Newsletter Archive
Recent Newsletters
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Consumer Financial Protection Bureau Bulleting on Bank’s Accountability for Service Providers; OCC Troubled Debt Restructurings (“TDR”S) Guidance April 6, 2012; Federal Reserve Bank’s Most Common Violations in 2011; CFPB Bulletin – Compensation of Loan Originators; Financial Crimes Enforcement Network (FINCEN) E-Filing Notice Published; Currency Transaction Report Aggregation for Businesses with Common Ownership March 16, 2012 FIN-2012-G001; FDIC Unfair and Deceptive Acts or Practices (UDAP) – Force Pay Overdraft Transactions (FDIC Regulated Banks Only); New Remittance Transfer Rules |
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Agencies Issue Guidance on Junior Lien Loan Loss Allowances; Regulation E Remittances Rules Published February 7, 2012; Federal Deposit Insurance Corporation ("FDIC") Guidance on Payment Processor Relationships; Interagency Advisory on Interest Rate Risk Management: Frequently Asked Questions January 12, 2012; Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) Adoption Deadlines Extended; Community Reinvestment Act (CRA) Annual Asset-Size Threshold Adjustment; Foreclosed Properties Guidance; Credit Concentrations Booklet Updated; Specially Designated Nationals (SDN) Search Tool; Treasury to End Bond Redemption Fees; Guidance on Foreign Money Services Businesses (MSBS) |
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1/2012 - New IRS Corporate Action Form 8937 and Instructions |
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1/2012 - Update on IRS Corporate Action Reporting Requirements |
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11/2011 - New Reporting Requirements for Corporate Actions Affecting Stock Basis |
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Bureau Posts Prototype Mortgage Closing Disclosure Form; Correction or Amendment of Bank Secrecy Act (BSA) Filing Forms; Chex Systems and Credit Score Disclosures; Agencies Release Guidance and Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance; Annual Mortgage Loan Originator (MLO) Registration Renewal Period Begins; Regulation Z Exemption Level for 2012; Community Reinvestment Act (CRA), Fair Housing Act (FHA), and Equal Credit Opportunity Act (ECOA) Posters for Former OTS Institutions; Fincen Updates CTR and SAR E-Filing; 45-Day Advance Notice Requirements for Open-End Variable Rate Loans with a Rate Floor; Important Reminders on Insider Asset Transactions |
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11/2011 - Three Percent Withholding Repeal and Job Creation Passed |
Compliance Updates
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08/2011 - Compliance Update Office of the Comptroller of the Currency (OCC) Issues Guidance to Banks Regarding Foreclosure Practices - June 30, 2011; Federal Reserve Cuts Debit Card Bank Fees; Federal Deposit Insurance Corporation (FDIC)'s Final Rule to End Interest Ban; Regulation E Automated Teller Machine (ATM) Fee Notice Reminder; Final Regulations B and V Credit Score Rules Announced |
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06/2011 - Compliance Update Interest on Demand Deposit Accounts Reminder; Currency (OCC) Proposes Guidance on Overdraft and Deposit Advance Services; Reporting of Appraiser Misconduct; Consumer Financial Protection Board Proposes Combined Mortgage Disclosures; Treasury Garnishment Regulation Frequently Asked Questions (FAQS); Changes to Adverse Action Notices Based on Proposed Changes to Regulation B; National Flood Insurance Program (NFIP) Flood Insurance Manual; Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) Registry Offering "How To" Series; S.A.F.E. Act Registry FAQS Added; Mortgage Underwriting Proposal; Regulation CC Changes; FDIC Overdraft Payment Program Supervisory Guidance FAQS; First Quarter Call Reports and Proposed Revisions; Guidelines for Garnishment of Accounts Containing Federal Benefit Payments | |
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04/2011 - Compliance Update Expanded Coverage of Truth-In-Lending Act; Regulation CC Changes Effective July 21, 2011; Federal Deposit Insurance Corporation (FDIC) Address Change; Reorganization of the Financial Crimes Enforcement Network (FINCEN)'s Bank Secrecy Act Regulations; Garnishment of Accounts with Federal Benefit Payments; Regulation Z Escrow Requirement Amendment; Advisory to Financial Institutions on Filing Suspicious Activity reports Regarding Elder Financial Exploitation FIN-2011-A003; Federal Financial Institutions Examination Council (FFIEC) Announces Call Report Revisions |
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02/2011 - Compliance Update Addendum 3 IRS Form W-9, Revised; S.A.F.E. Act Registry Open; The Dodd-Frank Wall Street Reform and Consumer Protection Act; HUD Revises Servicemembers Civil Relief Act Notice | |
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01/2011 - Compliance Update, Addendum 2 Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) Registration to Begin; FDIC Issues Rule Including Interest on Lawyers Trust Accounts (IOLTAS) in Temporary Unlimited Deposit Insurance Coverage for Non-Interest-Bearing Transaction Accounts; NMLS Federal Registry Training Workshops; Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts; FDIC Notice - IOLTA Coverage Affects Call Report; Reg Z Mortgage Disclosure Interim Rule 12/22/2010 |
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01/2011 - Compliance Update, Addendum Community Reinvestment Act Annual Asset-Size Threshold Adjustment Announced 12/29/2010, Effective 01/01/2011; NACHA Rules Simplification Approved 04/23/2010, Effective 01/01/2011; Community Reinvestment Act Revisions to Interagency Regulations Announced 12/29/2010, Effective 01/19/2011 |
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12/2010 – Compliance Update FDIC Issues Final Guidance on Automated Overdraft Payment Programs FIL-81-2010; New FDIC Rule Implementing Dodd-Frank-Section 343 Requires Banks to Notify Customers on Deposit Insurance Changes By December 31, 2010; FACT Act Alternatives to the Risk-Based Pricing Notice; Regulation Z Interim Rule - Changes to Disclosures for Loans Secured by Real Property or a Dwelling |
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08/2010 – Compliance Update Registration Requirements for Federal Mortgage Loan Originators; New Real Estate Settlement Procedures Act (RESPA) Roundup Web Page; Highlights of Regulation Z Final Rules on Loan Originator Compensation and Steering; Automated Clearing House (ACH) Risk Management and Assessment; ACH Direct Access Registration Rule; Pilot Study Results in Creation of Safe, Affordable, and Feasible Template for Small-Dollar Loans | |
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06/2010 – Compliance Update Regulation E Overdraft Rules; Regulation GG - Prohibition of Funding of Unlawful Internet Gambling; Regulation Z - Open-End Advertising, Disclosure, and Periodic Statement Rules; FACT Act Risk-Based Pricing Disclosures; Lapse of FEMA Authority to Issue Flood Insurance Policies; Bank Secrecy Act/Anti-Money Laundering Examination Manual Updated; Guidance on Deposit Placement and Collection Activities - FIL-29-2010 | |
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04/2010 – Compliance Update Regulation Z Changes; ACH Rules Change the Duration of Stop Payment Orders; RESPA FAQs Revised | |
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01/2010 – Compliance Update FACT Act Risk-Based Pricing Rules; RESPA Revision to GFE and Settlement Statement; Regulation CC Changes; Internet Gambling; Regulation Z Open-End Consumer Credit Changes; Model Privacy Form Final Rule; Federal Reserve Announces a Final Rule to Protect Consumers; SAFE Act |