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].
February Compliance Huddle 2019 is Now Available!
February 14, 2019 / Source:
February Compliance Huddle is now available to view. A monthly, peer-to-peer forum that is driven by the topics and issues that attendees wish to talk about and explore. February Compliance Huddle is Now Available!
Federal Reserve Board identifies error in historical dataset used in its 2019 stress tests and issues correction
February 14, 2019 / Source: FRB
Press Release February 13, 2019 Federal Reserve Board identifies error in historical dataset used in its 2019 stress tests and issues correction For release at 5:00 p.m. EST Share The Federal Reserve Board identified an error in the historical dataset used in its 2019 stress tests and issued a correction. The mortgage rate in the…
Federal Reserve Board begins 2019 Survey of Consumer Finances
February 14, 2019 / Source: FRB
Press Release February 13, 2019 Federal Reserve Board begins 2019 Survey of Consumer Finances For release at 12:00 p.m. EST Share The Federal Reserve Board in March will begin its Survey of Consumer Finances, a statistical study of household finances that will provide policymakers with important insight into the economic condition of a broad cross…
Amendments to the Stress Testing Rules for National Banks and Federal Savings Associations: Notice of Proposed Rulemaking
February 13, 2019 / Source: OCC
OCC BULLETIN 2019-7 Subject: Amendments to the Stress Testing Rules for National Banks and Federal Savings Associations Date: February 13, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Notice of Proposed Rulemaking Summary The Office of the Comptroller of…
FDIC Extends Comment Period Related to its Request for Information on the Deposit Insurance Application Process
February 13, 2019 / Source: FDIC
Press Releases FDIC Extends Comment Period Related to its Request for Information on the Deposit Insurance Application Process FOR IMMEDIATE RELEASE February 12, 2019 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) has extended the comment period related to the Request for Information (RFI) on the Deposit Insurance Application…
Joint Release: New Rule Covers Private Flood Insurance
February 12, 2019 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency NR 2019-15 FOR IMMEDIATE RELEASE February 12, 2019 New Rule Covers Private Flood Insurance WASHINGTON—Five federal regulatory agencies issued a joint final rule to implement provisions of…
OCC Hosts Compliance and Operational Risk Workshops in Milwaukee
February 12, 2019 / Source: OCC
NR 2019-16 FOR IMMEDIATE RELEASE February 12, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Compliance and Operational Risk Workshops in Milwaukee WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops in Milwaukee, Wisconsin, at the Hilton Garden Inn Milwaukee Downtown, March 26 and 27, for directors of national…
Comptroller of the Currency Supports CFPB Proposed Rule on Short-Term Small-Dollar Lending
February 11, 2019 / Source: OCC
NR 2019-14 FOR IMMEDIATE RELEASE February 11, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Supports CFPB Proposed Rule on Short-Term Small-Dollar Lending WASHINGTON—Comptroller of the Currency Joseph Otting today issued the following statement supporting Director Kathy Kraninger and the Consumer Financial Protection Bureau’s proposed rule rescinding requirements that lenders make certain underwriting determinations before…
Consumer Financial Protection Bureau Releases Notices of Proposed Rulemaking on Payday Lending
February 11, 2019 / Source: CFPB
Consumer Financial Protection Bureau Releases Notices of Proposed Rulemaking on Payday Lending FEB 06, 2019 Washington, D.C. — The Consumer Financial Protection Bureau today is proposing to rescind certain provisions of its 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” Specifically, the Bureau is proposing to rescind the rule’s requirements that lenders…
Community Bank Leverage Ratio: Notice of Proposed Rulemaking
February 8, 2019 / Source: OCC
OCC BULLETIN 2019-6 Subject: Community Bank Leverage Ratio Date: February 8, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Notice of Proposed Rulemaking Summary The Office of the Comptroller of the Currency (OCC), the Board of Governors of the…
New protections for servicemembers and veterans alert
February 8, 2019 / Source: CFPB
New protections for servicemembers and veterans alert Free credit monitoring, medical debt credit reporting restrictions, and mortgage protections for those recently back from active duty. By Patrick Campbell and Brian Lavin – FEB 07, 2019 In May 2018, new protections for servicemembers and veterans were signed into law. The Federal Trade Commission (FTC) and the Bureau previously highlighted the new federal…
South Florida Resident Convicted of $100 Million International Fraud Scheme that Led to Collapse of One of Puerto Rico’s Largest Banks
February 7, 2019 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, February 5, 2019 South Florida Resident Convicted of $100 Million International Fraud Scheme that Led to Collapse of One of Puerto Rico’s Largest Banks A Key Biscayne, Florida resident was found guilty yesterday by a federal jury for his role in a $100 million scheme to defraud Westernbank of…
Federal Reserve Board issues enforcement action with former employee of SunTrust Bank
February 7, 2019 / Source: FRB
Press Release February 07, 2019 Federal Reserve Board issues enforcement action with former employee of SunTrust Bank For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent Prohibition against Alison Keefe, former employee of SunTrust Bank, Atlanta, Georgia, for violating bank overdraft…
Back2Basics: Reg. Z Advertising & Anti Tying Webinar is Now Available!
February 7, 2019 / Source:
Back2Basics: Reg. Z Advertising & Anti Tying Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
Proposed Rulemaking to Revise the Deposit Insurance Assessment System to Apply the Community Bank Leverage Ratio Framework
February 6, 2019 / Source: FDIC
Financial Institution Letters FIL-6-2019 February 5, 2019 Proposed Rulemaking to Revise the Deposit Insurance Assessment System to Apply the Community Bank Leverage Ratio Framework Printable Format: FIL-6-2019 – PDF (PDF Help) Summary: On December 18, 2018, the FDIC Board of Directors authorized publication of a Notice of Proposed Rulemaking (NPR) that would apply the Community Bank…
Federal Reserve Board releases scenarios for 2019 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises
February 6, 2019 / Source: FRB
Press Release February 05, 2019 Federal Reserve Board releases scenarios for 2019 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises For release at 4:30 p.m. EST Share The Federal Reserve Board on Tuesday released the scenarios banks and supervisors will use for the 2019 Comprehensive Capital Analysis and Review (CCAR) and…
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2019
February 6, 2019 / Source: OCC
NR 2019-13 FOR IMMEDIATE RELEASE February 5, 2019 Contact: William Grassano (202) 649-6870 OCC Releases Dodd-Frank Act Stress Test Scenarios for 2019 WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline, adverse, and severely…
FDIC Press Release – PR-5-2019: FDIC Issues List of Banks Examined for CRA Compliance
February 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE February 5, 2019 Media contact: Greg Hernandez (202) 898-6984 [email protected] 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…
Federal Reserve Board issues enforcement action with former chairman of Mariner’s Bancorp
February 5, 2019 / Source: FRB
Press Release February 05, 2019 Federal Reserve Board issues enforcement action with former chairman of Mariner's Bancorp 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 Notice of Suspension and Prohibition against Fred Daibes, former Chairman of Mariner's Bancorp, Edgewater, New…
Voluntary Private Education Loan Rehabilitation Programs
February 4, 2019 / Source: FDIC
Financial Institution Letters FIL-5-2019 February 4, 2019 Voluntary Private Education Loan Rehabilitation Programs Printable Format: FIL-5-2019 – PDF (PDF Help) Summary: The FDIC and the Board of Governors of the Federal Reserve System jointly are providing an advisory on Voluntary Private Education Loan Rehabilitation Programs to make financial institutions aware of an amendment to section 623 of the…
Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules: Notice of Proposed Rulemaking
February 4, 2019 / Source: OCC
OCC BULLETIN 2019-5 Subject: Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Date: February 4, 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: Notice of…
OCC Releases CRA Evaluations for 48 National Banks and Federal Savings Associations
February 1, 2019 / Source: OCC
NR 2019-11 FOR IMMEDIATE RELEASE February 1, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 48 National Banks and Federal Savings Associations WASHINGTON — 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 January 1, 2019…
Consumer Financial Protection Bureau Settles with NDG Financial Corp.
February 1, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles with NDG Financial Corp. Canadian and Maltese-based Payday Lenders Alleged to Have Deceptively and Unfairly Marketed and Collected on Loans, Barred From Lending to U.S. Residents FEB 01, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Washington, D.C. — The Consumer Financial Protection Bureau…
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…