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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Study finds U.S. payments fraud a small but growing fraction of overall payments

October 17, 2018 / Source: FRB

Press Release October 16, 2018 Federal Reserve Payments Study finds U.S. payments fraud a small but growing fraction of overall payments For release at 2:00 p.m. EDT The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015–outpacing growth in noncash payments overall, according to a new report based on…

Appraisal Regulations: Frequently Asked Questions

October 17, 2018 / Source: FDIC

Financial Institution Letters FIL-62-2018 October 16, 2018 Appraisal Regulations Frequently Asked Questions Printable Format: FIL-62-2018 – PDF (PDF Help) Summary: The federal banking agencies (the Agencies) are issuing the attached Frequently Asked Questions (FAQs) on appraisal and evaluation functions. This document was developed in response to recent questions about the agencies' real estate appraisal regulations and guidelines…

FDIC Enhances Tool to Prevent Elder Financial Exploitation

October 15, 2018 / Source: FDIC

Press Releases FDIC Enhances Tool to Prevent Elder Financial Exploitation FOR IMMEDIATE RELEASE October 15, 2018 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] En Español   The Federal Deposit Insurance Corporation (FDIC) today announced the release of a Spanish-language version of Money Smart for Older Adults. The curriculum, now offered in English and Spanish, has been…

Comptroller’s Handbook: Updated Booklets and Rescissions

October 15, 2018 / Source: OCC

OCC BULLETIN 2018-38 Subject: Comptroller’s Handbook Date: October 15, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Updated Booklets and Rescissions Summary The Office of the Comptroller of the Currency (OCC)…

Federal Reserve Board announces approval of applications by Security Trust & Savings Bank

October 13, 2018 / Source: FRB

Press Release October 12, 2018 Federal Reserve Board announces approval of applications by Security Trust & Savings Bank For release at 2:30 p.m. EDT The Federal Reserve Board on Friday announced its approval of the applications, under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act, by Security…

FinCEN Issues Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit

October 13, 2018 / Source: FinCEN

FinCEN Issues Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit the Financial System Contact Steve Hudak 703-905-3770 Immediate Release October 11, 2018 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to help financial institutions better detect and report potentially illicit transactions related to the Islamic Republic of Iran. The…

Margin and Capital Requirements for Covered Swap Entities: Final Rule

October 11, 2018 / Source: OCC

OCC BULLETIN 2018-37 Subject: Margin and Capital Requirements for Covered Swap Entities Date: October 10, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Final Rule Summary The Office of the Comptroller…

Joint Release/Federal and State Financial Regulatory Agencies Issue Interagency Statement …

October 11, 2018 / Source: FDIC

Press Releases Joint Release Board of Governors of the Federal Reserve System Conference of State Bank Supervisors Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For Immediate Release October 10, 2018 Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by…

October Compliance Huddle is Now Available!

October 11, 2018 / Source:

October 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.  October Compliance Huddle is Now Available!

Board of Directors: Year End Approvals & Renewals Webinar is Now Available!

October 11, 2018 / Source:

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

OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Michael in the…

October 10, 2018 / Source: OCC

NR 2018-109 FOR IMMEDIATE RELEASE October 9, 2018 Contact: William Grassano (202) 649-6870 OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Michael in the Gulf Coast Region to Close WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal…

FDIC to Hold 8th Annual Consumer Research Symposium in Arlington, Virginia

October 10, 2018 / Source: FDIC

Press Releases FDIC to Hold 8th Annual Consumer Research Symposium in Arlington, Virginia FOR IMMEDIATE RELEASE October 5, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) will sponsor its 8th Annual Consumer Research Symposium on October 12, 2018. The conference will feature brief remarks by FDIC Chairman Jelena McWilliams, presentations…

FDIC Issues List of Banks Examined for CRA Compliance

October 5, 2018 / Source: FDIC

Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE October 5, 2018 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 to Host Innovation Office Hours in Dallas

October 5, 2018 / Source: OCC

NR 2018-108 FOR IMMEDIATE RELEASE October 4, 2018 Contact: William Grassano (202) 649-6870 OCC to Host Innovation Office Hours in Dallas WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours, November 14-15, 2018, in Dallas, Texas, to promote responsible innovation in the federal banking system….

FDIC Announces Meeting of Advisory Committee on Community Banking

October 4, 2018 / Source: FDIC

Press Releases FDIC Announces Meeting of Advisory Committee on Community Banking FOR IMMEDIATE RELEASE October 4, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, October 10. The Committee will discuss local…

Federal agencies issue a joint statement on banks and credit unions sharing resources to improve…

October 4, 2018 / Source: FRB

Joint Press Release October 03, 2018 Federal agencies issue a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Financial Crimes Enforcement Network National Credit Union Administration Office of the Comptroller of the…

Comment on potential actions to facilitate real-time interbank settlement of faster payments

October 4, 2018 / Source: FRB

Press Release October 03, 2018 Federal Reserve Board seeks public comment on potential actions to facilitate real-time interbank settlement of faster payments For release at 2:00 p.m. EDT The Federal Reserve Board on Wednesday invited public comment on actions the Federal Reserve could take to support faster payments in the United States. The potential actions,…

Treyton Thomas Pleads Guilty to Multi-Million Dollar Investment Fraud Scheme and Income Tax Evasion

October 4, 2018 / Source: FDICIG

PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, October 2, 2018 Treyton Thomas Pleads Guilty to Multi-Million Dollar Investment Fraud Scheme and Income Tax Evasion RALEIGH – Robert J. Higdon, Jr., United States Attorney for the Eastern District of North Carolina, announces that today, in federal court, TREYTON LEE THOMAS, age 62, pled guilty to wire fraud, affecting a…

Back2Basics: Appraisals Webinar is Now Available!

October 3, 2018 / Source:

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

Flood Insurance Webinar is Now Available!

October 3, 2018 / Source:

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

Comptroller of the Currency Discusses Implementation of the Economic Growth Act

October 2, 2018 / Source: OCC

NR 2018-105 FOR IMMEDIATE RELEASE October 2, 2018 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Discusses Implementation of the Economic Growth Act WASHINGTON—Comptroller of the Currency Joseph M. Otting today discussed the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 during testimony before the Senate Committee on Banking,…

FDIC Requests Information on Improving Communication with Banks and Other Stakeholders

October 2, 2018 / Source: FDIC

Press Releases FDIC Requests Information on Improving Communication With Banks and Other Stakeholders FOR IMMEDIATE RELEASE October 1, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking comments on how the agency can maximize efficiency and minimize burden when communicating information to insured…

FDIC Releases Report on Small Business Lending Survey

October 2, 2018 / Source: FDIC

Press Releases FDIC Releases Report on Small Business Lending Survey FOR IMMEDIATE RELEASE October 1, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) today published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses….