Owned by 24 State Bankers Associations, Compliance Alliance monitors the needs of bankers to create, update and continually provide the most sought-after banking regulation resources in the industry.
Our products and services include:
Compliance Alliance provides unique access to tools and resources designed specifically to assist banks in keeping up and staying ahead in an ever-changing regulatory environment. Learn more about becoming a Compliance Alliance member and see how we can help your bank thrive.
This is a two piece cheat sheet - One page is a "Providing the Closing Disclosure" that breaks down when the disclosure is due and when it would need to be mailed based on the closing date. The other page is a "TILA RESPA Integrated Disclosure Timeline" that takes you from application to consummation.Free Download
This document summarizes the integrated disclosures rule.Free Download
In a letter to the Government Accountability Office (GAO), Senator David Vitter questioned “the adequacy and thoroughness of the CFPB’s analysis of small business impacts” in connection with its payday lending rulemaking process and asked the GAO to conduct an investigation and issue a report on its findings. Senator Vitter chairs the Senate Committee on Small Business and Entrepreneurship. In March 2015, in preparation for convening a small business review panel required by the Small Business Regulatory Enforcement Fairness Act (SBREFA) and Dodd-Frank, the CFPB released its contemplated proposals taking aim at payday (and other small-dollar, high-rate) loans. As Mark Furletti reported, a SBREFA panel met in April 2015 to discuss the proposals. (Mark participated at the SBREFA panel as an advisor to a small entity representative (SER).) In his letter, Senator Vitter listed seven issues he wants the GAO to examine. Those issues include whether: -the CFPB conducted the selection of SERs in a way that guarantees adequate input from a reasonable distribution and representation of small entities that would likely be impacted by the CFPB’s proposals; -the SBREFA panel process allows the CFPB to adequately consider the SERs’ views, concerns and data prior to issuing a proposed rule; and -the CFPB, in the materials distributed to the SERs of how its proposals would impact the cost of credit for small business, provided an adequate analysis. Senator Vitter also asked the GAO to interview SERs who participated in the SBREFA panels to gauge their views on the panel process, including whether they believe (1) their respective industry was adequately represented in the selection of participants, and (2) the materials distributed to them adequately prepared them to provide constructive input.
The above-named bank has reported that counterfeit cashier’s checks using a correct routing number of 231375151 are being presented for payment nationwide in connection with a mystery shopping scam.
The Federal Reserve Board on Thursday requested comment on enhancements that the Federal Reserve Banks are considering to their current same-day automated clearing house (ACH) service in order to correspond to recently adopted amendments [Leaving the Board] to NACHA's ACH…
The Secretary proposes to amend the cash management regulations under subpart K and other sections of the Student Assistance General Provisions regulations issued under the Higher Education Act of 1965, as amended (HEA). These proposed regulations are intended to ensure that students have convenient…