Events

  • Live Membership Demo 08-27-2019

    August 27, 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.

  • Live Membership Demo 08-29-2019

    August 29, 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.

  • Effective Date: Availability of Funds and Collection of Checks (Regulation CC)

    September 3, 2019

    SUMMARY:

    The Board and the Bureau (Agencies) are amending Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), to implement a statutory requirement in the EFA Act to adjust the dollar amounts under the EFA Act for inflation. The Agencies are also amending Regulation CC to incorporate the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) amendments to the EFA Act, which include extending coverage to American Samoa, the Commonwealth of the Northern Mariana Islands, and Guam, and making certain other technical amendments.

    DATES:

    This rule is effective September 3, 2019, except for the amendments to 12 CFR 229.1, 229.10, 229.11, 229.12(d), 229.21, and appendix E to part 229, which are effective July 1, 2020.

     

    Read more here

  • Live Membership Demo 09-03-2019

    September 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.

  • Live Membership Demo 09-05-2019

    September 5, 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.

  • Live Membership Demo 09-10-2019

    September 10, 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.

  • Live Membership Demo 09-12-2019

    September 12, 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: Temporary GSE QM Loans Expiration

    September 16, 2019

    With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any residential mortgage loan, and loans that meet Regulation Z's requirements for “qualified mortgages” obtain certain protections from liability. One category of qualified mortgages (QMs) is loans that are eligible for purchase or guarantee by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). Under Regulation Z, this category of QMs (Temporary GSE QM loans) is scheduled to expire no later than January 10, 2021. The Bureau currently plans to allow the Temporary GSE QM loan category to expire in January 2021 or after a short extension, if necessary, to facilitate a smooth and orderly transition away from the Temporary GSE QM loan category. The Bureau is considering whether to propose revisions to Regulation Z's general qualified mortgage definition in light of that planned expiration and is issuing this ANPR to request information about possible revisions. Read more here

  • Comment Period: CFPB Issues Advanced Notice of Proposed Rulemaking Regarding Qualified Mortgages

    September 16, 2019

    With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any residential mortgage loan, and loans that meet Regulation Z's requirements for “qualified mortgages” obtain certain protections from liability. One category of qualified mortgages (QMs) is loans that are eligible for purchase or guarantee by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). Under Regulation Z, this category of QMs (Temporary GSE QM loans) is scheduled to expire no later than January 10, 2021. The Bureau currently plans to allow the Temporary GSE QM loan category to expire in January 2021 or after a short extension, if necessary, to facilitate a smooth and orderly transition away from the Temporary GSE QM loan category. The Bureau is considering whether to propose revisions to Regulation Z's general qualified mortgage definition in light of that planned expiration and is issuing this ANPR to request information about possible revisions. Read more here. 

  • Live Membership Demo 09-17-2019

    September 17, 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: Debt Collection Practices (Regulation F) *Extended*

    September 18, 2019

    The Bureau of Consumer Financial Protection (Bureau) proposes to amend Regulation F, 12 CFR part 1006, which implements the Fair Debt Collection Practices Act (FDCPA) and currently contains the procedures for State application for exemption from the provisions of the FDCPA. The Bureau's proposal would amend Regulation F to prescribe Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. The Bureau's proposal would, among other things, address communications in connection with debt collection; interpret and apply prohibitions on harassment or abuse, false or misleading representations, and unfair practices in debt collection; and clarify requirements for certain consumer-facing debt collection disclosures. Read more here

    NOTE: The comment period was extended to September 18, 2019. Read more here

  • Live Membership Demo 09-19-2019

    September 19, 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.

  • 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

  • Live Membership Demo 09-24-2019

    September 24, 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.

  • Live Membership Demo 09-26-2019

    September 26, 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.

  • Effective Date: Regulatory Capital Simplification Final Rule

    October 1, 2019

    The portions of the final rule related to simpler requirements for mortgage servicing assets, certain deferred tax assets, investments in the capital of unconsolidated financial institutions, and minority interest (incorporated in the amendatory instructions 7, 8, 24, 30, 31, 47.b, 53, 54, and 70) are effective on April 1, 2020. The portions of the final rule related to the technical amendments (incorporated in the amendatory instructions 1-6, 9-23, 25-29, 32-46, 47.a, 48-52, and 55-69) are effective October 1, 2019. Any banking organization subject to the capital rule may elect to adopt the technical amendments that are effective October 1, 2019, prior to that date. Read more here

  • Extended Comment Period: HMDA Data Points and Coverage ANPR

    October 15, 2019

    The Bureau of Consumer Financial Protection (Bureau) is issuing this Advance Notice of Proposed Rulemaking (ANPR) to solicit comments relating to whether to make changes to the data points that the Bureau's October 2015 final rule implementing the Home Mortgage Disclosure Act (HMDA) added to Regulation C or revised to require additional information. Additionally, the Bureau is issuing this ANPR to solicit comments relating to the requirement that institutions report certain business- or commercial-purpose transactions under Regulation C. Read more here

     

    Note that this was extended from July 8, 2019. Read more here

  • Comment Period: Proposed Rule to Amend HMDA Thresholds *Extended*

    October 15, 2019

    The Bureau of Consumer Financial Protection (Bureau) is proposing two alternatives to amend Regulation C to increase the threshold for reporting data about closed-end mortgage loans so that institutions originating fewer than either 50 closed-end mortgage loans, or alternatively 100 closed-end mortgage loans, in either of the two preceding calendar years would not have to report such data as of January 1, 2020. The proposed rule would also adjust the threshold for reporting data about open-end lines of credit by extending to January 1, 2022, the current temporary threshold of 500 open-end lines of credit and setting the threshold at 200 open-end lines of credit upon the expiration of the proposed extension of the temporary threshold. The Bureau is also proposing to incorporate into Regulation C the interpretations and procedures from the interpretive and procedural rule that the Bureau issued on August 31, 2018, and to implement further section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Read more here

    The comment period has been extended to October 15, 2019. Read more here

  • Comment Period: FRB Issues Notice and Request for Comment for Faster Payments Solution

    November 7, 2019

    The Board of Governors of the Federal Reserve System (Board) has determined that the Federal Reserve Banks (Reserve Banks) should develop a new interbank 24x7x365 real-time gross settlement service with integrated clearing functionality to support faster payments in the United States. The new service would support depository institutions' provision of end-to-end faster payment services and would provide infrastructure to promote ubiquitous, safe, and efficient faster payments in the United States. In addition, the Federal Reserve intends to explore expanded hours for the Fedwire® Funds Service and the National Settlement Service, up to 24x7x365, to support a wide range of payment activities, including liquidity management in private-sector real-time gross settlement services for faster payments. Subject to the outcome of additional analysis of relevant operational, risk, and policy considerations, the Board will seek public comment separately on plans to expand hours for the Fedwire Funds Service and the National Settlement Service. 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

  • OCC Extends Dodd-Frank Act Stress Test Requirements

    November 25, 2019

    Because national banks and federal savings associations (FSAs) with consolidated assets between $100 billion and $250 billion will not be subject to the Dodd-Frank Act Stress Test (DFAST) requirements as of November 24, 2019, the OCC extended the deadline for compliance with the DFAST requirements for those banks to November 25, 2019. 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: CFPB Issues Final Rule Adjusting the Annual Thresholds under Reg Z for 2020

    January 1, 2020

    The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule amending the regulation text and official interpretations for Regulation Z, which implements the Truth in Lending Act (TILA). The Bureau is required to calculate annually the dollar amounts for several provisions in Regulation Z; this final rule revises, as applicable, the dollar amounts for provisions implementing TILA and amendments to TILA, including under the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act), the Home Ownership and Equity Protection Act of 1994 (HOEPA), and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Bureau is adjusting these amounts, where appropriate, based on the annual percentage change reflected in the Consumer Price Index (CPI) in effect on June 1, 2019. Read more here

  • 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