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:
NCUA Webinar to Cover SBA Loan Programs
Issue Date: | January 19, 2017 |
Agency: | NCUA | Highlights: | The NCUA will host a 90 minute webinar for credit unions interested in SBA loan programs. The webinar will also provide an update on the NCUA’s member-business lending rule. Registration for the free event is available on the NCUA’s website. |
Reference: | https://www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-webinar-cover-sba-loan-programs.aspx |
Personnel Affected: | SBA Lending |
Status: | Training |
Keywords: | SBA |
Effective Date: | 02/15/2017 |
NCUA Seeks Comments on Alternative Capital
Issue Date: | January 19, 2017 |
Agency: | NCUA | Highlights: | The NCUA approved one item at its first open meeting of 2017 regarding an advanced notice of proposed rulemaking to solicit comments on alternative forms of capital federally insured credit unions might use to meet capital standards required by statute and regulations. |
Reference: | https://www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-seeks-comments-alternative-capital.aspx |
Personnel Affected: | CEO, Board and CFO |
Status: | Comments |
Keywords: | Alternative forms of capital |
Effective Date: | 04/19/2017 |
Community Reinvestment Act Regulations: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds
Issue Date: | January 19, 2017 |
Agency: | OCC | Highlights: | The revisions adjust the asset-sized threshold used to determine small banks and intermediate small banks. Beginning January 18, 2017, a small bank or savings association is an institution that had assets less than $1.226 billion as of December 31 for both of the prior two calendar years. An intermediate small bank or savings association is one with assets between $307 million and less than $1.226 billion as of December 31 for both of the prior two calendar years. |
Reference: | https://www2.occ.gov/news-issuances/bulletins/2017/bulletin-2017-6.html |
Personnel Affected: | CRA Officers |
Status: | Announcement |
Keywords: | CRA |
Effective Date: | 01/18/2017 |
Conversions to Federal Charter: Revised Comptroller’s Licensing Manual Booklet
Issue Date: | January 19, 2017 |
Agency: | OCC | Highlights: | The OCC revised the “Conversions to Federal Charter” booklet of the Comptroller’s Licensing Manual. The booklet provides an overview of policies and decision criteria that the OCC considers when reviewing applications from financial institutions seeking to convert national banks or federal savings associations. |
Reference: | https://www2.occ.gov/news-issuances/bulletins/2017/bulletin-2017-5.html |
Personnel Affected: | Financial Institutions converting to national banks or federal savings associations |
Status: | Publication |
Keywords: | Becoming a national bank |
Effective Date: | 03/29/2024 |
NACHA Government Relations Update – Jan. 19, 2017
Issue Date: | January 18, 2017 |
Agency: | NACHA | Highlights: | NACHA released its government relations update discussing the Presidential Inaugural Schedule, Congressional FinTech and Payments Caucus, and Committee Leadership Team. |
Reference: | https://www.nacha.org/NACHA-Government-Relations-Update-Jan-19-2017 |
Personnel Affected: | Compliance Officer/ Operations Officer |
Status: | Announcement |
Keywords: | ACH |
Effective Date: | 03/29/2024 |
NCUA to Host Consumer Compliance Webinar
Issue Date: | January 18, 2017 |
Agency: | NCUA | Highlights: | The NCUA will host a 90 minute webinar on the new reporting requirements under HMDA and recent rule changes for prepaid accounts. Registration is available on the NCUA’s website and questions can be submitted prior to the event at [email protected] with the subject line “HMDA, Prepaid Accounts Webinar” |
Reference: | https://www.ncua.gov/newsroom/Pages/news-jan-2017-ncua-host-consumer-compliance-webinar.aspx |
Personnel Affected: | Compliance Officers |
Status: | Training |
Keywords: | HMDA and Prepaid New Rules |
Effective Date: | 02/28/2017 |
OCC Begins Roll-Out of Web-Based System for Licensing and Public Welfare Investment Filings
Issue Date: | January 17, 2017 |
Agency: | OCC | Highlights: | The OCC launched its Central Application Tracking System (CATS) that allows banks to file licensing and public welfare investment applications and notices. CATS will be rolled out in three phases, with today’s rollout marking the beginning of the first phase. The second and third phase are scheduled for spring 2017. |
Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-11.html |
Personnel Affected: | CEO, Boardmembers and CFO |
Status: | Announcement |
Keywords: | CATS |
Effective Date: | 03/29/2024 |
OCC Allows National Banks and Federal Savings Associations in the District of Columbia to Close for the Presidential Inauguration
Issue Date: | January 17, 2017 |
Agency: | OCC | Highlights: | The OCC announced that it would allow national banks and federal savings associations located in the District of Columbia to close for the Presidential Inauguration at their discretion. |
Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-10.html |
Personnel Affected: | OCC regulated institutions |
Status: | Announcement |
Keywords: | Closing |
Effective Date: | 03/29/2024 |
CDFI Certification Provides Pathways to Better Serving Members, Communities
Issue Date: | January 17, 2017 |
Agency: | NCUA | Highlights: | The January edition of The NCUA Report newsletter is now available. It contained an article on the new streamlined application process for qualifying low-income credit unions to become CDFI certified. The newsletter also contains columns from NCUA’s Chairman Rick Metsger and Board Member J. Mark McWatters, as well as articles on regulatory, supervisory, and compliance issues at federally insured credit unions. The newsletter is available on the NCUA’s website. |
Reference: | |
Personnel Affected: | Credit Union Compliance Officers |
Status: | Newsletter |
Keywords: | NCUA Newsletter |
Effective Date: | 03/29/2024 |
Balkans-related Designation
Issue Date: | January 17, 2017 |
Agency: | OFAC | Highlights: | One individual has been added to the SDN List. |
Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170117.aspx |
Personnel Affected: | OFAC Officer |
Status: | SDN List |
Keywords: | SDN List |
Effective Date: | 03/29/2024 |