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BCG Monthly Newsletter
Bankers’ Compliance Group® is pleased to provide its members with a monthly online Newsletter that keeps members informed on current topics related to Dodd-Frank Regulatory Reform, Consumer Finance, Operations, Commercial Lending, etc. BCG members can view the current Newsletter by selecting the download button below.
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California Legislature Enacts Two New Disaster-Related Mortgage Forbearance Laws
In September, Governor Newson signed two bills into law, Assembly Bills 1842 and 1847 (AB 1842 and AB 1847, respectively), each of which provides residential mortgage forbearance measures in the event of a wildfire or other natural disaster impacts a borrower’s property.
FDIC Issues Interim Final Rule on Reciprocal Deposits
On May 24, 2018, the “Economic Growth, Regulatory Relief, and Consumer Protection Act” (“2018 Regulatory Relief Act”) (Public Law 115-174) was signed into law. Section 202 of the 2018 Regulatory Relief Act amended Section 29 of the FDI Act, which added an exception for a certain amount of “reciprocal deposits” from treatment as brokered deposits (the “Reciprocal Deposit Exception”).
New Final Rule Streamlines NCUA Regs Governing Purchase, Sale, and Pledge of Eligible Obligations
Recently, the NCUA announced the publication of a new final rule that effectively narrows and streamlines its regulation at Section 701.23, which governs a federal credit union’s (FCU) purchase, sale, or pledging of eligible obligations. 91 FR 50680. The final rule became effective September 8, 2026.
Agencies Issue Interim Final Rule Expanding Examination Cycle Eligibility for Qualifying Smaller Institutions
On September 14, 2026, the OCC, FRB, and FDIC (collectively, the “Agencies”) issued a joint interim final rule (IFR) that significantly expands eligibility for extended examination cycles for certain smaller insured depository institutions (IDIs). 91 FR 58009.
Table of Contents
CONSUMER FINANCE
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California Legislature Enacts Two New Disaster-Related Mortgage Forbearance Laws
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IRS Issues Final Regulation on Automobile Loan Interest Deduction
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CFPB Releases Updated Home Loan Toolkit
BANKING OPERATIONS & FINTECH
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FDIC Issues Interim Final Rule on Reciprocal Deposits
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Agencies Issue Joint Statement on SAR Confidentiality Requirements
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California Senate Bill 690 Becomes Law, Providing Some Relief for CIPA Litigation
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Banking Agencies Issue New Proposed Third-Party Risk Management Guidance
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Conference of State Bank Supervisors Release AI Supervisory Framework
CREDIT UNIONS
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New Final Rule Streamlines NCUA Regs Governing Purchase, Sale, and Pledge of Eligible Obligations
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NCUA Rescinds Interpretive Ruling on Field of Membership
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NCUA Rescinds Rule Related to Loans to Other Credit Unions
CORPORATE GOVERNANCE AND MANAGEMENT
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