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].
Announcement for Chat Feature Users
June 27, 2019
C/A and their staff have been reminding Bank Admins and Bank Members to reach out to your IT groups and make plans to start using Chrome, Firefox, Edge, or Safari as support from our chat feature provider for IE11 will end as of June 30, 2019. The reasons are two-fold; IE11 has been retired for…
OCC Bulletin: Expanding Eligibility to File the FFIEC 051 Call Report
June 27, 2019 / Source: OCC
OCC BULLETIN 2019-30 Subject: Expanding Eligibility to File the FFIEC 051 Call Report Date: June 26, 2019 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Final Rule Summary On June 21, 2019, the…
Nacha Creates Voluntary Formatting Standard to Help ID Questionable Payroll Credits
June 27, 2019 / Source: NACHA
Nacha Creates Voluntary Formatting Standard to Help ID Questionable Payroll Credits AUTHOR Michael W. Kahn Nacha Payroll impersonation and redirection fraud is a fact of life today, but there’s a new way to help fight it. As part of its ongoing commitment to help protect against fraud, Nacha worked with payroll providers, Receiving Depository Financial…
FDIC and CFPB Host Webinar on Elder Financial Abuse Prevention
June 26, 2019 / Source: FDIC
Press Releases FDIC and CFPB Host Webinar on Elder Financial Abuse Prevention Encourages Collaboration between Financial Institutions and Law Enforcement FOR IMMEDIATE RELEASE June 26, 2019 Media Contact: LaJuan Williams-Young 202-898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) are co-hosting a webinar to outline strategies to address and prevent…
OCC Reports Improvement in Mortgage Performance
June 26, 2019 / Source: OCC
NR 2019-71 FOR IMMEDIATE RELEASE June 26, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Reports Improvement in Mortgage Performance WASHINGTON —The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the first quarter of 2019. The OCC Mortgage Metrics Report, First…
Chief Innovation Officer Discusses OCC Support of Responsible Innovation
June 25, 2019 / Source: OCC
NR 2019-70 FOR IMMEDIATE RELEASE June 25, 2019 Contact: Bryan Hubbard (202) 649-6870 Chief Innovation Officer Discusses OCC Support of Responsible Innovation WASHINGTON—The agency’s Chief Innovation Officer Beth Knickerbocker today discussed the Office of the Comptroller of the Currency’s (OCC) efforts to support responsible innovation in the federal banking system during a hearing held by…
FDIC Hosts Interagency Conference Focusing on Minority Depository Institutions
June 25, 2019 / Source: FDIC
Press Releases FDIC Hosts Interagency Conference Focusing on Minority Depository Institutions Announces New MDI Initiatives and Publishes Results of New MDI Study FOR IMMEDIATE RELEASE June 25, 2019 Media Contact: LaJuan Williams-Young 202-898-3876 The Federal Deposit Insurance Corporation (FDIC) hosted the2019 Interagency Minority Depository Institution and CDFI Bank Conference this week in partnership with the…
Agencies Issue Final Amendments to Regulation CC Regarding Funds Availability
June 24, 2019 / Source: CFPB
Agencies Issue Final Amendments to Regulation CC Regarding Funds Availability JUN 24, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau and the Federal Reserve Board today jointly published amendments to Regulation CC that implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. The amendments…
FDIC Names Amy C. Thompson as Director of the Office of Communications
June 24, 2019 / Source: FDIC
Press Releases FDIC Names Amy C. Thompson as Director of the Office of Communications FOR IMMEDIATE RELEASE June 24, 2019 Media Contact: LaJuan Williams-Young 202-898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of Amy C. Thompson as Director of the Office of Communications. In her new role, Ms. Thompson will lead…
Electronic Fingerprinting for Background Checks and Revised Comptroller’s Licensing Manual Booklets
June 21, 2019 / Source: OCC
OCC BULLETIN 2019-29 Subject: Background Investigations Date: June 21, 2019 To: Chief Executive Officers of all National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel, and Other Interested Parties Description: Electronic Fingerprinting for Background Checks and Revised Comptroller’s Licensing Manual Booklets Summary The Office of the Comptroller of…
June 21, 2019 OCC Enforcement Actions and Terminations
June 21, 2019 / Source: OCC
NR 2019-69 FOR IMMEDIATE RELEASE June 21, 2019 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations 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. All Cease and…
Risk Management Guidance for Higher-Loan-to-Value Lending Activities in Communities Targeted for Revitalization
June 20, 2019 / Source: OCC
OCC BULLETIN 2019-28 Subject: Mortgage Lending Date: June 19, 2019 To: Chief Executive Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; All Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Risk Management Guidance for Higher-Loan-to-Value Lending Activities in Communities Targeted for Revitalization Summary The Office of the Comptroller…
More Than 4.3 Million Homeowners Helped Since Conservatorships
June 20, 2019 / Source: FHFA
News Release More Than 4.3 Million Homeowners Helped Since Conservatorships FOR IMMEDIATE RELEASE 6/20/2019 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter 2019 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 38,968 foreclosure prevention actions in the first quarter of 2019, bringing the total number of foreclosure prevention…
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting
June 19, 2019 / Source: FRB
Press Release June 19, 2019 Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting For release at 2:00 p.m. EDT Share The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants…
Federal Reserve issues FOMC statement June 19, 2019
June 19, 2019 / Source: FRB
Press Release PDF June 19, 2019 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been solid, on average, in…
OCC Reports First Quarter 2019 Bank Trading Revenue
June 18, 2019 / Source: OCC
NR 2019-67 FOR IMMEDIATE RELEASE June 18, 2019 Contact: Paul Ross (202) 649-6870 OCC Reports First Quarter 2019 Bank Trading Revenue WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $10 billion in the first quarter 2019, which was $5.9 billion,…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Winter Storm, Snowstorm, and Flooding
June 18, 2019 / Source: FDIC
Financial Institution Letters FIL-33-2019 June 17, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Winter Storm, Snowstorm, and Flooding Printable Format: FIL-33-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms and Flooding
June 18, 2019 / Source: FDIC
Financial Institution Letters FIL-32-2019 June 17, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms and Flooding Printable Format: FIL-32-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas…
Agencies release list of distressed or underserved nonmetropolitan middle-income geographies
June 17, 2019 / Source: FRB
Joint Press Release June 17, 2019 Agencies release list of distressed or underserved nonmetropolitan middle-income geographies Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 12:00 p.m. EDT Share The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance…
Agencies issue final rule to streamline regulatory reporting requirements and commit to further review of reporting burdens for small institutions
June 17, 2019 / Source: FRB
Joint Press Release June 17, 2019 Agencies issue final rule to streamline regulatory reporting requirements and commit to further review of reporting burdens for small institutions Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 11:00 a.m. EDT Share The three federal…
FDIC Cautions Customers That FDIConnect.com Is Not Affiliated With a Government Agency and Should Not Be Confused With FDICconnect.gov
June 14, 2019 / Source: FDIC
Press Releases FDIC Cautions Customers That FDIConnect.com Is Not Affiliated With a Government Agency and Should Not Be Confused With FDICconnect.gov FOR IMMEDIATE RELEASE June 13, 2019 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) advises bank customers on the potential for confusion between FDIConnect.com and the FDIC-run website,…
OCC Hosts Compliance and Operational Risk Workshops in Boston
June 14, 2019 / Source: OCC
NR 2019-64 FOR IMMEDIATE RELEASE June 13, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Compliance and Operational Risk Workshops in Boston WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops in Boston at the OCC Boston Field Office, July 30 and 31, for directors of national community banks…
Federal Reserve Board publishes summary of feedback from roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act
June 13, 2019 / Source: FRB
Press Release June 13, 2019 Federal Reserve Board publishes summary of feedback from roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act For release at 12:00 p.m. EDT Share The Federal Reserve Board on Thursday published, “Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act,” a…
FDIC’s Consumer Compliance Supervisory Highlights
June 13, 2019 / Source: FDIC
Press Releases FDIC's Consumer Compliance Supervisory Highlights FOR IMMEDIATE RELEASE June 13, 2019 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the new Consumer Compliance Supervisory Highlights publication. The purpose of this publication is to enhance transparency regarding the FDIC's consumer compliance supervisory activities and includes a high-level overview of…
FHFA 2018 Report to Congress Includes Legislative Recommendations
June 12, 2019 / Source: FHFA
News Release FHFA 2018 Report to Congress Includes Legislative Recommendations FOR IMMEDIATE RELEASE 6/12/2019 Washington, D.C. — The Federal Housing Finance Agency (FHFA) today released its 2018 Report to Congress. The report meets the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of…