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.
Whitelist email@example.com to ensure that you receive your update email.
If you're still having difficulties receiving this Daily Email Campaign, please contact us at once through firstname.lastname@example.org.
Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule
November 12, 2019 / Source: FRB
The Federal Reserve Board on Friday invited public comment on a proposal to extend by 18 months the initial compliance dates for foreign banks subject to its single-counterparty credit limit rule.
Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Million
November 12, 2019 / Source: FDICOIG
A Delhi, Louisiana, farmer was sentenced today to 10 years in federal prison followed by three years of supervised release, for lying to more than seven financial institutions, insurance providers and government entities in an effort to obtain over $18 million illegally, announced United States Attorney David C. Joseph.
November 08, 2019 / Source: FinCEN
The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate.
November 08, 2019 / Source: FDIC
The FDIC, the Office of the Comptroller of the Currency (OCC), and the Board of Governors of the Federal Reserve System (FRB) will host an interagency webinar on November 21, 2019, from 2:00 p.m. to 3:30 p.m. Eastern Time to discuss the community bank leverage ratio (CBLR).
November 07, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency’s Deputy Comptroller for Operational Risk.
FDIC Announces Settlement with HomeStreet Bank in Seattle for Violations of the Real Estate Settlement Procedures Act
November 07, 2019 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today announced a settlement with HomeStreet Bank, Seattle, Washington, for violations of the Real Estate Settlement Procedures Act (RESPA). HomeStreet Bank stipulated to the issuance of an Order to Pay Civil Money Penalty ("Order") in the amount of $1,350,000.
November 06, 2019 / Source: FDIC
The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have issued the attached Federal Register notice requesting comment on proposed capital-related reporting changes and other reporting revisions.
Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook
November 06, 2019 / Source: NACHA
The inaugural version of the online educational and decisioning platform is designed to help banks and credit unions develop a faster payments strategy
November 05, 2019 / Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in August 2019.
Counterfeit Official Checks: Counterfeit Official Checks and Fictitious Cashier’s Checks of First Federal Savings Bank, Ottawa, Ill.
November 05, 2019 / Source: OCC
The above-named bank has reported that counterfeit official checks and fictitious cashier’s checks using the bank’s routing number of 271972912 are being presented for payment nationwide in connection with a variety of online auction overpayment and job opportunity scams.
November 04, 2019 / Source: FDIC
City National Bank of New Jersey (“City National”) in Newark was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Industrial Bank in Washington, D.C. to assume all of the deposits of City National.
News Release 2019-129: OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations
November 04, 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 October 1, 2019 through October 31, 2019.
OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
November 01, 2019 / Source: OCC
The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles.
November 01, 2019 / Source: FDICOIG
ContextMedia Health LLC, which operates under the trade name Outcome Health (Outcome), a digital provider of medical information and advertising in doctors’ offices, has agreed to a resolution with the Department of Justice by which it will pay $70 million to victims of a fraud scheme that targeted its clients, lenders and investors.