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].
FDIC Board Finalizes Changes to Recordkeeping Requirements for Deposit Insurance Determinations
July 16, 2019 / Source: FDIC
Press Releases FDIC Board Finalizes Changes to Recordkeeping Requirements for Deposit Insurance Determinations FOR IMMEDIATE RELEASE July 16, 2019 Media contact: David Barr (202) 898-6992 [email protected] The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved amendments to two rules to simplify the process for making insurance determinations in the event a…
FinCEN Exchange Forum Counters Business Email Compromise Scams
July 16, 2019 / Source: FinCEN
FinCEN Exchange Forum Counters Business Email Compromise Scams Contact Steve Hudak, 703-905-3770 Immediate Release July 16, 2019 Suspicious Activity Reports indicate more than $300 million a month in theft WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced new efforts to curtail and impede Business Email Compromise (BEC) scammers and other criminals who profit from their…
ACH Network Sees Highest Quarterly Growth in 11 Years
July 15, 2019 / Source: NACHA
ACH Network Sees Highest Quarterly Growth in 11 Years POSTED ON July 11, 2019 Same Day ACH Volume Jumps 46% HERNDON, Va., July 11, 2019 – The ACH Network saw its highest quarterly growth rate in more than a decade during the second quarter of 2019. Volume rose 7.7% over the same period in 2018, marking…
Committee Passes Legislation to Reform the Credit Reporting System, Increase Diversity, and Strengthen Housing Protections
July 15, 2019 / Source: House Financial Services Committee
Press Releases Committee Passes Legislation to Reform the Credit Reporting System, Increase Diversity, and Strengthen Housing Protections Washington, DC, July 11, 2019 Today, the House Financial Services Committee, held a markup of ten bills to reform the broken credit reporting system, increase diversity and inclusion efforts in the financial services sector, improve the homebuying process and preserve…
OCC Allows National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast to Close
July 12, 2019 / Source: OCC
NR 2019-78 FOR IMMEDIATE RELEASE July 12, 2019 Contact: Bryan Hubbard (202) 649-6870 OCC Allows National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast to Close WASHINGTON — The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and…
Agencies Propose Rule on the Capital Treatment of Land Development Loans
July 12, 2019 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency NR 2019-77 FOR IMMEDIATE RELEASE July 12, 2019 Agencies Propose Rule on the Capital Treatment of Land Development Loans The federal bank regulatory agencies today invited public comment on a proposal to clarify the…
Minutes of the Federal Open Market Committee, June 18-19, 2019
July 11, 2019 / Source: FRB
Press Release July 10, 2019 Minutes of the Federal Open Market Committee, June 18-19, 2019 For release at 2:00 p.m. EDT Share The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 18-19, 2019. A summary of economic projections made by Federal…
Ohio Man Pleads Guilty To Bank And Wire Fraud
July 11, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Monday, July 8, 2019 Ohio Man Pleads Guilty To Bank And Wire Fraud COVINGTON, Ky. – Today, an Ohio man admitted in federal court that he collectively defrauded a Kentucky bank and seventeen individuals and businesses in Kentucky, Ohio, West Virginia, and Wisconsin of more than $4.6 million. Anthony McQuaid, 47, pleaded guilty…
Agencies Adopt Final Rule to Exclude Community Banks from the Volcker Rule
July 10, 2019 / Source: OCC
Joint Release 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 NR 2019-76 FOR IMMEDIATE RELEASE July 9, 2019 Agencies Adopt Final Rule to Exclude Community Banks from the Volcker Rule Five federal financial regulatory agencies announced…
Agencies Simplify Regulatory Capital Rules
July 10, 2019 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency NR 2019-75 FOR IMMEDIATE RELEASE July 9, 2019 Agencies Simplify Regulatory Capital Rules The federal bank regulatory agencies today issued a final rule that reduces regulatory burden by simplifying several requirements in the agencies'…
Consumer Financial Protection Bureau Settles Lawsuit Against Freedom Debt Relief
July 9, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles Lawsuit Against Freedom Debt Relief JUL 09, 2019 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today settled its lawsuit against Freedom Debt Relief, LLC, the nation’s largest debt-settlement services provider. The company agreed to pay $20 million in restitution to affected consumers and a $5 million civil money penalty. The…
Federal Reserve System white paper examines the effects of synthetic identity payments fraud
July 9, 2019 / Source: FRB
Press Release July 09, 2019 Federal Reserve System white paper examines the effects of synthetic identity payments fraud For release at 2:00 p.m. EDT Share Synthetic identity payments fraud is a fast-growing but little-understood problem that affects individuals, financial institutions, government agencies, and private industry. The severity of this type of fraud is documented in…
Board of Directors: Reg. O Webinar is Now Available!
July 9, 2019 / Source:
Board of Directors: Reg. O Webinar is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Reduced Reporting in Call Reports for Covered Depository Institutions
July 8, 2019
Financial Institution Letters FIL-36-2019 July 5, 2019 Reduced Reporting in Call Reports for Covered Depository Institutions Printable Format: FIL-36-2019 – PDF (PDF Help) Summary: The federal banking agencies have adopted the attached final rule to implement Section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Section 205 requires the agencies to issue regulations to…
South Florida Resident Sentenced to 30 Years for $100 Million International Fraud Scheme that Led to the Collapse of One of Puerto Rico’s Largest Banks
July 8, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Wednesday, July 3, 2019 South Florida Resident Sentenced to 30 Years for $100 Million International Fraud Scheme that Led to the Collapse of One of Puerto Rico’s Largest Banks A Key Biscayne, Florida, resident and the former CEO and Chairman of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in…
Bank General Counsel Pleads Guilty To Conspiracy to Defraud First NBC Bank
July 8, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Tuesday, July 2, 2019 Bank General Counsel Pleads Guilty To Conspiracy to Defraud First NBC Bank NEW ORLEANS – The United States Attorney’s Office announced that GREGORY ST. ANGELO (“ST. ANGELO”), age 54, a resident of St. Tammany Parish, pled guilty Friday, June 28, 2019 to conspiring to defraud First NBC Bank, the New Orleans-based…
C/A Closed for July 4th
July 4, 2019
C/A's offices will be closed this Thursday for the July 4th Holiday. The following day, Hotline Staff will be available by chat, email and phone from 7am – 4pm Central time zone. To send an email on Friday, please submit your requests to [email protected]. Phone calls should be directed to (888) 353-3933. This will only be…
Fannie Mae Acceptability of Private Flood Insurance
July 3, 2019 / Source: Fannie Mae
Selling Notice June 05, 2019 Acceptability of Private Flood Insurance The National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended, require owners of residences located in a FEMA-designated Special Flood Hazard Area (SFHA) to obtain flood insurance in connection with certain mortgage loans (including those delivered to Fannie…
Federal Reserve Board announces it is seeking individuals to serve on its Insurance Policy Advisory Committee (IPAC)
July 3, 2019 / Source: FRB
Press Release July 03, 2019 Federal Reserve Board announces it is seeking individuals to serve on its Insurance Policy Advisory Committee (IPAC) For release at 11:00 a.m. EDT Share The Federal Reserve Board on Wednesday announced that it is seeking individuals to serve on its Insurance Policy Advisory Committee on International Capital Standards and Other Insurance…
FDIC Issues July 2019 List of Banks Examined for CRA Compliance
July 3, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE July 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 23 National Banks and Federal Savings Associations
July 3, 2019 / Source: OCC
NR 2019-74 FOR IMMEDIATE RELEASE July 2, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 23 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 June 1, 2019…
OCC Hosts South Dakota Workshop for Board Directors and Bank Management
July 2, 2019 / Source: OCC
NR 2019-73 FOR IMMEDIATE RELEASE July 2, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts South Dakota Workshop for Board Directors and Bank Management WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host a workshop in Sioux Falls, South Dakota, at the Holiday Inn Sioux Falls – City Centre, August 6-7,…
Federal Reserve Board releases annual determination of aggregate consolidated liabilities of financial companies
July 2, 2019 / Source: FRB
Press Release July 01, 2019 Federal Reserve Board releases annual determination of aggregate consolidated liabilities of financial companies For release at 5:00 p.m. EDT Share The Federal Reserve Board on Monday released its annual determination of the aggregate consolidated liabilities of financial companies as required by section 622 of the Dodd-Frank Act. The act prohibits…
Covered Savings Associations Implementation: Covered Savings Associations
July 1, 2019 / Source: OCC
OCC BULLETIN 2019-31 Subject: Covered Savings Associations Implementation Date: July 1, 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: Covered Savings Associations Summary On May 24, 2019, the Office of the Comptroller of the Currency (OCC) issued a final…
CFPB EXTENDS COMMENT PERIOD FOR ANPR ON HMDA DATA POINTS
July 1, 2019 / Source: CFPB
CFPB EXTENDS COMMENT PERIOD FOR ANPR ON HMDA DATA POINTS JUN 27, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Advance Notice of Proposed Rulemaking (ANPR) relating to the Home Mortgage Disclosure Act (HMDA). The extension will give interested parties an opportunity to review…