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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September 20, 2019 / Source: FDICOIG
A Tupelo bank officer and his co-defendant were sentenced today by U.S. District Judge Debra M. Brown in federal court in Greenville, Mississippi for bank fraud.
September 20, 2019 / Source: FRB
The Federal Reserve Board on Thursday announced the termination of the enforcement action.
September 20, 2019 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) is notifying FDIC-supervised financial institutions (banks) that the Office of the Ombudsman — which is independent of the supervisory process, reports directly to the FDIC Chairman's office, and is a confidential resource for banks — is now administering the Post-Examination Survey (Survey) process.
September 19, 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.
September 19, 2019 / Source: CFPB
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC). will host a public workshop on December 10, 2019 to discuss issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports.
September 18, 2019 / Source: CFPB
Today the Consumer Financial Protection Bureau (CFPB) announced that it will continue the publication of consumer complaints, data fields and narrative descriptions through the Bureau’s Consumer Complaint Database while making several enhancements to the information available to users of the database.
September 18, 2019 / Source: CDFI
Over Half Billion Dollars has now been awarded through the Bank Enterprise Awards Program.
FDIC Finalizes Rules to Simplify Capital Calculation for Qualifying Community Banking Organizations and to Early Adopt Certain Related Simplifications to the Regulatory Capital Requirements
September 17, 2019 / Source: FDIC
The FDIC today finalized a rule that introduces an optional simplified measure of capital adequacy for qualifying community banking organizations (i.e., the community bank leverage ratio (CBLR) framework), as required by the Economic Growth, Regulatory Relief and Consumer Protection Act. The CBLR framework is designed to reduce burden by removing the requirements for calculating and reporting risk-based capital ratios for qualifying community banking organizations that opt into the framework.
New report explores the relationship between Financial Well-Being and the contents of and engagement with credit reports
September 17, 2019 / Source: CFPB
Today the Consumer Financial Protection Bureau (Bureau) released an Innovation Insight report which describes a first of its kind study exploring the relationship between subjective financial well-being and objective credit report characteristics and consumers’ engagement with financial information through educational tools.
September 16, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to remind banks of the new registration requirement for appraisal management companies (AMC) that became effective on August 10, 2019.
September 16, 2019 / Source: FHFA
The Federal Housing Finance Agency (FHFA) today announced a revised cap structure on the multifamily businesses of Fannie Mae and Freddie Mac (the Enterprises).
September 13, 2019 / Source: CFPB
In this issue of Supervisory Highlights, CFPB reports examination findings in the areas of automobile loan origination, credit card account management, debt collection, furnishing, and mortgage origination that were generally completed between December 2018 and March 2019 (unless otherwise stated).
September 13, 2019 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2019.
281 Arrested Worldwide in Coordinated International Enforcement Operation Targeting Hundreds of Individuals in Business Email Compromise Schemes
September 12, 2019 / Source: DOJ
Federal authorities announced today a significant coordinated effort to disrupt Business Email Compromise (BEC) schemes that are designed to intercept and hijack wire transfers from businesses and individuals, including many senior citizens.
September 12, 2019 / Source: NACHA
Nacha advises individuals that think they have been negatively impacted by MyPayRollHR.com to notify and file an unauthorized ACH transaction form with their bank or credit union.
September 11, 2019 / Source: FRB
The Federal Reserve Board on Wednesday announced its approval of the application under section 9 of the Federal Reserve Act by Vista Bank, Ralls, Texas, to establish a branch at 5840 West Northwest Highway, Dallas, Texas.
September 11, 2019 / Source: OCC
Comptroller of the Currency Joseph Otting today discussed community reinvestment and economic opportunity during remarks at the 2019 Illumination Reception hosted by the Oasis Center International, in Santa Ana, Calif.
September 10, 2019 / Source: CFPB
The Consumer Financial Protection Bureau (Bureau), working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), a network to enhance coordination among federal and state regulators to facilitate financial innovation.
September 10, 2019 / Source: CFPB
The Consumer Financial Protection Bureau (Bureau) today issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS) Policy.
Request for Comments on Interest Rate Restrictions Applicable to Institutions That Are Less Than Well Capitalized
September 10, 2019 / Source: FDIC
The FDIC has issued a Notice of Proposed Rulemaking (NPR) seeking comment on proposed revisions to its regulations on interest rate restrictions that apply to insured depository institutions that are less than well capitalized.
September 09, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) will host two workshops in Los Angeles at the Federal Reserve Bank of Los Angeles, October 22 and 23, for directors of national community banks and federal savings associations supervised by the OCC.
Consumer Financial Protection Bureau Files Suit against Certified Forensic Loan Auditors, Andrew Lehman, and Michael Carrigan, and Proposed Settlement with Carrigan
September 09, 2019 / Source: CFPB
The Consumer Financial Protection Bureau (Bureau) filed a complaint in federal court in the Central District of California against Certified Forensic Loan Auditors, LLC (CFLA), Andrew Lehman (Lehman), and Michael Carrigan (Carrigan).
Federal Reserve Board invites public comment on proposal to establish capital requirements for certain insurance companies supervised by the Board
September 06, 2019 / Source: FRB
he Federal Reserve Board on Friday invited public comment on a proposal to establish capital requirements for certain insurance companies supervised by the Board.
September 06, 2019 / Source: OCC
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, 2019 through August 31, 2019.
September 05, 2019 / Source: FDIC
For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier.