Alerts Now

Stay informed of all regulatory changes regardless of stage! Receive the latest Financial Services industry compliance news every week, including summaries of relevant announcements from more than 20 different regulatory bodies and overviews of personnel and products affected. Focusing on the changes that may impact your training and policy management programs our service covers the following agencies and more:

  • CFPB (Consumer Financial Protection Bureau)
  • FDIC (The Federal Deposit Insurance Corporation)
  • IRS (Internal Revenue Service)
  • OCC (The Office of the Comptroller of the Currency)
  • Federal Reserve, NCUA (The National Credit Union Administration)
  • FinCEN (Financial Crimes Enforcement Network)
  • HUD (The Department of Housing and Urban Development)

    • Alerts Now
    suitcase image

    North Korea Designations and Update; Non-proliferation Designations; Counter Narcotics Designations Removals and Update

    Issue Date:March 31, 2017
    Agency:OFAC
    Highlights:

    OFAC has updated the SDN List.
    Reference:

    https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170331.aspx

    Personnel Affected:OFAC Officer
    Status:SDN List
    Keywords:SDN List
    Effective Date:05/13/2024
    suitcase image

    National Financial Literacy Month Highlights the Importance of Education

    Issue Date:March 31, 2017
    Agency:NCUA
    Highlights:

    The NCUA is encouraging credit unions to help its members become educated on personal financial matters. The month of April is financial literacy month. Credit unions are encouraged to use the resources offered by the NCUA on its consumer website mycreditunion.gov.
    Reference:

    https://www.ncua.gov/newsroom/Pages/news-2017-march-national-financial-literacy-month-highlights-importance-education.aspx

    Personnel Affected:Community Officers at Credit Unions
    Status:Announcement
    Keywords:Financial Literacy
    Effective Date:04/13/2024
    suitcase image

    OCC Newsletter Focuses on Innovative Partnerships to Preserve Affordable Housing

    Issue Date:March 30, 2017
    Agency:OCC
    Highlights:

    The OCC published the latest edition of its Community Development Investments entitled “Preserving Affordable Housing: Innovative Partnerships.” The issue discusses how national banks and federal savings associations can help preserve the affordable housing market. The issue discusses examples of successful innovative partnerships and how some of these activities may be eligible for CRA consideration.
    Reference:

    https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-38.html

    Personnel Affected:CRA Officer and Community Development Officers
    Status:Publication
    Keywords:Affordable Housing
    Effective Date:05/13/2024
    suitcase image

    Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency

    Issue Date:March 30, 2017
    Agency:OCC
    Highlights:

    Fictitious email messages claiming to be from the OCC are being sent to consumers regarding funds the OCC is allegedly holding. Victims are told to provide bank account and other information in order to receive the fraudulent money. Consumers who have provided bank account information should contact their financial institution immediately to discuss ways to protect the account.
    Reference:

    https://www.occ.gov/news-issuances/alerts/2017/alert-2017-4.html

    Personnel Affected:Fraud Officers
    Status:Announcement
    Keywords:Fraudulent Letters
    Effective Date:05/13/2024
    suitcase image

    Prepared Remarks of CFPB Director Richard Cordray at Chamber of Commerce 11th Annual Capital Markets Summit

    Issue Date:March 30, 2017
    Agency:CFPB
    Highlights:

    CFPB Director Richard Cordray spoke at the Chamber of Commerce 11th Annual Capital Markets Summit on the CFPB’s oversight, rulemaking, regulatory implementation and role in the credit markets.
    Reference:

    https://www.consumerfinance.gov/about-us/newsroom/prepared-remarks-cfpb-director-richard-cordray-chamber-commerce-11th-annual-capital-markets-summit/

    Personnel Affected:Compliance Officer, Board and CEO
    Status:Speech
    Keywords:CFPB
    Effective Date:05/13/2024
    suitcase image

     Counter Terrorism Designations

    Issue Date:March 30, 2017
    Agency:OFAC
    Highlights:

    OFAC has updated the SDN List.
    Reference:

    https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170330.aspx

    Personnel Affected:OFAC Officer
    Status:SDN List
    Keywords:SDN List
    Effective Date:05/13/2024
    suitcase image

    Participate in the NACHA Strategic Planning Industry Survey

    Issue Date:March 30, 2017
    Agency:NACHA
    Highlights:

    NACHA invites industry stakeholders to participate in a survey to aid in NACHA’s strategic planning process. The survey will take between 15 and 20 minutes and responses will be confidential. The survey can be accessed on NACHA’s website and will remain open through April 14, 2017.
    Reference:

    https://www.nacha.org/news/participate-nacha-strategic-planning-industry-survey

    Personnel Affected:Operations Officer
    Status:Regulatory Trends
    Keywords:NACHA Strategic Planning
    Effective Date:04/14/2017
    suitcase image

    Consolidated assessment ratings

    Issue Date:March 30, 2017
    Agency:FATF
    Highlights:

    FATF released an up-to-date overview of the ratings for all countries assessed against the 2012 FATF Recommendations using the 2013 Assessment Methodology. The tables are available for download on FATF’s website.
    Reference:

    https://www.fatf-gafi.org/publications/mutualevaluations/documents/assessment-ratings.html

    Personnel Affected:BSA Officer
    Status:Report
    Keywords:FATF Evaluations
    Effective Date:05/13/2024
    suitcase image

    Comptroller Discusses Bank Services to Consumers, Businesses, and Communities

    Issue Date:March 29, 2017
    Agency:OCC
    Highlights:

    The Comptroller of the Currency, Thomas J. Curry, spoke before the National Community Reinvestment Coalition on the OCC’s work to promote a vibrant and diverse banking system that serves the needs of communities throughout the nation.
    Reference:

    https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-37.html

    Personnel Affected:CRA Officer and Community Development Officers
    Status:Speech
    Keywords:Community Reinvestment Coalition
    Effective Date:05/13/2024
    suitcase image

    Prepared Remarks of CFPB Director Richard Cordray at National Community Reinvestment Coalition Conference

    Issue Date:March 29, 2017
    Agency:CFPB
    Highlights:

    The CFPB Director Richard Cordray, spoke before the National Community Reinvestment Coalition on the CFPB’s oversight, consumer access to credit, and creating and the CFPB’s goals.
    Reference:

    https://www.consumerfinance.gov/about-us/newsroom/prepared-remarks-cfpb-director-richard-cordray-national-community-reinvestment-coalition-conference/

    Personnel Affected:CRA Officer and Community Development Officers
    Status:Speech
    Keywords:Community Reinvestment Coalition
    Effective Date:05/13/2024