Events

  • Live Membership Demo 12-18-2018

    December 18, 2018

    Join us for a live demonstration of the benefits of membership with Compliance Alliance. This virtual, interactive tour will provide an in-depth look at each of our tool types and resource categories. You will also learn more about the additional services that Compliance Alliance offers member banks.

    Register here

    *We have been experiencing some technical difficulties with WebEx. If you have difficulty registering for a demo, please contact us at (888) 353-3933 and we are happy to register you. Thank you.

  • Live Membership Demo 12-20-2018

    December 20, 2018

    Join us for a live demonstration of the benefits of membership with Compliance Alliance. This virtual, interactive tour will provide an in-depth look at each of our tool types and resource categories. You will also learn more about the additional services that Compliance Alliance offers member banks.

    Register here

    *We have been experiencing some technical difficulties with WebEx. If you have difficulty registering for a demo, please contact us at (888) 353-3933 and we are happy to register you. Thank you.

  • Comment Period: Request for Information Regarding Bureau Data Collections

    December 27, 2018

    The Bureau of Consumer Financial Protection (Bureau) is seeking comments and information from interested parties to assist the Bureau in assessing the overall efficiency and effectiveness of the Bureau's Data Governance Program and its Data Collections in support of the Bureau's work and, consistent with law, the Bureau is considering whether any changes to its Data Governance Program or Data Collections would be appropriate. Read more here

  • Effective Date: HMDA Final Rule (third)

    January 1, 2019

    This rule was generally effective on January 1, 2018, except that the amendment to Sec. 1003.2 in amendatory instruction 3 is effective on January 1, 2017; the amendments to Sec. 1003.5 in amendatory instruction 8, the amendments to Sec. 1003.6 in amendatory instruction 10, the amendments to appendix A to part 1003 in amendatory instruction 12, and the amendments to supplement I to part 1003 in amendatory instruction 16 are effective on January 1, 2019; and the amendments to Sec. 1003.5 in amendatory instruction 9 are effective on January 1, 2020. See part VI for more information here. Also see here for the CFPB's Key Dates Timeline.

  • Effective Date: Truth in Lending (Regulation Z) Annual Threshold Adjustments

    January 1, 2019

    Adjusts the thresholds for the CARD Act, HOEPA, and ATR/QM. Read more here

  • Effective Date: Reg. CC Availability of Funds and Collection of Checks

    January 1, 2019

    The Board is publishing a final rule that amends Subpart C of Regulation CC to address situations where there is a dispute as to whether a check has been altered or was issued with an unauthorized signature, and the original paper check is not available for inspection. This rule adopts a presumption of alteration for disputes between banks over whether a substitute check or electronic check contains an alteration or is derived from an original check that was issued with an unauthorized signature of the drawer. Read more here

  • Effective Date: Final Amendments to Regulation J

    January 1, 2019

    The Board of Governors of the Federal Reserve System (Board) is publishing final amendments to Regulation J. The amendments clarify and simplify certain provisions of Subpart A of Regulation J, remove obsolete provisions, and align the rights and obligations of sending banks, paying banks, and Federal Reserve Banks (Reserve Banks) with the Board’s recent amendments to Regulation CC, Availability of Funds and Collection of Checks (12 CFR part 229), to reflect the virtually all-electronic check collection and return environment. The final rule also amends subpart B of Regulation J to clarify that terms used in financial messaging standards, such as ISO 20022, do not confer legal status or responsibilities. Read more here

  • Effective Date: Appraisals for Higher-Priced Mortgage Loans Exemption Threshold

    January 1, 2019

    Based on the CPI-W in effect as of June 1, 2018, the exemption threshold will increase from $26,000 to $26,700, effective January 1, 2019. Read more here

  • [Cloned] Effective Date: Consumer Leasing (Regulation M)

    January 1, 2019

    Based on the annual percentage increase in the CPI-W as of June 1, 2018, the exemption threshold will increase from $55,800 to $57,200 effective January 1, 2019. Read more here

  • Live Membership Demo 01-03-2019

    January 3, 2019

    Join us for a live demonstration of the benefits of membership with Compliance Alliance. This virtual, interactive tour will provide an in-depth look at each of our tool types and resource categories. You will also learn more about the additional services that Compliance Alliance offers member banks.

    Register here

    *We have been experiencing some technical difficulties with WebEx. If you have difficulty registering for a demo, please contact us at (888) 353-3933 and we are happy to register you. Thank you.

  • Comment Period: Reduced Reporting for Covered Depository Institutions

    January 18, 2019

    The OCC, the Board, and the FDIC (collectively, the agencies) are inviting comment on a proposed rule that would implement section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act by: Expanding the eligibility to file the agencies' most streamlined report of condition, the FFIEC 051 Call Report, to include certain insured depository institutions with less than $5 billion in total consolidated assets that meet other criteria; and, establishing reduced reporting on the FFIEC 051 Call Report for the first and third reports of condition for a year. The OCC and Board also are proposing similar reduced reporting for certain uninsured institutions that they supervise with less than $5 billion in total consolidated assets that otherwise meet the same criteria. This Federal Register notice also includes a Paperwork Reduction Act notice to reduce the amount of data required to be reported on the FFIEC 051 Call Report for the first and third calendar quarters, and other related changes. Read more here

  • Comment Period: Applicability thresholds for regulatory capital and liquidity requirements

    January 22, 2019

    The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting comment on a proposal that would establish risk-based categories for determining applicability of requirements under the regulatory capital rule, the liquidity coverage ratio rule, and the proposed net stable funding ratio rule for large U.S. banking organizations. The proposal would establish four categories of standards and apply tailored capital and liquidity requirements for banking organizations subject to each category. The proposal is consistent with a separate proposal issued by the Board that would apply certain prudential standards for large U.S. banking organizations based on the same categories. The proposal would not amend the capital and liquidity requirements currently applicable to an intermediate holding company of a foreign banking organization or its subsidiary depository institutions. This proposal also would not amend the requirements applicable to Federal branches or agencies of foreign banking organizations. Read more here

  • Comment Period: Request for Information on Small-Dollar Lending

    January 22, 2019

    The FDIC is seeking comments and information from interested parties on small-dollar lending, including steps that can be taken to encourage FDIC-supervised financial institutions (banks) to offer small-dollar credit products that are responsive to customers' needs and that are underwritten and structured prudently and responsibly. Read more here

  • Effective Date: Prepaid Accounts under EFTA/TILA

    April 1, 2019

    While the original rule was effective on October 1, 2017, it was extended first (on April 20, 2017) by six months to April 1, 2018, and then extended again (on January 25, 2018) by a year to April 1, 2019. Read more here and here

  • Effective Date: EGRRCPA, SEC. 302. PROTECTING VETERANS’ CREDIT

    May 24, 2019

    “(e) Effective Date.—The amendments made by this section shall take effect on the date that is 1 year after the date of enactment of this Act.” Read more here

  • Current Mandatory Compliance Date: Payday, Vehicle Title, and Certain High-Cost Installment Loans

    August 19, 2019

    Effective Date: This regulation is effective January 16, 2018. Compliance Date: Sections 1041.2 through 1041.10, 1041.12, and 1041.13 have a compliance date of August 19, 2019. Read more here. Note, however, that on February 16, 2018, the CFBP stated that the “Bureau intends to engage in a rulemaking process so that the Bureau may reconsider the Payday Rule.” 

  • Effective Date: NACHA Faster Funds Availability Rule

    September 20, 2019

    Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day. The second increases the Same Day ACH per-transaction dollar limit to $100,000. The third increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. Read more here

  • Effective Date: EGRRCPA, SEC. 106. ELIMINATING BARRIERS TO JOBS FOR LOAN ORIGINATORS

    November 24, 2019

    “(d) Effective Date.—This section and the amendments made by this section shall take effect on the date that is 18 months after the date of enactment of this Act.” Read more here

  • Effective Date: New Accounting Standard on Financial Instruments - Credit Losses

    December 15, 2019

    Effective date for public business entities (PBE) that are U.S. Securities and Exchange Commission (SEC) filers5 (SEC filers): Fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Read more here

  • Effective Date: HMDA Final Rule (fourth)

    January 1, 2020

    This rule was generally effective on January 1, 2018, except that the amendment to Sec. 1003.2 in amendatory instruction 3 is effective on January 1, 2017; the amendments to Sec. 1003.5 in amendatory instruction 8, the amendments to Sec. 1003.6 in amendatory instruction 10, the amendments to appendix A to part 1003 in amendatory instruction 12, and the amendments to supplement I to part 1003 in amendatory instruction 16 are effective on January 1, 2019; and the amendments to Sec. 1003.5 in amendatory instruction 9 are effective on January 1, 2020. See part VI for more information here. Also see here for the CFPB's Key Dates Timeline. 

  • Effective Date: NACHA Increase in the Per-Transaction Dollar Limit

    March 20, 2020

    Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day. The second increases the Same Day ACH per-transaction dollar limit to $100,000. The third increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. Read more here

  • Effective Date: NACHA New Same Day ACH Processing Window with Expanded Hours

    September 18, 2020

    Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the capabilities of Same Day ACH for all financial institutions and their customers. The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day. The second increases the Same Day ACH per-transaction dollar limit to $100,000. The third increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. Read more here

  • Effective Date: New Accounting Standard on Financial Instruments - Credit Losses

    December 15, 2020

    • Other PBEs (non-SEC filers6 ): Fiscal years beginning after December 15, 2020, including interim periods within those fiscal years.

    • Non-PBEs (private companies): Fiscal years beginning after December 15, 2020, including interim periods beginning after December 15, 2021.

    Read more here

  • Effective Date: Amendments to ECOA/Regulation B Ethnicity and Race Information

    January 1, 2022

    The rule was generally effective on January 1, 2018, except that the amendment to Appendix B removing the existing “Uniform Residential Loan Application” form in amendatory instruction 6 is effective January 1, 2022. Read more here