Compliance Hotline

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BSA/AML compliance strategies in a COVID-19 environment

12/1/2020
The federal regulators have been proactive in providing the banking industry with up-to-date compliance guidance relating to the pandemic.

The race is on! Keeping up with the BSA

11/1/2020
The federal regulators have been proactive in providing the banking industry with up-to-date compliance guidance relating to the pandemic.

Changes to eligible retained income

10/1/2020
In response to the potential economic effects of the coronavirus, the OCC, FRB and FDIC published an interim final rule March 20 proposing to revise the definition of eligible retained income.

CFPB announces its spring agenda

9/1/2020
The CFPB recently published its Spring 2020 Agenda as part of the Trump administration’s Spring 2020 Unified Agenda of Federal Regulatory and Deregulatory Actions.

Foreclosure protection: Where are we now?

8/1/2020
Bankers should take note of the status of the expansive mortgagor protections passed by Congress, federal agencies and other government authorities.

What to consider when reopening branch lobbies

7/1/2020
Many states have begun taking their first steps toward reopening, at least partially, since the COVID-19 pandemic, and many of our members have been trying to figure out the steps for reopening their branch lobbies.

Farewell to Reg. D’s convenient transfer restrictions

6/1/2020
Effective April 24, the Federal Reserve Board did away with a longstanding and, in the opinion of some, outdated rule in Regulation D.

What banks need to know about Coronavirus relief checks

5/1/2020
The most important form of relief from the CARES Act is the disbursement of stimulus checks intended for the majority of Americans.

E-sign considerations in mortgage lending

4/1/2020
More and more banks are taking applications, delivering disclosures and closing loans all online and without ever seeing the borrowers.

How to successfully define your target market

3/1/2020
Watching the Super Bowl is as much about the game as it is about the commercials. If you stop and think about it, all the commercials are geared to a target audience.

Modernization is in the works for CRA

2/1/2020
Modernization is in the works for CRA Just like a classic 1977 Chrysler Sunbeam, all great models need an overhaul from time to time. The Community Reinvestment Act is no exception.

Review the contents of your board package

1/1/2020
When is the last time you reviewed the contents of your bank board's package? If you have not reviewed the information in more than 12 months, you may not be providing what you should.

Updates to Regulation CC

12/1/2019
The Consumer Financial Protection Bureau and Federal Reserve Board issued a final rule on inflation-based adjustments to the dollar amounts required by the Expedited Funds Availability Act (EFA Act), which is implemented by Regulation CC.

A review of the CFPB's latest Supervisory Highlights

11/1/2019
The CFPB recently released its Summer 2019 Supervisory Highlights, which includes key findings from exams conducted between December 2018 and March 2019.

Fair housing impacted again

10/1/2019
The Department of Housing and Urban Development (HUD) recently published a proposed rule to try to refine its disparate impact rule to be more in line with the philosophy of the current White House and the opinion of the U.S. Supreme Court.

The balancing act of fair lending & targeted marketing

9/1/2019
There is no question that technology is becoming more integral to our lives. Advancements have not only been made in the gadgets and their convenience but also in advertising, specifically advertising based on updated data collection methods.

Legislature passes changes to cannabis laws

8/1/2019
How to bank individual and business customers who derive revenue from activity related to the cultivation, production and sale of marijuana.

Private flood rule revised

7/1/2019
The long-awaited final private flood rule was jointly released Feb. 20 by the OCC, FRB, FDIC, FCA and NCUA, six long years after the first proposed rule. There are some key differences between the final private flood rule and the 2016 proposal.