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.

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].

Federal Reserve Board approves final amendments to liability provisions of Regulation CC

September 12, 2018 / Source: FRB

Press Release September 12, 2018 Federal Reserve Board approves final amendments to liability provisions of Regulation CC For release at 3:00 p.m. EDT The Federal Reserve Board on Wednesday approved final amendments to the liability provisions of Regulation CC, which governs availability of funds and collection of checks. These amendments continue the Board's efforts to…

Deposit-Related Credit: Updated Comptroller’s Handbook Booklet

September 12, 2018 / Source: OCC

OCC BULLETIN 2018-28 Subject: Deposit-Related Credit Date: September 12, 2018 To: Chief Executive Officers of All National Banks and Federal Savings Associations; Federal Branches and Agencies; Department and Division Heads; All Examining Personnel, and Other Interested Parties Description: Updated Comptroller’s Handbook Booklet Summary The Office of the Comptroller of the Currency (OCC) issued today the updated…

Agencies Issue Statement Reaffirming the Role of Supervisory Guidance

September 11, 2018 / Source: CFPB

Agencies Issue Statement Reaffirming the Role of Supervisory Guidance SEP 11, 2018 WASHINGTON, D.C. — Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration,…

Counterfeit Official Bank Checks of First Federal Bank of Ohio, Galion, Ohio

September 11, 2018 / Source: OCC

Alert 2018-12 Subject: Counterfeit Official Bank Checks  Date: September 11, 2018 Description: First Federal Bank of Ohio Counterfeit Official Bank Checks of First Federal Bank of Ohio, Galion, Ohio To: Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit…

OCC Proposed Rule to Enhance Business Flexibility for Federal Savings Associations

September 11, 2018 / Source: OCC

NR 2018-95 FOR IMMEDIATE RELEASE September 10, 2018 Contact: William Grassano (202) 649-6870 Office of the Comptroller of the Currency Invites Comment on Proposed Rule to Enhance Business Flexibility for Federal Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) invites comment on a proposed rule that would provide more business flexibility to…

Expanded Examination Cycle Eligibility: Interim Final Rule

September 10, 2018 / Source: OCC

OCC BULLETIN 2018-27 Subject: Expanded Examination Cycle Eligibility Date: September 10, 2018 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: Interim Final Rule Summary The Office of the Comptroller of the Currency (OCC), the Board of…

OCC Reports Second Quarter 2018 Bank Trading Revenue

September 10, 2018 / Source: OCC

NR 2018-94 FOR IMMEDIATE RELEASE September 10, 2018 Contact: William Grassano (202) 649-6870 OCC Reports Second Quarter 2018 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 $6.9 billion in the second quarter 2018, which was $1.3 billion,…

FIL: Interim Final Rules on Expanded Examination Cycle for Certain Small Insured Depository…

September 10, 2018 / Source: FDIC

Financial Institution Letters FIL-45-2018 September 7, 2018 Examination Cycle: Interim Final Rules on Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks Printable Format: FIL-45-2018 – PDF (PDF Help) Summary: The FDIC and the other federal financial institution regulatory agencies have jointly adopted interim final rules (IFRs) permitting insured…

Exceptive Relief from Beneficial Ownership Requirements for Rollovers, Renewals…

September 7, 2018 / Source: FinCEN

Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts Permanent Exceptive Relief Extension of Compliance Date CDs_final 508.pdf367.72 KB FIN-2018-R003 Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts Issued Date: September 07, 2018 Financial Institution:…

Back2Basics: Deposit Advertising Webinar is Now Available!

September 7, 2018 / Source:

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

Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights

September 7, 2018 / Source: CFPB

Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights SEP 06, 2018   WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights. The report covers Bureau supervision activities generally completed between December 2017 and May 2018, and shares observations in the areas of auto loan servicing, credit…

OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

September 7, 2018 / Source: OCC

NR 2018-93 FOR IMMEDIATE RELEASE September 6, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 16 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 August 1, 2018…

Counterfeit Official Bank Checks of Sterling National Bank, Montebello, N.Y.

September 6, 2018 / Source: OCC

Alert 2018-11 Subject: Counterfeit Official Bank Checks Date: September 5, 2018 Description: Sterling National Bank Counterfeit Official Bank Checks of Sterling National Bank, Montebello, N.Y. To: Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of…

FDIC Issues List of Banks Examined for CRA Compliance

September 6, 2018 / Source: FDIC

Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE September 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…

Agencies extend comment period for proposed rule simplifying and tailoring the “Volcker rule”

September 4, 2018 / Source: FRB

Joint Press Release September 04, 2018 Agencies extend comment period for proposed rule simplifying and tailoring the “Volcker rule” Board of Governors of the Federal Reserve System Commodity Futures Trading Commission Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Securities and Exchange Commission For release at 10:00 a.m. EDT Five federal financial…

Federal Reserve Board announces termination of enforcement action

September 4, 2018 / Source: FRB

Press Release September 04, 2018 Federal Reserve Board announces termination of enforcement action with OSB Community Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: OSB Community Bank, Brooklyn, Michigan Written Agreement dated July 30, 2015 Terminated August 30, 2018 Additional enforcement…

FDIC Issues CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019

September 4, 2018 / Source: FDIC

Press Releases FDIC Issues CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019 FOR IMMEDIATE RELEASE August 31, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2018 and…