Newsletter Archive 2023 | Bankers Compliance Group


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BCG Monthly Newsletter Archive

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BCG Monthly Newsletter Archive

2024

Newsletter Highlights

January 2024

Coming Soon – CFPB Proposals Would Characterize Certain Overdraft Fees as Finance Charges; Certain NSF Fees as UDAAP
CFPB Adjusts Threshold for Regulation Z Escrow Account Exemptions for HPML Loans
FTC Finalizes CARS Rule
FDIC’s Final Rule on Official Signs, Advertising Requirements, and False Advertising
FinCEN Issues Final Rule Regarding Access to Beneficial Ownership Information
CFPB Hits Bank With $6.2 Million Action for Faulty Overdraft Practices
Financial Stability Board Releases Third Party Risk Management Toolkit
Financial Stability Oversight Council Identifies Artificial Intelligence as Emerging Threat to Financial System
FTC Bans Rite Aid from Using Facial Recognition Technology
Computation of Interest for a Local Agency’s Public Deposits
FDIC Issues Advisory on Managing Concentration Risks in Commercial Real Estate
President Biden Vetoes Joint Resolution to Overturn the CFPB’s Small Business Lending Data Collection Rule
U.S. Supreme Court to Weigh in on Syndications as Securities
Bankruptcy Court Rules that Certain Digital Assets Securing a Loan are Property of the Bankruptcy Estate
Banking Agencies Issue Interagency Statement Extending Relief from Regulation O for Investment Funds
FRB Vice Chairman Barr Emphasizes Urgent Need for Liquidity Rules Post Bank Failures
FDIC Releases Cybersecurity Information Videos for Directors and Officers
CFPB Increases HMDA Exemption Asset-size Threshold
Agencies Adjust CRA Asset Thresholds for Small and Intermediate Small Banks and Savings Associationss
FFIEC Releases 2022 CRA Data
NCUA Issues Technical Correction for the CECL Transition Amount

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February 2024

FTC Pauses CARS Rule Effective Date
FRB Top Consumer Violations
FRB Extends Comment Period for Interchange Fee Proposal
CFPB Publishes Overdraft, NSF Fee Proposed Rules
California Privacy Protection Agency Launches Privacy Information Website
Discontinuation of the BSBY Index
Senate Fails to Override President Biden’s Veto of Joint Resolution to Overturn the CFPB’s Small Business Lending Data Collection Rule
NCUA Supervisory Focus on Fair Lending in 2024
OCC Proposal to Remove Automatic Approval Provisions in Merger Rule Shake-up
HMDA and CRA Deadlines March 1
Agencies Publish Final CRA Rule, Promptly Sued by U.S. Chamber of Commerce, Industry Groups

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March 2024

Recent Developments: The Telephone Consumer Protection Act
CFPB Updates Its Internal Supervisory Appeals Process
FEMA Proposes Updates to the Current Standard Flood Insurance Policy
FFIEC Issues Examination Principles on Appraisal Bias
Corporate Transparency Act Ruled Unconstitutional
OCC Fines City National Bank for Alleged Risk Management Shortcomings
California Attorney General Issues Letter Warning of Overdraft Fee UDAP Risk
FTC Warns that Changing Online Privacy Policies without Notifying Consumers Could be an Unfair or Deceptive Practice
California Attorney General Reaches Second CCPA Settlement with DoorDash
U.S. Supreme Court Declines to Review Second Circuit Case Ruling that Syndicated Loans are Not Securities
Regulators Release 2023 SNC Program Review Results
NCUA Announces Overdraft Reporting Proposal for $1 Billion+ Credit Unions
U.S. Chamber of Commerce Sues to Prevent California’s Climate Disclosure Laws from Going into Effect
Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden
OCC Issues Proposed Rule to Amend Bank Merger Regulations

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* Janet Bonnefin is retired from the practice of law with the firm.