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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May 24, 2019
Until further notice, when submitting a document for CA/ review, members are asked to use this email: firstname.lastname@example.org. Documents must be either.txt, .rtf, .doc, .docx, .pdf, .jpg, .xls, .xlsx formats. We apologize for the inconvenience as we work to correct the problem. Thank you.
Office of the Comptroller of the Currency Issues Final Rule to Enhance Business Flexibility for Federal Savings Associations
May 24, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) has issued a final rule that provides more business flexibility to federal savings associations.
Federal Reserve Board releases results of survey of senior financial officers at banks about strategies and practices for managing reserve balances
May 24, 2019 / Source: FRB
The Federal Reserve Board on Thursday released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances.
Consumer Financial Protection Bureau Launches Financial Education Tool for Active-Duty Servicemembers
May 23, 2019 / Source: CFPB
Today the Consumer Financial Protection Bureau (CFPB) significantly expanded its Misadventures in Money Management financial education tool to active-duty servicemembers.
May 23, 2019 / Source: FRB
The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in May. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures.
May 23, 2019 / Source: FDIC
he Federal Deposit Insurance Corporation (FDIC) has resolved a lawsuit with Advance America, Cash Advance Centers, Inc.; Check Into Cash, Inc.; and Northstate Check Exchange. Advance America et al. v. Federal Deposit Insurance Corporation et al. (D.D.C.).
May 22, 2019 / Source: OCC
The above-named bank has reported that counterfeit cashier’s checks using the bank’s routing number of 081906275 are being presented for payment nationwide in connection with a variety of online auction and job opportunity scams.
May 22, 2019 / Source: CFPB
The Bureau is publishing its Spring 2019 Agenda as part of the Spring 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget.
May 22, 2019 / Source: FRB
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 30-May 1, 2019.
May 21, 2019 / Source: FDIC
The FDIC's Division of Depositor and Consumer Protection (DCP) will conduct an interagency webinar scheduled for Tuesday, June 18, 2019, that will focus on the recently issued interagency final rule on private flood insurance.
May 21, 2019 / Source: OCC
Senior Deputy Comptroller for Bank Supervision Policy Grovetta N. Gardineer today discussed efforts to protect the financial system from being misused for illegal purposes during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
May 20, 2019 / Source: FDIC
The FDIC's Office of Minority and Women Inclusion (OMWI) prepared a video that is available on the FDIC YouTube Channel.
May 20, 2019 / Source: NACHA
The Nacha Operating Rules (Rules) require all Originating Depository Financial Institutions (ODFI) to register their Third-Party Sender (TPS) relationships, or state that they do not have any with Nacha.
May 17, 2019
This session will discuss common issues with TRID since the amendments that were in October of 2018. This presentation will hit common issues from TRID “classic” like the scope of the rule. Common misconceptions like needing to get signatures and general cover the changes and the FAQs. The presentation will include scenarios based off frequently asked questions on our hotline.
May 17, 2019 / Source: CFPB
he Consumer Financial Protection Bureau today filed a lawsuit in the federal district court in the Eastern District of New York against Forster & Garbus, LLP, a New York debt-collection law firm.
May 17, 2019 / Source: FRB
The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2020.
May 16, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.
May 16, 2019 / Source: OCC
Comptroller of the Currency Joseph M. Otting today discussed efforts to implement reforms to ensure banks operate in a safe, sound, and fair manner as well as work to promote diversity within the Office of the Comptroller of the Currency and the federal banking system.
May 15, 2019 / Source: OCC
Comptroller of the Currency Joseph M. Otting today discussed the common sense, bipartisan reforms that are reducing unnecessary burden on banks while ensuring they operate in a safe, sound, and fair manner.
May 15, 2019 / Source: The Hill
The House on Tuesday passed a bill to extend the National Flood Insurance Program (NFIP) through Sept. 30, the end of the fiscal year.
May 14, 2019 / Source: Nacha
Nacha applauds the Federal Reserve Board of Governors for issuing its proposal to extend its settlement services to support Same Day ACH enhancements with later settlement hours.
Consumer Financial Protection Bureau Outlines Plan to Review Rules Under the Regulatory Flexibility Act
May 13, 2019 / Source: CFPB
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input.
May 13, 2019 / Source: FDIC
The following press releases, issued by the U.S. Department of Justice:
New FinCEN Guidance Affirms Its Longstanding Regulatory Framework for Virtual Currencies and a New FinCEN Advisory Warns of Threats Posed by Virtual Currency Misuse
May 10, 2019 / Source: Financial Crimes Enforcement Network
WASHINGTON—To provide regulatory certainty for businesses and individuals engaged in expanding fields of financial activity, the Financial Crimes Enforcement Network (FinCEN) today issued the following guidance, Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies (CVC). The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs.
May 10, 2019
May Compliance Huddle is now available