The OCC reconsiders going it alone on CRA

On July 20, 2021, the OCC announced it will propose to rescind the agency’s May 2020 final rule overhauling the CRA, signaling the OCC’s intention to collaborate with the Fed and the FDIC on a separate joint rulemaking.

The black and white of TRID timing

There are so many ways to violate TRID. Mastering the content requirements (knowing what to put where) is a difficult task for even the most seasoned compliance professional and is the source of numerous violations.

Mortgage borrowers amidst the pandemic 2021 and onward

Banks should be prepared for a larger regulatory emphasis on COVID-19 protections and fair lending practices.

Regulators release new flood insurance Q&As

The financial regulatory agencies (OCC, Fed, FDIC, FCA and NCUA) have recently proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance.

87th Legislative Session proving pundits wrong again

Conventional wisdom and the pundits predicted that the 87th Regular Session would be a low bill session. With more than 7,001 bills filed to date, the pundits have been proven wrong.

What banks need to know when providing financial services to hemp-related businesses

The production of industrial hemp is a fast-growing industry, especially since the passing of the 2018 Hemp Bill, which clarified from a federal perspective that the cultivation of hemp is legal and no longer restricted to pilot programs for research

What are the implications of the NDAA?

The NDAA includes more than 200 pages of significant reforms to the Bank Secrecy Act and other anti-money laundering laws putting forth the most comprehensive set of BSA/AML reforms since the USA PATRIOT Act of 2001.

AML/BSA reform is on the horizon

When Congress pushed through the National Defense Authorization Act for fiscal year 2021, the banking industry was hopeful for the potential elimination of excessive regulatory burdens under the Bank Secrecy Act.

2021: An odyssey away from LIBOR

More than three decades later, after determining that LIBOR was vulnerable to interest rate manipulation, it was announced that the benchmark rate would be discontinued beginning Dec. 31, 2021.

BSA/AML compliance strategies in a COVID-19 environment

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

Legislating in the age of COVID

Despite logistical concerns and operational challenges, 87th Legislature set to tackle budget, redistricting, criminal justice reform and other priorities

The race is on! Keeping up with the BSA

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

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.

E-sign considerations in mortgage lending

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

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

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

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

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

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

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

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.

The unlimited power of FASB

The Financial Accounting Standards Board, or FASB, is an obscure, low-profile organization without congressional oversight that has become a very real threat to the banking industry.

Legislature passes changes to cannabis laws

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