Bankers Compliance Group | The Banking Community's Foremost Resource For Legal Services | BCG
HOME   |   CONTACT   |   LOGIN   |   REGISTER
 
 
credit union work space mortgage loan credit information loan application
Today is: June 21, 2018  
 

BCG Monthly Newsletter Archive

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

BCG Monthly Newsletter Archive 2014

 

Newsletter Highlights

 

January 2014
  • Agencies Adopt Final Rule Exempting Certain HPMLs from Appraisal Requirements
  • Agencies Clarify Policy Regarding Exams in Light of Making QM versus Non-QM Loans
  • CFPB Raises HOEPA Fee-based Trigger; Adjusts CARD Act Penalty Fee Safe Harbor Developments in Fair Lending
  • CFPB Alleges Online Loan Servicer Engaged in UDAAP Violations
  • Lender Settles Indirect Auto Lending Discrimination Claims
  • CFPB Updates Mortgage Lending Readiness Guide
  • HUD Adopts QM Definition
  • FTC Settles with TWC in Risk-based Pricing Allegations
  • OCC Issues Standards for Independent Consultants in Enforcement Actions
  • Final Social Media Guidance Issued
  • FRB Issues Guidance on Managing Outsourcing Risk
  • OCC Report Emphasizes Risk Management; FDIC Focuses on Need for Interest Rate Risk Management
  • FinCEN and FRB Amend Definitions in BSA Regulations
  • FinCEN Once Again Extends Certain FBAR Filing Requirements
  • Regulatory Agencies Clarify Volcker Rule Coverage of Collateralized Debt Obligations Backed by Trust Preferred Securities
  • Agencies Extend Comment Period on Proposed Policy on Assessing Diversity Policies Extended
  • Asset Threshold used to Define CRA Small Banks Increased
  • FFIEC Updates Census Website
 
 

 

 

February 2014
  • Adjustment Made to HPML Escrow Account Small Creditor Asset-size Exemption Threshold
  • FHA Disparate Impact Theory Case Shines Spotlight Back on Fair Housing Issue
  • Due Process Limits on Punitive Damages Inapplicable to Credit Card Fees
  • Mortgage Lender Fined for Paying Kickbacks
  • CFPB Issues Revised Mortgage-related Booklets
  • American Express Affiliates Charged with UDAP Allegations for Add-on Products
  • CFPB Updates Mortgage Exam Procedures
  • FRB Updates Consumer Compliance Handbook
  • CFPB Publishes Mortgage Rules Resources for Consumers
  • Clarifications on Regulation B Appraisal Availability Rules
  • Homeownership Counseling Notice
  • Lapse of Flood Insurance Policy with Subsidized Premiums
  • Master Treasury Services Agreements
  • FinCEN Issues Rulings on Virtual Currency Mining and Investing
  • FinCEN Fines JPMorgan $461 Million for BSA Violations
  • New Parental Consent Method for COPPA Approved
  • Volcker Rule Developments
  • OCC Releases Heightened Expectations for Large Institutions
  • Prohibition Against Federal Assistance for Swap Entites Final Rule
  • MSRB Proposes to Impose Fiduciary Standard on Municipal Advisors
  • SEC Delays Effective Date of Municipal Advisor Registration Final Rule
  • Agencies Propose Liquidity Coverage Ratio for Large Banks
  • Interest Rate Swaps for Swap Execution Facilities Published
  • SEC Extends Security-based Swaps Exemption, Again
  • NCUA Adopts Derivatives Final Rule
  • NCUA Issues Supervisory Letter on Private Student Lending Expectations
  • NCUA Updates Share Insurance Estimator
  • NLRB Surrenders to Ruling on Organizing-rights Poster
  • Recent CRA and HMDA Developments
 
 

 

 

March 2014
  • FDIC Adopts Mortgage Rule Exam Procedures
  • CFPB Makes Strides in Credit Reporting
  • Consumers Can Sue for FCRA Violations Even Without Actual Harm
  • SCRA's Foreclosure Prohibition Also Prohibits Foreclosure Fees
  • Secured Consumer Debt in Bankruptcy Guidance Issued by OCC
  • Oral Disputes of Debt Under FDCPA are Permissible
  • Ninth Circuit Compels Arbitration in Student Loan Borrowers' Class Action Against Lender & Loan Servicer
  • FinCEN Releases Guidance on Marijuana-related Businesses
  • California Eases Law on Driver's License Requirements
  • FRB Seeks to Repeal and Revise Certain Regulations
  • Use of Advanced Approaches Framework Approved for Certain Banks
  • FRB Issues Rule Requiring Enhanced Prudential Standards
  • MSRB Proposes New Supervisory and Compliance Obligations on Municipal Advisors
  • FRB To Publish Reports on Bank Applications
  • Loss Payee Foreclosed From Collecting Insurance Proceeds
  • U.S. Treasury and IRS Issue Employer Responsibility Regulations Under Affordable Care Act
  • HMDA Revisions Underway
 
 

 

 

April 2014
  • President Signs Flood Insurance Reform Bill
  • Say Goodbye to FEMA's NFIP Guidelines
  • FEMA Issues June 2014 Plan to Implement Biggert-Waters
  • Agencies Propose Rule on Appraisal Management Companies
  • CFPB Adopts TILA/RESPA Integrated Mortgage Disclosure Guide
  • DBO Proposes Rule to Tighten Licensure of Operating Subsidiaries
  • CFPB Issues Consent Order for Self-Reported RESPA Violations
  • CFPB Provides Source Code Tool for Generating HUD-Approved Counseling Agencies List
  • IRS Issues Final and Temporary "Coordinating" FATCA Rules and Updates W-8 Forms
  • Court of Appeals Upholds FRB's Debit Interchange Fee Rules
  • Banks Alerted to Increase in ATM and Card System Cyber-Attacks
  • California Attorney General Issues Cybersecurity Guide
  • Foreign Exchange Dealers Given Narrow Exception for Verifying ID of Nonresident Aliens
  • U.S. Supreme Court Extends Whistleblower Protection To Private Employees
  • Regulators Release Final Stress Test Guidance
  • EEOC Provides Guidance Regarding Religious Garb and Grooming
  • OCC Makes Technical Updates to Rules, Including Address Change of Headquarters Office
 
 

 

 

May 2014
  • CFPB Proposes Certain Adjustments to ATR Rule
  • CFPB & OCC Issue Another UDAP Order Linked to Add-on Products
  • FEMA Starts Adopting HFIAA Amendments
  • Flood Insurance Update
  • U.S. Department of Education Proposes to Limit College Banking Services
  • Follow-up to April BCG Truth in Lending Seminar - Loan Estimate and Redisclosure
  • Mortgage Loan Servicing: Pre-foreclosure Review
  • Mortgage Loan Periodic Statement
  • CFPB Proposes Amendments to Remittance Transfer Rule
  • FDIC Reissues Technology Outsourcing Documents for Community Bankers
  • Insurance Coverage for Funds Transfers
  • FinCEN Rulings Give Guidance on Application of MSB and Money Transmitter Rules
  • FRB Announces Extended Compliance Period for CLOs under Volcker Rule
  • OCC Proposes Increase in Assessments
  • FDIC Finalizes Capital Requirements
  • SEC Proposes Recordkeeping and Reporting Requirements for SBSD and MSBSP
  • FRB Updates Loan Sampling Requirements
  • OCC Issues "Oil and Gas Production Lending" Booklet
  • Reminder: New Revisions to CUSO Regulations Require Action by June 2014
  • NCUA Issues FInal Stress Testing Rule for Credit Unions
  • OSHA Issues Interim Final Rule on Whistleblower Procedures Under CFPA
 
 

 

 

June 2014
  • Agencies Issue Guidance on Increased NFIP Maximum for Other Residential Buildings
  • CFPB Proposes Alternative Delivery Method for Annual Privacy Notices
  • U.S. Supreme Court to Consider TILA Right of Rescission
  • Supreme Court May Have Another Shot at Reviewing FHA Disparate Impact
  • Inadequate Disclosure of Affiliated Business Relationship Costs Realtor
  • CFPB Issues 2014 Fair Lending Report
  • VA Adopts QM Definition
  • Rounding Numbers in the New TILA-RESPA Integrated Mortgage Disclosures
  • FinCEN Advisory Cautions to be on the Lookout for Trade-based Money Laundering Schemes with Mexico
  • Operation Choke Point and Banking Third-party Payment Processors
  • Recently Updated FDIC Exam Manual Misstates Interest on Demand Deposits
  • Indorsement and Signature Guaranties
  • California Attorney General Issues Guidance For Online Tracking Disclosures
  • OCC Integrates National Bank and Federal Savings Association Rules
  • SEC Updates FAQs on Municipal Advisor Registration
  • NCUA Proposes Revisions to Field of Membership Associational Common Bond Provision
 
 

 

 

July 2014
  • No FCRA Violation When Requesting A Consumer Report to Verify Identity
  • FRB Updates Consumer Compliance Handbook
  • Loan Originator Compensation
  • Loan Portfolio Review: NFIP Maximum for Other Residential Buildings
  • California Lawmakers Pass Measure to Recognize Digital Currencies
  • Eighth Circuit Rules on Funds Transfer Liability Under Article 4A Commercially Reasonable Standard
  • FFIEC Initiates Pilot Program & Releases Webpage On Cybersecurity
  • Volcker Rule Guidance
  • FDIC, FRB and OCC Propose Changes to Annual Stress Test Rule
  • Joint Supplemental Guidance on Income Tax Allocation Agreements Finalized
  • Changes to SBA Loan Requirements
  • Reminder: New UCC-1 Financing Statement Form Effective July 1, 2014
  • U.S. Supreme Court To Consider Mortgage Loan Officer Overtime Exemption
  • Reminder: California Minimum Wage Increases on July 1, 2014
  • NCUA Proposes Amendments to its Appraisal Rule
  • NCUA Proposes Rule to Allow Credit Unions to Securitize Their Own Assets
  • NCUA Reminds Credit Unions of Verification of Accounts
 
 

 

 

August 2014
  • CFPB Issues Proposal to Amend Regulation C
  • CFPB Clarifies Applicability of ATR Rule to Successors-in-Interest
  • CFPB Issues Memorandum Regarding Equal Treatment for Same-sex Marriages
  • California Lawmakers Conform Mortgage Debt Forgiveness Law to Federal Law
  • CFPB Policy Guidance on Sham Mini-Correspondent Lender Relationships
  • FinCEN Proposes CDD Requirements
  • FDIC Provides Clarifying Guidance on TPPP Relationships
  • CFPB Issues Report on Study of Overdraft Services
  • Marijuana-related Business Legislative Update
  • IRS Codifies and Expands Truncation of Tax Identification Numbers
  • Reminder: Lower Threshold for Reporting Unclaimed Property Now In Effect
  • FDIC Proposes Revisions To Risk-based Deposit Insurance Assessment System
  • IRS Imposes Limits on Electronically Deposited Refunds
  • IRS Extends Compliance Date for Unbundle Estate and Trust Fees
  • CFTC Gives SD and MSP Another Break From Reporting Requirements
  • No Buck to Break: Money Market Mutual Funds to be Subject to Floating NAV, Redemption Fees
  • OCC Final Rule Increases Assessments
  • EEOC Issues Guidance on Pregnancy Discrimination
  • California Supreme Court Upholds Class Action Waivers in Employment Arbitration Agreements
  • Agencies Update List of Distressed and Underserved Geographies
  • Host State Loan-to-deposit Ratios Updated
 
 

 

 

September 2014
  • Agencies Provide Direction on Enforcing Unfair or Deceptive Acts and Practices
  • Revisions Made to HOEPA, Credit Card and QM Points and Fees Thresholds
  • Auto Lender Fined for Furnishing Inaccurate Credit Information
  • CFPB Issues Updated Guidance on Mortgage Servicing Transfers
  • Upcoming Changes to Credit Scores and Credit Reports
  • OCC Outlines Expectations for Debt Sales Practices
  • FHA Adopts Rule Eliminating Post-payment Interest Charges
  • Banking Agencies Seek Dismissal of Operation Choke Point Lawsuit
  • Opt-out Needed For Change in Terms on Non-credit Card Credit?
  • FRB Extends Remittance Transfer Rule Temporary Exemption; Makes Other Clarifying Changes
  • BSA/AML Compliance Starts at the Top
  • Visa Announces Update to its Zero Liability Policy
  • Fed Cap on Debit Card Swipe Fee Once Again Under Attack
  • OCC Issues Revised Merchant Processing Handbook
  • Red Flag Rules
  • Regulators Adopt New Liquidity Coverage Standards
  • OCC Issues "Heightened Standards" for Certain Banks and Thrifts, Possible "Best Practices" for All Institutions
  • Basel III vs. S-Corp Dividends: FDIC Clarifies Policy on Permissible Dividends
  • Clarification of Debtor Name Rules for Individuals on UCC Filings
  • Reimbursement May Be Required for Work-related Cell Phone Use
  • CRA Small Business, Small Farm and CD Data Released
 
 

 

 

October 2014
  • Reg Z Dollar Exemption Threshold Revised
  • DoD Proposes Expansion of Military Lending Limitations
  • FEMA Updates NFIP Flood Insurance Manual
  • CFPB Fines Bank for Alleged Mortgage Servicing Violations
  • Bank Assessed Penalties for Alleged UDAP Involving ID Theft Add-on Products
  • HUD Settles with U.S. Bank in Lending Discrimination Claims
  • Appraisal Notice for Denied Application
  • California Fair Lending Notice
  • Visa Revised Zero Liability Update
  • FinCEN Issues Advisory on Recognizing Human Trafficking Suspicious Financial Activity
  • Apple Unveils New Apple Pay Payment System, ABA Publishes Related FAQs
  • Hold Placed on Chapter 7 Debtors' Accounts Does Not Violate Automatic Stay
  • Rule Puts Nonbank International Money Transmitters on Same Level as Bank Remittance Transfer Providers
  • Banking Agencies Issue (Another) Proposal on Swap Margin Requirements
  • New Law Imposes Mandatory Paid Sick Leave
  • Bill Extends Employee Time Period for Seeking Liquidated Damages
  • Agencies Propose More Changes to CRA Q&As
  • FFIEC Releases 2013 HMDA Data
 
 

 

 

November 2014
  • CFPB Adopts Alternative Delivery Method For Annual Privacy Notices
  • QM Points and Fees Cure Adopted
  • CFPB Proposes Clarification to IMD Final Rule
  • FEMA Makes HFIAA-Mandated Changes to Deductibles and Premiums
  • Supreme Court Agrees To Hear FHA Disparate Impact Case
  • CFPB Proposes No-Action Letter Policy for Innovative Products
  • HELOCs and End of Draw Period
  • "Free Checking" Advertisement Costs Bank
  • FinCEN Rules Virtual Currency Converter is an MSB
  • Skin in the Game: Credit Risk Retention Rule Issued
  • OCC Updates Policy on How it Manages Problems Identified During Examinations
  • Decision Time: AOCI Filter Opt Out Under Basel III
  • ".bank" Domains to Become Available
  • Risk Weights Increasing to 150% for Some Construction Loans
  • Supreme Court to Review Case Over Regulatory Powers
  • Spanish Language Money Smart Tool for Older Adults
 
 

 

 

December 2014
  • CFPB Proposes More Amendments to Servicing Rules
  • Reminder: SCRA Time Period for Foreclosure or Sale Protections Reverts to 90 days on January 1, 2015
  • CFPB: Denial of Commercial Loan Modification May Be Adverse Action
  • Another Mortgage Lender Fined for Steering Customers
  • Mortgage Marketing Services Agreement Runs Afoul of RESPA Section 8
  • DoD Extends Comment Period on Military Lending Act Proposal
  • CFPB Brings First Action Against "Buy-Here, Pay-Here" Auto Dealer, Including $8 Million Fine
  • CFPB Updates Readiness Guide on Mortgage Rules
  • IMD Disclosures and Confusion Pertaining to Loan Purpose Box
  • FFIEC Updates BSA/AML Exam Manual
  • CFPB Proposes Rules for Prepaid Card Accounts
  • FinCEN Statement Addresses Concerns Regarding Banking MSBs
  • Due Diligence Notice; Service Fees for Escheat of IRAs
  • FDIC to State Banks: Documentation Required for Engaging in Activities Permissible for National Banks
  • Volcker Rule FAQs Updated
  • New Look and Enhancements Made to FFIEC Geocoding System
 
 

 

 

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