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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HUD ANNOUNCES AGENCY EFFORTS TO REDUCE RISK FROM CASH-OUT REFINANCE LENDING

August 2, 2019 / Source: FHA

HUD No. 19-114 HUD Public Affairs (202) 708-0685 FOR RELEASE Thursday August 1, 2019 HUD ANNOUNCES AGENCY EFFORTS TO REDUCE RISK FROM CASH-OUT REFINANCE LENDING FHA and Ginnie Mae seek to preserve homeowner equity and, boost investor confidence WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced joint policy actions designed…

OCC Guidelines for Requesting Approval of a Strategic Plan

August 1, 2019 / Source: OCC

OCC BULLETIN 2019-39 Subject: Community Reinvestment Act Date: July 31, 2019 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Guidelines for Requesting Approval of a Strategic Plan Summary The Office of the…

OCC Guidelines for Requesting Designation as a Wholesale, Limited Purpose, or Special Purpose Bank

August 1, 2019 / Source: OCC

OCC BULLETIN 2019-40 Subject: Community Reinvestment Act Date: July 31, 2019 To: Chief Executive Officers and Compliance Officers of All National Banks, Federal Savings Associations, and Federal Branches of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Guidelines for Requesting Designation as a Wholesale, Limited Purpose, or Special Purpose…