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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Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2018
January 10, 2019 / Source: FRB
The Federal Reserve Board on Thursday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $65.4 billion of their estimated 2018 net income to the U.S. Treasury.
January 10, 2019
January Compliance Huddle is now available
January 09, 2019 / Source: FRB
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 18-19, 2018.
January 09, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) recently announced Chau Do as Deputy Comptroller for the Risk Analysis Division.
January 09, 2019
This webinar will cover the loan originator requirements in Regulation Z. This includes information about who the bank’s loan originators are, what a term and a proxy of a term is, best practices for compensation, Loan originator qualifications and the requirements for usage of the NMLS unique identifier.
Federal Reserve Board invites public comment on proposal that would modify company-run stress testing requirements to conform with Economic Growth, Regulatory Relief, and Consumer Protection Act
January 08, 2019 / Source: FRB
The Federal Reserve Board on Tuesday invited public comment on a proposal that would modify company-run stress testing requirements to conform with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
January 08, 2019 / Source: Ballard Spahr L.L.P
The CFPB has now announced that the beta testing period is closed and the HMDA data platform is open for the filing of 2018 data.
Community Reinvestment Act Regulations: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds
January 07, 2019 / Source: OCC
On December 27, 2018, the Office of the Comptroller of the Currency (OCC) published in the Federal Register revisions to its Community Reinvestment Act (CRA) regulations that became effective January 1, 2019. The revisions adjust the asset-size threshold amounts used to define “small bank,” “small savings association,” “intermediate small bank,” and “intermediate small savings association.”
January 07, 2019 / Source: Fannie Mae
The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased in December, falling 2.7 points to 83.5, resuming its recent downward trend after November's slight uptick. The decrease can be attributed primarily to a 12-percentage point decrease in the net share of Americans who said it is a good time to buy a home.
January 07, 2019
December Compliance Huddle is now available
January 03, 2019 / Source: CFPB
Bank Failed to Stop Payments or Resolve Errors, Must Pay $12 Million in Restitution, $3.5 Million Fine
January 03, 2019 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2018.
January 03, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of December 1, 2018 through December 31, 2018.
OCC Releases 2019 Schedule of Workshops for Directors and Senior Management of National Community Banks and Federal Savings Associations
January 02, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today announced its 2019 schedule of workshops for board directors and bank management of national community banks and federal savings associations.
Agencies Issue Statement on Financial Institutions Issuing Loans When National Flood Insurance Program is Unavailable
January 02, 2019 / Source: OCC
The federal bank regulatory agencies remind banks, savings associations, and Farm Credit System institutions that they can continue to make loans during periods when the National Flood Insurance Program (NFIP) administered by the Federal Emergency Management Agency (FEMA) is unavailable.
January 02, 2019 / Source: FDIC
As part of the FDIC's Community Banking Initiative, the FDIC is announcing the release of an updated technical assistance video on the Bank Secrecy Act (BSA), anti-money laundering (AML) requirements, and the Treasury Department's Office of Foreign Assets Control (OFAC) sanctions programs. The updated video provides an overview of current BSA/AML and OFAC requirements for directors of FDIC-supervised banks and savings associations.
December 28, 2018 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. There are no administrative hearings scheduled for January 2019.
December 28, 2018 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today issued updates to the “Bank Premises and Equipment,” “Consigned Items and Other Customer Services,” and “Litigation and Other Legal Matters” booklets of the Comptroller’s Handbook.
December 27, 2018 / Source: OCC
Five federal financial regulatory agencies on Friday invited public comment on a proposal that would exclude certain community banks from the Volcker rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
December 27, 2018 / Source: CFPB
The Consumer Financial Protection Bureau (Bureau) announced final policy guidance describing the Home Mortgage Disclosure Act (HMDA) data the Bureau intends to make available to the public beginning in 2019, including modifications to protect consumers’ privacy.
Agencies Issue Final Rules Expanding Examination Cycles for Qualifying Small Banks and U.S. Branches and Agencies of Foreign Banks
December 21, 2018 / Source: OCC
The Federal banking agencies today issued final rules that adopt without change the interim final rules issued in August that expanded the number of insured depository institutions and U.S. branches and agencies of foreign banks eligible for an 18-month on-site examination cycle, rather than a 12-month cycle.
Agencies Allow Three-Year Regulatory Capital Phase In for New Current Expected Credit Losses (CECL) Accounting Standard
December 21, 2018 / Source: OCC
The federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a period of three years the day-one regulatory capital effects of the update to the accounting standard known as the “Current Expected Credit Losses” (CECL) methodology.
Federal Reserve Board will maintain current modeling framework for loan allowances in its supervisory stress test through 2021
December 21, 2018 / Source: FRB
The Federal Reserve Board announced on Friday that it will maintain the current modeling framework for loan allowances in its supervisory stress test through 2021.
December 21, 2018
2018 was another crazy year in compliance. This presentation will act as a wrap-up covering the major compliance changes of 2018 and information on what were the most frequently-asked about topics across our nationwide membership. It may come as no secret that the top topic of 2018 was beneficial ownership followed by the Economic Growth Act whose changes will impact the industry for years to come. We’ll also discuss the changes to HMDA, Reg CC, TRID 2.0, the Blackhole, Mortgage Servicing, as well as, things to look out for 2019 like Prepaid Cards.
Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
December 20, 2018 / Source: FDIC
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.