The OCC published a final rule amending its maximum amount of each civil money penalty within its jurisdiction pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The bulletin rescinds OCC Bulletin 2016-24 dated July 1, 2016.

https://www2.occ.gov/news-issuances/bulletins/2017/bulletin-2017-8.html

The NCUA’s released a new video Understanding Key Ratios examining four key ratios and how they directly affect a credit union’s bottom line. The five-part module is a follow-up to NCUA’s Understanding Financial Statements video module.

https://www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-videos-educate-understanding-key-ratios.aspx

The Electronic Payments Association released Same Day ACH transaction volume data for September 23-December 31, 2016. The data shows strong performance of the faster payment option in its first three months of operation.

https://www.nacha.org/news/same-day-ach-generated-more-13-million-transactions-totaling-nearly-17-billion

The OCC is issuing exam procedures to supplement the OCC Bulletin 2013-29 released on October 30, 2013 entitled, “Third Party Relationships: Risk Management Guidance.” The procedures are designed to help examiners tailor examinations based on risk and promote consistency in bank examinations.

https://www2.occ.gov/news-issuances/bulletins/2017/bulletin-2017-7.html

The CFPB issued a blog post to help consumers understand how a mortgage calculator works, provide tips on using a mortgage calculator and aid in understanding the monthly and upfront costs associated with buying a home.

https://www.consumerfinance.gov/about-us/blog/your-mortgage-calculator-may-be-setting-you-surprise/

The NCUA announced that five federally insured, low-income credit unions have been certified as community development financial institutions.

https://www.ncua.gov/newsroom/Pages/news-2017-jan-five-credit-unions-certified-community-development-financial-institutions.aspx

The Winter 2017 edition of FDIC Consumer News addresses common concerns the FDIC receives from consumers about financial services and products. The issue also provides an overview of EDIE , the online tool for ensuring deposits are FDIC insured. The newsletter can be accessed at the FDIC’s website.

https://www.fdic.gov/news/news/press/2017/pr17005.html

On October 21, 2016, the FATF updated its list of jurisdictions with strategic AML/CFT deficiencies. Financial institutions should consider these changes when updating its EDD obligations and risk-based procedures as they relate to Democratic People’s Republic of Korea, Iran, Afghanistan, Bosnia and Herzegovina, Iraq, Lao PDR, Syria, Uganda, Vanuatu, Yemen, and Guyana.

https://www.fincen.gov/resources/advisories/fincen-advisory-fin-2017-a001

The CFPB issued a blog post directed at consumers on helping reduce credit card debt. The CFPB created a worksheet to help consumers find areas where they could use their credit cards less often and help them pinpoint rules to live by when it comes to using your credit card.

https://www.consumerfinance.gov/about-us/blog/easy-remember-guidelines-help-people-reduce-credit-card-debt/

The CFPB issued a blog post directed at consumers on overdraft fees and understanding opt-in rules. The blog offers consumers six steps to reduce or eliminated overdraft fees.

https://www.consumerfinance.gov/about-us/blog/understanding-overdraft-opt-choice/