Bankers Compliance Group | The Banking Community's Foremost Resource For Legal Services | BCG
HOME   |   CONTACT   |   LOGIN   |   REGISTER
 
 
business lecture mortgage loan shaking hands bank sign credit union
Today is: August 16, 2018  
 

BCG Monthly Newsletter Archive

BCG members can view a Newsletter below by selecting the download button.
 

BCG Monthly Newsletter Archive 2012

 

Newsletter Highlights

 

January 2012
  • 2011 Witnesses Incredible BCG Seminar Attendance
  • Cordray Appointed as CFPB Chief
  • OCC Outlines OTS Integration Process
  • FRB Proposes Standards for BHCs Under Dodd-Frank
  • Comment Period for Volcker Rule Extended
  • CFPB Publishes Various Consumer Regulations
  • Reg Z Exam Procedures Revised
  • CFPB Issues Guidance on Supervisory Authority and Confidential Information
  • FinCEN Extends CTR and SAR E-filing Deadline
  • State Law Raises Threshold Value of Decedent’s Estate Exempt from Probate
  • IRS Implements FATCA Reporting of Foreign Financial Assets
  • Court Holds California UCL Does Not Create Private Right of Action for TISA Claims
  • Advisory Provides Guidance Regarding Account Takeover Activity
  • OCC Revises Credit Concentrations Booklet
  • SEC Revises “Accredited Investor” StandardsProcess
  • OCC Issues Guidance on Potential Issues Concerning Foreclosed Properties
  • DOJ Aggressively Pursuing California Marijuana Dispensaries and Their Landlords, Lenders
  • Agencies Increase Asset Threshold for CRA Small Bank Definition
  • Reminder: 2011 HMDA & CRA Data Due March 1, 2012
 
 

 

 

February 2012
  • Guidance Issued on Junior Lien Loan Loss Allowance
  • CFPB Interim Reg Z Rule Has Some Tweaks
  • Proof of Providing Rescission Notice Challenged
  • Mortgage Disclosure Reform: Continued Work in Progress
  • Supreme Court Continues to Uphold Arbitration Clauses in Consumer Contracts
  • Projected Timeframes for Mortgage Lending Rules
  • CFPB Finalizes Foreign Remittances Rule
  • FDIC Revises Payment Processor Guidance
  • ATM Surcharge Fee Disclosures Under Regulation E
  • Clarification on FinCEN’s Mandatory E- Filing Deadline
  • Final Rule Issued for Swap Dealer Registration
  • FAQs Issued on Interest Rate Risk Management
  • Large Bank Stress Testing Regulation Proposed
  • Final Rule Issued on Large Bank Resolution Plans
  • NCUA Proposes Troubled Debt Restructuring Rule
  • FFIEC Geocode MFI Data Now Available
  • Providing EITC Education and Income Tax Preparation Assistance
 
 

 

 

March 2012
  • Supreme Court Dismisses FHA Disparate Impact Case
  • CFPB Mortgage Loan Related Action
  • Measure Would Preserve Privilege for Information Shared with CFPB
  • CFPB Proposes Rule to Define Larger Participants in Consumer Debt Collections Market
  • Erratum in January Webinar Outline on Open-end Changes in Terms
  • FinCEN Mulling Identifying Beneficial Ownership as Part of Customer Due Diligence
  • BSA E-Filing Update
  • FinCEN Releases Test Site for New CTR and SAR Forms
  • FinCEN Extends FBAR Filing Deadline Again
  • Banks Alerted to Potential Obligations In Dealings with Foreign-Located MSBs
  • CFPB Looking Into Overdraft Protection Practices
  • Non-bank Mortgage Lenders and Originators Now Subject to AML and SAR Rules
  • Background Screening Reports May Violate Fair Credit Reporting Act
  • DOL Proposes Changes to FMLA Eligibility for Military Caregivers
  • Agencies Extend Lag Period for Hurricanes Katrina and Rita CD Activities
  • HMDA Exemption Threshold Increased
  • April is California Financial Literacy Month
 
 

 

 

April 2012
  • FDIC Issues Proposal on Receivership Contracts Enforcement
  • FEMA Private Insurance Memo Offers Little Comfort
  • FDIC Extends Review of Stress Test Proposal
  • LA City Council Approves Responsible Banking Ordinance
  • CFPB Proposes Rule on Preserving Privilege of Shared Information
  • CFPB Exam Manual Updated to Include SAFE Act Exam Procedures
  • CFPB Bulletin Gives Guidance on MLO Compensation Involving Profit Sharing Plans
  • BSA E-Filing Update
  • FinCEN Releases Test Site for New CTR and SAR Forms
  • FinCEN Extends FBAR Filing Deadline Again
  • Banks Alerted to Potential Obligations In Dealings with Foreign-Located MSBs
  • CFPB Looking Into Overdraft Protection Practices
  • Non-bank Mortgage Lenders and Originators Now Subject to AML and SAR Rules
  • CTR Guidance on Aggregating Multiple Transactions
  • DFI Advises Banks to Adopt Social Media Plans
  • DFI Contemplating Emergency Contact System
  • Electronic MSB Registration Form Now Available
  • Small Business Measure Includes Provision to Raise Shareholder Registration Threshold
  • Copying and Removing Confidential Bank Information Breaches Fiduciary Duty
  • Guidance Issued on Upgrading Community Bank Supervisory Ratings
  • DFI Commissioner Haraf Resigns; Teveia Barnes Appointed Commissioner
  • Leveraged Finance Guidance Revisions Proposed
  • NCUA Reminds Credit Unions to Prepare For Expiration of Corporate Share Guarantee Program
 
 

 

 

May 2012
  • Caution: “Investigative Reports” Can Be “Consumer Reports”
  • CFPB Issues Statement on Fair Lending and Disparate Impact Doctrine
  • FDIC On-board with CFPB MLO Compensation Guidance
  • Interagency SAFE Act Exam Procedures Issued
  • Guidance Issued on SAFE Act MLO Transitional Licensing
  • Banks Permitted to Rent OREO Property
  • Mortgage Servicing Rules Under CFPB Consideration
  • Revisions to Reg Z Credit Card Upfront Fees Rule Proposed
  • Disclosing Seller-Paid Fees
  • BSA E-Filing System Now Accepts New CTR and SAR Forms
  • CFPB Bulletin Outlines Expectations for Managing Service Providers
  • Final Rule Issued on Reporting Interest Paid to Nonresident Aliens
  • Changes Made to Reg D Reserve Requirements
  • SEC Seeks Informal Comments on JOBS Act Rules
  • Conformance Period for Volcker Rule Clarified
  • OCC Guidance on Accounting and Reporting Requirements for Troubled Debt Restructuring
  • NCUA Clarifies Appraisal Requirements for Loan Participations
  • NCUA Offers Webinar on CU Online Upgrade
  • California Supreme Court Defines Employer’s Duty with Respect to Meal Breaks
  • FDIC Launches Money Smart for Small Business
 
 

 

 

June 2012
  • OCC Integration Process of Thrift Guidance Continues
  • CFPB Proposes Procedures for Supervising Nonbanks Posing Risks to Consumers
  • President Signs 60-day Extension of NFIP
  • U.S. Supreme Court Clarifies RESPA Prohibition on Fee Splitting
  • CFPB Considers MLO Compensation and Qualification Requirements
  • Court Rules Debt Collection Demand Letter Encouraging Debtor to “Act Now” Conforms with FDCPA
  • Loan Servicers Classified as Debt Collectors under FDCPA
  • Alleged ADA Violations Give Rise to ATM Lawsuits
  • FinCEN Extends Comment Period on Customer Due Diligence
  • CFPB Probes for Comments on Prepaid Cards
  • Bank Holding Company Issuance of Official Checks Does Not Rise to MSB Level
  • DFI Provides Final Tips on Developing a Social Media Policy
  • California Court of Appeal Rules Bank Libel Law Unconstitutional
  • Agencies Clarify Community Banks Not Required to Undergo Stress Testing
  • Federal Credit Unions Required to Revise Equal Housing Lender Notice
  • NCUA Issues Interest Rate Risk Policy and Program Requirements
  • NCUA Supervision Manual Promotes Consistent Exam Standards
  • FRB Issues Guidance on CRA Exams and 2010 Census
  • LA City Council Unanimously Passes Responsible Banking Ordinance
 
 

 

 

July 2012
  • CFPB Issues Rules on Investigative Procedures
  • CFPB Adopts Final Rule Regarding Privileged Information
  • Banks Warned of Certain Loan Servicing Practices Involving Military Homeowners with Permanent Change of Station Orders
  • Ability to Repay Final Rule Delayed
  • California Supreme Court Upholds Preemption of Convenience Check Disclosure Law
  • Oakland Ordinance Requires Lenders to Maintain NOD Properties
  • FFIEC Updates FCRA Exam Procedures
  • FRB Updates Consumer Compliance Handbook
  • Flood Insurance Reform Enacted
  • Mandated Enrollment in ELT Program for Vehicle Loan Lenders
  • California Legislators Pass Homeowner Bill of Rights
  • End of Paper SAR, CTR and Other Forms Filed with FinCEN
  • FinCEN Revises its Definition of “Payroll Customer” Under CTR Exemption Rule; Issues New Guidance
  • CFPB Launches Inquiry into Elder Financial Abuse
  • IRS Issues New Interim Procedures for ITIN Applications
  • OCC Revises Lending Limit Rules
  • Federal Bank Regulators Jointly Issue Final Rule on Market Risk; Propose Regulatory Capital Rules
  • New SEC Final Rule Extends the Ban on Third-Party Solicitation under the Pay to Play Rule
  • Include AML and SAR Provisions in Mortgage Broker Agreements
  • FRB Issues FAQs on Managing OREO
  • List of Distressed and Underserved Geographies Updated
  • FFIEC Adds Demographic Data to Geocoding System
  • Updated Host State Loan-to-Deposit Ratios Released
 
 

 

 

August 2012
  • OCC Revises Regulations to Replace Credit Ratings with Alternatives
  • FED Issues Guidance and Examination Procedures for Abandoned Foreclosures
  • FHA Disparate Impact Case Reprises for Supreme Court Review
  • CFPB Issues Bulletin on Marketing of Credit Card Add-on Products
  • Early Foreclosures May Trigger FDCPA Violations
  • FCC Revises Telemarketing Robocall Rules
  • Flood Insurance Reform
  • Question from Truth in Lending (Openend Credit) Seminar in July
  • FDIC Guidance Cautions Passing Deposit Insurance Assessment Fees to Customers
  • FFIEC Issues Statement on Risks Associated with Outsourced Cloud Computing
  • DFI Monthly Bulletin Highlights “Bring Your Own Device” Concerns
  • FDIC Issues Final Rule on Investments in Corporate Debt Securities by Savings Associations
  • SEC Approves Final Rule Defining and Interpreting Key Terms for Derivatives
  • Small Financial Institutions Exempt from Swaps Clearing Requirement
  • SEC Issues Final Rule Specifying Process for Submission of Security-based Swaps
  • SEC Issues Guidance re Smaller Financial Institutions’ Accounting Policy Disclosures
  • Proposed Rules on Basel III Capital Standards
  • SEC Extends Interim Final Rule on Retail Forex Transactions
  • NCUA Amends Troubled Debt Restructuring Rule
  • NCUA Issues Proposed Rule to Modify Definition of “Troubled Condition”
  • Proposed Rule Requires Credit Unions to Plan for Emergency Liquidity Needs
 
 

 

 

September 2012
  • OCC Thrift Guidance Integration Process Continues
  • CFPB Blizzard of Proposed Rules
  • CFPB Adopts Safe Harbor for Exempting Small Remittance Providers from Remittance Transfer Rule
  • FinCEN Issues Advisory on Mortgage Loan Fraud
  • State Controller Reminds Holders to Include CUSIP Number When Reporting Securities
  • Comment Period on Regulatory Capital NPRs Extended
  • OCC Issues New Assets Management Booklet
  • FRB Issues Risk-management Standards for Financial Market Utilities
  • NCUA Provides Guidance on Multi- featured Open-end Lending
  • NCUA Considers Video-Teller Machines a “Service Facility”
  • NCUA Continues 18 Percent Interest Rate Ceiling
  • FAQs Issued on IRR Management Policy & Program
  • NCUA Initiative Could Increase Credit Union Low-income Designation and Expand Small Business Lending
  • 2011 Small Business, Small Farm and CD CRA Data Made Available
 
 

 

 

October 2012
  • Compliance Professional of the Year - Janet M. Bonnefin, Esq.
  • Military Veterans Mortgage Foreclosure Protections Extended Under New Law
  • FDIC Revises Its Regulatory Violation Classification System
  • OCC Issues Guidance on Risk Management of Investor-Owned, One- to Four-Family Properties
  • Discover Bank Charged with Unfair and Deceptive Marketing Practices
  • CFPB to Launch Testing Program for Short-form Credit Card Agreements
  • Compliance with FEMA Standard Flood Hazard Determination Form
  • California Law Clarifies Levy Service Procedures
  • FinCEN Provides Guidance on CTR Exemption for Non-Listed Businesses
  • FDIC Issues New Resources to Understand Deposit Insurance Coverage
  • OCC Bulletin Recaps Natural Disaster Supervisory Guidance
  • FinCEN Clarifies Participation in Voluntary Information Sharing Program
  • Gov. Brown Signs Bill to Resolve Regulatory Gap in Funds Transfers
  • Federal Savings Associations Directed to Comply with FDIC Investment Standards Rule
  • Agencies Release Tool to Help Estimate Effects of NPRs on Capital Standards
  • Financial Stability Board Requires Business ID Implementation by March 2013
  • NCUA Amends Definition of "Fleet" in Member Business Vehicle Loans
  • FDIC Issues Advisory on Managing Risk in Loan Participation Purchases
  • NCUA Board Proposes Regulatory Relief Measures
  • Bank Settles Overtime Pay Lawsuit
  • 2011 HMDA Data Released
  • FDIC Releases Results of Unbanked and Underbanked Survey
 
 

 

 

November 2012
  • FRB, FDIC, and OCC Issue Final Rules for Company-run Stress Testing
  • CFPB Issues Proposal on Credit Cards for Stay-At-Home Spouses And Partners
  • Unearned Discount Points and Compliance Implications
  • CFPB Orders American Express to Refund Customers Harmed by Illegal Credit Card Practices
  • Reasonableness of Bank Investigation Under Review in FCRA Lawsuit
  • Erratum
  • Equifax and Its Customers Required to Pay $1.6 Million for Alleged Wrongful Sale and Use of Prescreened Lists
  • CFPB Releases Small Entity Compliance Guide for Remittance Transfer Rule
  • TCPA Customer Consent Required for Rewards Program Courtesy Calls
  • FinCEN Reports an Increase in SARs Relating to Foreclosure Rescue Scams
  • Consumer Reporting Agencies to Issue Revised FCRA Notices
  • FDIC Issues Final Contract Enforcement Rule
  • NCUA Extends Comment Period for Proposed "Small Credit Union" Asset Threshold
 
 

 

 

December 2012
  • CFPB Final Rule Delays Some But Not All Title XIV Mortgage Reforms
  • Reg Z Dollar Threshold Exemption Increased
  • HOEPA Points & Fees Threshold Increased
  • FFIEC Adopts Revised Interagency Examination Procedures for Reg Z
  • Residential Mortgage Survey Expected Soon
  • Credit Card Advertising Case Comes Down in Bank’s Favor
  • FHFA and CFPB Partner to Develop National Mortgage Database
  • CFPB Updates Supervisory Appeals Process
  • Unlimited Deposit Insurance Coverage for Noninterest-bearing Transaction Accounts Ceases December 31, 2012
  • CFPB to Extend Effective Date of Reg E Remittance Transfer Rule
  • DFI Developing Electronic Form for Designating Legal Process Central Location
  • Expanded Tracking of Deposit Interest When Paid to Nonresident Aliens Begins January 1, 2013
  • FFIEC Updates Supervision of Technology Service Providers Booklet
  • Inclusion of Derivative Exposure in Lending Limit Calculations – Latest Developments
  • Agencies Delay Compliance with Basel III
  • FRB Launches 2013 Capital Planning and Stress Testing Program
  • OCC Issues Guidance on Risk Management of Investor-owned, One- to Four- Family Properties
  • OCC Extends Temporary Exception for Inclusion of Derivatives in Lending Limits
  • Cities Adopt Foreclosure Registration Programs
  • California Appellate Case Rules On The “Sold-Out Junior” Exception To California’s Anti-Deficiency Laws
  • NCUA Releases National Supervision Policy Manual to the Public
  • Website for Obtaining Data on Public Schools with Free/Reduced Meal Programs
 
 

 

 

 
 
 
 
| Home | Contact | Sitemap |
Copyright © 2018 Aldrich & Bonnefin, PLC - All Rights Reserved