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].

Consumer Financial Protection Bureau Settles with Fifth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

September 1, 2020 / Source: CFPB

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Hypotec, Inc., a mortgage broker based in Miami, Florida that is licensed in eight states. Hypotec offers and provides mortgage loans guaranteed by the United States Department of Veterans Affairs (VA). Hypotec advertises its VA-guaranteed loans to United States military servicemembers…

OCC Issues Fourth Quarter 2020 and First Quarter 2021 CRA Evaluation Schedule

September 1, 2020 / Source: OCC

News Release 2020-113  WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter 2020 and first quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA. Public comments…

OCC Hosts Mutual Savings Association Advisory Committee Meeting September 22 Via Webinar

September 1, 2020 / Source: OCC

News Release 2020-114 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, September 22, 2020, via webinar. The teleconference is open to the public and will begin at 8:30 a.m. Eastern Daylight Time (EDT). The purpose of the…

OCC Releases CRA Evaluations for 20 National Banks and Federal Savings Associations September 1, 2020

September 1, 2020 / Source: OCC

News Release 2020-115  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, 2020 through August 31, 2020. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received…

Agencies Extend Comment Period on Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance

September 1, 2020 / Source: FDIC

Press Release FOR IMMEDIATE RELEASE WASHINGTON—Five federal regulatory agencies today announced they will extend the comment period on a proposal to revise the Interagency Questions and Answers Regarding Flood Insurance (Interagency Questions and Answers) until November 3, 2020. The agencies are extending the comment period because of the extent of the revisions proposed by the agencies and…