEC, the Federal Reserve System designed the CRA Data Entry Software to assist respondents in automating the filing of their CRA data. The free…
Federal Reserve announces results of offering of seven-day term deposits on August 23
August 27, 2018 / Source: FRB
Press Release August 23, 2018 Federal Reserve announces results of offering of seven-day term deposits on August 23 For release at 3:30 p.m. EDT On August 23, 2018, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to…
New TRID Revisions Line by Line Webinar Part 2 is Now Available!
August 24, 2018 / Source:
New TRID Revisions Line by Line Webinar Part 2 is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Interim final rules expanding examination cycles for qualifying small banks…
August 23, 2018 / Source: FRB
Joint Press Release August 23, 2018 Agencies issue interim final rules expanding examination cycles for qualifying small banks and U.S. branches and agencies of foreign banks Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 3:00 p.m. EDT WASHINGTON–Federal banking agencies today…
Interim Rule Regarding the Treatment of Certain Municipal Securities as High-Quality Liquid Assets
August 23, 2018 / Source: FRB
Joint Press Release August 22, 2018 Agencies issue interim final rule regarding the treatment of certain municipal securities as high-quality liquid assets Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 4:00 p.m. EDT WASHINGTON–Three federal banking agencies today issued an interim…
Sentencing Hearing Scheduled for Kankakee County Man Guilty of Bank Fraud
August 22, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Wednesday, August 15, 2018 Sentencing Hearing Scheduled for Kankakee County Man Guilty of Bank Fraud Related to Construction Loans PEORIA, Ill. – Sentencing is scheduled on Dec. 6, 2018, for Daniel Ballard, 59, of Bourbonnais, Ill., for bank fraud related to construction loans. Ballard entered pleas of guilty to three…
Modifications to the Statement of Policy for Section 19 of the Federal Deposit Insurance Act
August 22, 2018 / Source: FDIC
Financial Institution Letters FIL-42-2018 August 20, 2018 Modifications to the Statement of Policy for Section 19 of the Federal Deposit Insurance Act Printable Format: FIL-42-2018 – PDF (PDF Help) Summary: The FDIC has issued modifications to its Statement of Policy (SOP) for Section 19 of the Federal Deposit Insurance (FDI) Act. Section 19 prohibits, without the prior…
Former president and CEO of NBRS Financial prohibited from participating in the banking industry
August 20, 2018 / Source: FRB
Press Release August 17, 2018 Federal Reserve Board prohibits former president and CEO of NBRS Financial from participating in the banking industry For release at 10:00 a.m. EDT The Federal Reserve Board on Friday announced it is prohibiting Jacob H. Goldstein, a former president and CEO of NBRS Financial, Rising Sun, Maryland from participating in…
OCC Enforcement Actions and Terminations for August 2018
August 20, 2018 / Source: OCC
NR 2018-80 FOR IMMEDIATE RELEASE August 17, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for August 2018 WASHINGTON — 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….
Federal Reserve Board announces termination of enforcement actions
August 17, 2018 / Source: FRB
Press Release August 16, 2018 Federal Reserve Board announces termination of enforcement actions with Flagstar Bancorp, Inc., and Santander Holdings USA, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Flagstar Bancorp, Inc., Troy, Michigan Supervisory Agreement, issued by the Office of…
Federal Reserve to offer seven-day term deposits on August 23
August 17, 2018 / Source: FRB
Press Release August 16, 2018 Federal Reserve to offer seven-day term deposits on August 23 For release at 10:00 a.m. EDT The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational readiness of the TDF…
Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on CRA Ratings
August 17, 2018 / Source: OCC
OCC BULLETIN 2018-23 Subject: Community Reinvestment Act Date: August 15, 2018 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act…
Bank Accounting Advisory Series Updated
August 15, 2018 / Source: OCC
NR 2018-78 FOR IMMEDIATE RELEASE August 15, 2018 Contact: Stephanie Collins (202) 649-6870 Bank Accounting Advisory Series Updated WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting standards among…
Future Efforts Toward Advancing API Standardization Across the Financial Services Ecosystem
August 15, 2018 / Source: NACHA
API Standardization Industry Group Releases White Paper Outlining Group’s Approach, Progress and Future Efforts Toward Advancing API Standardization Across the Financial Services Ecosystem POSTED AUGUST, 14 2018 HERNDON, Va. — Aug. 15, 2018 — NACHA—The Electronic Payments Association’s API Standardization Industry Group (ASIG) today released a white paper – API Standardization – Shaping the Financial Services Industry –…
FBI Warns of ‘Unlimited’ ATM Cashout Blitz
August 14, 2018 / Source: KrebsonSecurity
The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few…