Banker Compliance News

Capturing the important news of the day in an easy to access way. We post news we feel is relevant to our members and community banks nationwide.

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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…

OCC Notice Adjusting Civil Money Penalties for 2019

January 14, 2019 / Source: OCC

OCC BULLETIN 2019-2 Subject: Civil Money Penalties Date: January 11, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations; Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Notice Adjusting Civil Money Penalties for 2019 Summary On December 27, 2018, the Office…

Federal Reserve Board announces approval of application by First Busey Corporation

January 14, 2019 / Source: FRB

Press Release January 11, 2019 Federal Reserve Board announces approval of application by First Busey Corporation For release at 2:30 p.m. EST Share The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Busey Corporation, Champaign, Illinois, to acquire The…

Federal Reserve Board announces termination of enforcement action with A.E. Bancorp, Inc.

January 10, 2019 / Source: FRB

Press Release January 10, 2019 Federal Reserve Board announces termination of enforcement action with A.E. Bancorp, Inc. For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: A.E. Bancorp, Inc., Buffalo Grove, Illinois Written Agreement dated July 1, 2010 (PDF) Terminated January 9,…

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2018

January 10, 2019 / Source: FRB

Press Release January 10, 2019 Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2018 For release at 12:00 p.m. EST Share 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…

January Compliance Huddle 2019 is Now Available!

January 10, 2019 / Source:

January 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.  January Compliance Huddle is Now Available!

Minutes of the Federal Open Market Committee, December 18-19, 2018

January 9, 2019 / Source: FRB

January 09, 2019 Minutes of the Federal Open Market Committee, December 18-19, 2018 For release at 2:00 p.m. EST 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. A summary of economic projections made by Federal Reserve Board members…

Chau Do Named Deputy Comptroller for the Risk Analysis Division

January 9, 2019 / Source: OCC

NR 2019-3 FOR IMMEDIATE RELEASE January 9, 2019 Contact: Bryan Hubbard (202) 649-6870 Chau Do Named Deputy Comptroller for the Risk Analysis Division WASHINGTON—The Office of the Comptroller of the Currency (OCC) recently announced Chau Do as Deputy Comptroller for the Risk Analysis Division. In this role, Ms. Do will oversee the four Risk Analysis…

Back2Basics: LO Compensation Webinar is Now Available!

January 9, 2019 / Source:

Back2Basics: LO Compensation Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here

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 8, 2019 / Source: FRB

Press Release January 08, 2019 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 For release at 4:00 p.m. EST The Federal Reserve Board on Tuesday invited public comment on a proposal that would modify company-run stress testing…

CFPB Announces Opening of HMDA Data Filing Period

January 8, 2019 / Source: Ballard Spahr L.L.P

CFPB Announces Opening of HMDA Data Filing Period By Richard J. Andreano, Jr. on January 4, 2019 POSTED IN CFPB GENERAL, HMDA, MORTGAGES As previously reported, late in 2018 the CFPB announced the availability of a beta version of a Home Mortgage Disclosure Act (HMDA) data platform for companies to test the filing of 2018 data. The CFPB has now announced that…

Community Reinvestment Act Regulations: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds

January 7, 2019 / Source: OCC

OCC BULLETIN 2019-1 Subject: Community Reinvestment Act Regulations  Date: January 7, 2019 To: Chief Executive Officers of National Banks and Savings Associations, All Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds Summary On December 27, 2018, the Office of the…

Housing Confidence Down as More Americans Believe It’s a Bad Time to Buy a Home

January 7, 2019 / Source: Fannie Mae

January 07, 2019 Housing Confidence Down as More Americans Believe It's a Bad Time to Buy a Home Matthew Classick 202-752-3662 WASHINGTON, DC – 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…

December Compliance Huddle 2018 is Now Available!

January 7, 2019 / Source:

December 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.  December Compliance Huddle is Now Available!

Consumer Financial Protection Bureau Settles with USAA Federal Savings Bank

January 3, 2019 / Source: CFPB

Consumer Financial Protection Bureau Settles with USAA Federal Savings Bank Bank Failed to Stop Payments or Resolve Errors, Must Pay $12 Million in Restitution, $3.5 Million Fine JAN 03, 2019 Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced a settlement with USAA Federal Savings Bank, a federally chartered savings association headquartered in San…

PRs FDIC Issues List of Banks Examined for CRA Compliance

January 3, 2019 / Source: FDIC

Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE January 3, 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…

OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations

January 3, 2019 / Source: OCC

NR 2019-2 FOR IMMEDIATE RELEASE January 3, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 31 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 December 1, 2018…