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 Monthly Snapshot Spotlights Mortgage Complaints
| Issue Date: | February 8, 2017 |
| Agency: | CFPB | Highlights: | The CFPB released the monthly complaint report, which highlighted complaints about mortgage. The geographic spotlight for complaints is Tennessee. |
| Reference: | |
| Personnel Affected: | Compliance Officer |
| Status: | Report |
| Keywords: | Complaints |
| Effective Date: | 05/15/2024 |
Publication of Cyber-related Frequently Asked Questions
| Issue Date: | February 8, 2017 |
| Agency: | OFAC | Highlights: | OFAC is providing four FAQs related to the December 29, 2016 sanctions imposed on the Federal Security Service and the February 2, 2017 issuance of General License 1. |
| Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170208.aspx |
| Personnel Affected: | OFAC Officer |
| Status: | Publication |
| Keywords: | OFAC FAQ |
| Effective Date: | 05/15/2024 |
FDIC Releases Economic Scenarios for 2017 Stress Testing
| Issue Date: | February 6, 2017 |
| Agency: | FDIC | Highlights: | The FDIC released economic scenarios for financial institutions with total consolidated assets of more than $10 billion to use for required stress tests. |
| Reference: | |
| Personnel Affected: | FDIC institutions with total consolidated assets greater than $10billion |
| Status: | Announcement |
| Keywords: | Stress Tests |
| Effective Date: | 05/15/2024 |
Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency
| Issue Date: | February 6, 2017 |
| Agency: | OCC | Highlights: | OCC announced that consumers have reported fraudulent text messages and telephone calls supposedly from the OCC. The fraudulent messages stated that the OCC is holding $11,000 on their behalf as a refund for illegal fees charged by their financial institutions. The consumers is asked to confirm their bank routing and account number for the scammers. Consumers who have provided bank account information should contact their financial institutions immediately to report the issue and discuss options. |
| Reference: | https://www.occ.gov/news-issuances/alerts/2017/alert-2017-1.html |
| Personnel Affected: | Fraud Officers |
| Status: | Announcement |
| Keywords: | Phishing Scam |
| Effective Date: | 05/15/2024 |
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2017
| Issue Date: | February 3, 2017 |
| Agency: | OCC | Highlights: | The OCC released economic and financial market scenarios that will be used in upcoming stress tests for covered institutions with more than $10 billion in assets. The scenarios include baseline, adverse, and severely adverse scenarios. |
| Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-16.html |
| Personnel Affected: | Banks with more than $10 billion in assets |
| Status: | Announcement |
| Keywords: | Stress Tests |
| Effective Date: | 05/15/2024 |
Iran-related Designations; Non-proliferation Designations; Counter Terrorism Designations; Balkans Designation Update
| Issue Date: | February 3, 2017 |
| Agency: | OFAC | Highlights: | A number of individuals and entities have been added to the SDN List. |
| Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170203.aspx |
| Personnel Affected: | OFAC Officer |
| Status: | SDN List |
| Keywords: | SDN List |
| Effective Date: | 05/15/2024 |
FDIC Issues List of Banks Examined for CRA Compliance
| Issue Date: | February 3, 2017 |
| Agency: | FDIC | Highlights: | FDIC issued the list of banks that it recently examined for compliance with the CRA. The list and ratings can be found on the FDIC’s website. |
| Reference: | |
| Personnel Affected: | CRA Officers from FDIC regulated institutions |
| Status: | Announcement |
| Keywords: | CRA Evaluations |
| Effective Date: | 05/15/2024 |
January 2017 NCUA Board Meeting Video Available
| Issue Date: | February 2, 2017 |
| Agency: | NCUA | Highlights: | The video of the January 18, 2017 NCUA Board Meeting is available on the NCUA’s website. The Board approved one item at the meeting relating to alternative forms of capital for federally insured credit unions. The Board also received a briefing on inflation adjustments to CMP required by federal law. |
| Reference: | https://www.ncua.gov/newsroom/Pages/news-2017-feb-january-board-meeting-video-available.aspx |
| Personnel Affected: | Credit Union Board and CEO |
| Status: | Announcement |
| Keywords: | Board Meeting |
| Effective Date: | 05/15/2024 |
Amendment to Publication of Kingpin Act/Panama-related General License
| Issue Date: | February 2, 2017 |
| Agency: | OFAC | Highlights: | OFAC amended the Kingpin Act/Panama Related General License and two related FAQs. |
| Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170202_44.aspx |
| Personnel Affected: | OFAC Officer |
| Status: | Publication |
| Keywords: | Kingpin Act |
| Effective Date: | 05/15/2024 |
Publication of Cyber-related General License
| Issue Date: | February 2, 2017 |
| Agency: | OFAC | Highlights: | OFAC published the Cyber-related General License (GL) 1 “Authorizing Certain Transactions with the Federal Security Service” pursuant to Executive Order 13694 of April 1, 2015 “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities.” |
| Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170202_33.aspx |
| Personnel Affected: | OFAC Officer |
| Status: | Publication |
| Keywords: | Cyber-Related General License |
| Effective Date: | 05/15/2024 |