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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FILs Banker Webinar: Update on the Standardized Export of Imaged Loan Documents Initiative

January 31, 2019 / Source: FDIC

Financial Institution Letters FIL-4-2019 January 31, 2019 Banker Webinar: Update on the Standardized Export of Imaged Loan Documents Initiative Printable Format: FIL-4-2019 – PDF (PDF Help) Summary: The FDIC is hosting a webinar for financial institutions on February 19, 2019, from 2:00 p.m. to 3:00 p.m. Eastern Time. This webinar will provide an update on the…

OCC Allows National Banks and Federal Savings Associations Affected by Severe Winter Weather to Close

January 31, 2019 / Source: OCC

NR 2019-10 FOR IMMEDIATE RELEASE January 30, 2019 Contact: William Grassano (202) 649-6870 OCC Allows National Banks and Federal Savings Associations Affected by Severe Winter Weather to Close WASHINGTON — 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…

January 30, 2019 Federal Reserve issues FOMC statement

January 30, 2019 / Source: FRB

Press Release January 30, 2019 Federal Reserve issues FOMC statement For release at 2:00 p.m. EST Share Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average,…

Federal Open Market Committee reaffirms its “Statement on Longer-Run Goals and Monetary Policy Strategy”

January 30, 2019 / Source: FRB

Press Release January 30, 2019 Federal Open Market Committee reaffirms its “Statement on Longer-Run Goals and Monetary Policy Strategy” For release at 2:00 p.m. EST Share The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its “Statement of Longer-Run Goals and Monetary Policy Strategy” with an updated reference to the…

Agencies issue final rules giving FIs more flexibility in flood insurance acceptance

January 29, 2019 / Source: Regulatory Report

Agencies issue final rules giving FIs more flexibility in flood insurance acceptance January 29, 2019 FDIC, NCUA, OCC, The Fed 0 Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including those by mutual aid…

Robust ACH Network Growth Continues in Fourth Quarter; Same Day ACH Volume Marks a Milestone

January 29, 2019 / Source: NACHA

Robust ACH Network Growth Continues in Fourth Quarter; Same Day ACH Volume Marks a Milestone   POSTED JANUARY 29, 2019 HERNDON, Va., Jan. 29, 2019 – ACH Network volume saw its biggest quarterly growth in more than a decade during the fourth quarter of 2018. Same Day ACH payments also passed a significant milestone. More than…

Federal Reserve Board will host public research conference on its stress testing framework in July

January 28, 2019 / Source: FRB

Press Release January 28, 2019 Federal Reserve Board will host public research conference on its stress testing framework in July For release at 2:00 p.m. EST Share The Federal Reserve Board in July will host a public research conference on its stress testing framework. The conference will bring together academics, regulators, bankers, and other stakeholders…

CFPB Announces Changes to Senior Leadership

January 28, 2019 / Source: CFPB

CFPB Announces Changes to Senior Leadership JAN 25, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Washington, D.C. — Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced leadership changes within the Bureau. The positions being announced today are: Policy Associate Director for External Affairs; West Regional Director; Acting Chief Communications Officer; Deputy Associate Director…

FDIC Makes Public December 2018 Enforcement Actions

January 25, 2019 / Source: FDIC

Press Releases FDIC Makes Public December Enforcement Actions; No Administrative Hearings Scheduled for February 2019 FOR IMMEDIATE RELEASE January 25, 2019 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 December. There are no administrative…

Shared National Credit review finds some improvement in credit quality, risk remains elevated in leveraged loans

January 25, 2019 / Source: FRB

Joint Press Release January 25, 2019 Shared National Credit review finds some improvement in credit quality, risk remains elevated in leveraged loans Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of Comptroller of the Currency For release at 11:00 a.m. EST Share Federal banking agencies find that risk in the…

HMDA 2019 Webinar is Now Available!

January 25, 2019 / Source:

HMDA 2019 Webinar is now available!  Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here

Office of Servicemember Affairs – Annual Report

January 24, 2019 / Source: CFPB

Consumer education and empowerment Office of Servicemember Affairs – Annual Report JAN 24, 2019 The Office of Servicemember Affairs at the Bureau monitors and analyzes complaints from servicemembers, veterans, and their families (collectively referred to as “servicemembers” in this report). Complaints submitted by servicemembers serve as a key initial indicator of emerging issues and continuing…

Federal Reserve Board announces approval of proposals by Equity Bank

January 24, 2019 / Source: FRB

Press Release January 23, 2019 Federal Reserve Board announces approval of proposals by Equity Bank For release at 5:00 p.m. EST Share The Federal Reserve Board on Wednesday announced its approval of the proposals under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by Equity Bank, Andover,…

Consumer Financial Protection Bureau Settles with Broker of High-interest Credit Offers

January 23, 2019 / Source: CFPB

Consumer Financial Protection Bureau Settles with Broker of High-interest Credit Offers Individual Violated Consumer Financial Protection Act in Brokering Credit Offers to Veterans JAN 23, 2019 SHARE THIS Share on Facebook  Share on Twitter  Share on LinkedIn  Share on email Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Mark Corbett,…

FHFA House Price Index Up 0.4 Percent in November

January 23, 2019 / Source: FHFA

News Release FHFA House Price Index Up 0.4 Percent in November FOR IMMEDIATE RELEASE 1/23/2019 Washington, D.C. – U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.3 percent increase in October was revised…

Federal Reserve Board issues enforcement action with former employee of CFG Community Bank

January 22, 2019 / Source: FRB

Press Release January 22, 2019 Federal Reserve Board issues enforcement action with former employee of CFG Community Bank For release at 11:00 a.m. EST Share The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent Order of Prohibition against David Lavine, a former employee of CFG Community Bank, Baltimore,…

Federal Reserve Board’s Industrial Production and Capacity Utilization statistical release marks the 100th anniversary of Board data on industrial production

January 22, 2019 / Source: FRB

Press Release January 18, 2019 Federal Reserve Board’s Industrial Production and Capacity Utilization statistical release marks the 100th anniversary of Board data on industrial production For release at 9:15 a.m. EST Share The publication on Friday of the Federal Reserve Board's monthly statistical release on industrial production and capacity utilization marks the 100th anniversary of…

Consumer Financial Protection Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act

January 18, 2019 / Source: CFPB

Consumer Financial Protection Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act JAN 17, 2019 Washington, D.C. — Consumer Financial Protection Bureau Director Kathleen L. Kraninger today issued the following statement announcing that she has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military…

OCC Enforcement Actions and Terminations for January 2019

January 18, 2019 / Source: OCC

NR 2019-6 FOR IMMEDIATE RELEASE January 18, 2019 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for January 2019 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….

Morris Morgan Named OCC’s Chief Operating Officer

January 17, 2019 / Source: OCC

NR 2019-5 FOR IMMEDIATE RELEASE January 17, 2019 Contact: Bryan Hubbard (202) 649-6870 Morris Morgan Named OCC’s Chief Operating Officer WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Morris Morgan as its new Senior Deputy Comptroller and Chief Operating Officer. Comptroller of the Currency Joseph Otting created the Chief Operating Officer position…

Board of Directors: BSA Webinar is Now Available!

January 17, 2019 / Source:

Board of Directors: BSA Webinar is now available!  Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here

Federal Reserve Board launches interactive mobile application to teach students about security and design features of Federal Reserve notes

January 16, 2019 / Source: FRB

Press Release January 16, 2019 Federal Reserve Board launches interactive mobile application to teach students about security and design features of Federal Reserve notes For release at 12:00 p.m. EST Share The Federal Reserve Board on Wednesday launched an interactive smartphone and tablet application designed to teach elementary school students about the security and design…

Federal Reserve Board launches article series on financial conditions and concerns of consumers and communities

January 16, 2019 / Source: FRB

Press Release January 16, 2019 Federal Reserve Board launches article series on financial conditions and concerns of consumers and communities For release at 11:00 a.m. EST Share The Federal Reserve Board on Wednesday announced Consumer & Community Context, an article series that features original analysis about the financial conditions and experiences of consumers and communities, including…

Supreme Court Won’t Hear Broad Challenge to CFPB’s Structure

January 15, 2019 / Source: Bloomberg

Supreme Court Won’t Hear Broad Challenge to CFPB’s Structure By  Greg Stohr January 14, 2019, 8:36 AM CST The U.S. Supreme Court turned away a broad challenge to the structure of the Consumer Financial Protection Bureau, the agency that Republicans say has stifled economic growth through over-regulation. The justices rejected an appeal, pressed by a…

FILs Consolidated Reports of Condition and Income

January 15, 2019 / Source: FDIC

Financial Institution Letters FIL-3-2019 January 15, 2019 Consolidated Reports of Condition and Income Printable Format: FIL-3-2019 – PDF (PDF Help) Summary: The Consolidated Reports of Condition and Income (Call Report) for the December 31, 2018, report date must be submitted to the agencies' Central Data Repository (CDR) by Wednesday, January 30, 2019. Certain institutions with foreign…