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:
OCC Issues Draft Licensing Manual Supplement for Evaluating Charter Applications From Financial Technology Companies, Will Accept Comments Through April 14
Issue Date: | March 15, 2017 |
Agency: | OCC | Highlights: | The OCC provided a draft supplement to the agency’s existing Licensing Manual that provided additional details on evaluating charter applications from fintech companies. Comments should be submitted to [email protected] |
Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-31.html |
Personnel Affected: | FinTech institutions |
Status: | Comments |
Keywords: | Fintech |
Effective Date: | 04/14/2017 |
Request for Information Regarding Consumer Credit Card Market
Issue Date: | March 15, 2017 |
Agency: | CFPB | Highlights: | The CFPB is requesting comments on the CARD Act relating to the terms of credit card agreements, the effectiveness of the disclosures, the adequacy of protections against UDAAP and unlawful discriminations, the cost and availability of consumer credit cards, deferred interest products, subprime specialist products, third-party comparison sites, innovation, secured credit cards, online and mobile account servicing, rewards products, variable interest rates, and debt collection. |
Reference: | |
Personnel Affected: | Credit Card Issuers |
Status: | Comments |
Keywords: | Credit Cards |
Effective Date: | 03/28/2024 |
NACHA Introduces the Faster Payments Experience at PAYMENTS 2017
Issue Date: | March 14, 2017 |
Agency: | NACHA | Highlights: | The Electronic Payments Association will introduce the Faster Payments Experience, an educational opportunity focusing on real-time, same-day and other faster payments initiatives at PAYMENTS 2017. PAYMENTS 2017 will take place on April 23-26 in Austin, Texas. Registration is open and available online. |
Reference: | https://www.csbs.org/news/press-releases/pr2017/Pages/031317.aspx |
Personnel Affected: | Operations |
Status: | Announcement |
Keywords: | ACH |
Effective Date: | 03/28/2024 |
Counter Terrorism Designation
Issue Date: | March 14, 2017 |
Agency: | OFAC | Highlights: | OFAC added one name to the SDN List. |
Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170314.aspx |
Personnel Affected: | OFAC Officer |
Status: | SDN List |
Keywords: | SDN List |
Effective Date: | 03/28/2024 |
FDIC Enhances Tool to Prevent Elder Financial Exploitation
Issue Date: | March 13, 2017 |
Agency: | FDIC | Highlights: | The FDIC enhanced its Money Smart for Older Adults to provide new information and resources aimed at helping older adults avoid becoming the victims of fraud and scams. |
Reference: | |
Personnel Affected: | Fraud Officer |
Status: | Announcement |
Keywords: | Elder Financial Abuse |
Effective Date: | 03/28/2024 |
“A Market-Based Proposal for Regulatory Relief and Accountability” — Remarks by FDIC Vice Chairman Thomas M. Hoenig, Presented to the Institute of International Bankers Annual Washington Conference
Issue Date: | March 13, 2017 |
Agency: | FDIC | Highlights: | Thomas M. Hoenig, FDIC Vice Chairman, gave a speech at the Institute of International Bankers Annual Conference discussing a proposal for accountability and regulatory relief that would partition nontraditional bank activities into separately managed and capitalized affiliates. |
Reference: | |
Personnel Affected: | CEO and Board of Directors |
Status: | Regulatory Trends |
Keywords: | Regulatory Reforms |
Effective Date: | 03/28/2024 |
NCUA Issues 2016 Annual Report
Issue Date: | March 13, 2017 |
Agency: | NCUA | Highlights: | The NCUA issued its annual report highlighting the agency’s activities in 2016. |
Reference: | https://www.ncua.gov/newsroom/Pages/news-2017-march-ncua-issues-2016-annual-report.aspx |
Personnel Affected: | Credit Union Board |
Status: | Announcement |
Keywords: | NCUA Annual Report |
Effective Date: | 03/28/2024 |
Comptroller Discusses the Value of International Collaboration and Bank Supervision
Issue Date: | March 13, 2017 |
Agency: | OCC | Highlights: | The Comptroller of the Currency, Thomas J. Curry, spoke at the Institute of International Bankers Annual Washington Conference on the value of international collaboration for AML compliance. |
Reference: | https://www.occ.gov/news-issuances/speeches/2017/pub-speech-2017-30.pdf |
Personnel Affected: | BSA Officers |
Status: | Regulatory Trends |
Keywords: | AML |
Effective Date: | 03/28/2024 |
Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up (Universal Procedures)
Issue Date: | March 10, 2017 |
Agency: | FATF | Highlights: | The FATF published its universal procedures that outline the core elements for all evaluations based on Procedures for the FATF 4th Round of AML/CFT evaluations. |
Reference: | https://www.fatf-gafi.org/publications/fatfgeneral/documents/universal-procedures.html |
Personnel Affected: | BSA Officers |
Status: | Publication |
Keywords: | FATF Evaluations |
Effective Date: | 03/28/2024 |
Comptroller Discusses the Condition of the Federal Banking System
Issue Date: | March 10, 2017 |
Agency: | OCC | Highlights: | Thomas J. Curry, the Comptroller of the Currency, discussed the current condition of the federal banking system in a speech given at the Central Connecticut State University as part of their Distinguished Banking and Finance Lecture series. |
Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-29.html |
Personnel Affected: | CEO and Board |
Status: | Industry Trends |
Keywords: | Community Banking |
Effective Date: | 03/28/2024 |