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:
Market Snapshot: Online Debt Sales
| Issue Date: | January 12, 2017 |
| Agency: | CFPB | Highlights: | The CFPB released a report on the online market for charged-off debt. Concerns regarding consumer’s personal information. The report also analyzed the price, type and age of debt offered on three online debt websites typical of the marketplace. |
| Reference: | https://www.consumerfinance.gov/data-research/research-reports/market-snapshot-online-debt-sales/ |
| Personnel Affected: | Debt Collectors |
| Status: | Report |
| Keywords: | Online Debt Sales |
| Effective Date: | 04/29/2024 |
Consumer Experiences With Debt Collection: Findings From the CFPB’s Survey on Consumer Views on Debt
| Issue Date: | January 12, 2017 |
| Agency: | CFPB | Highlights: | The CFPB released a report presenting the results of the Survey on Consumer Views on Debt which was conducted between December 2014 and March 2015. The report analyzes consumer experiences with debt collection in the United States. |
| Reference: | |
| Personnel Affected: | Debt Collectors |
| Status: | Report |
| Keywords: | Debt Collection |
| Effective Date: | 04/29/2024 |
Management Interlocks: Revised Comptroller’s Licensing Manual Booklet
| Issue Date: | January 12, 2017 |
| Agency: | OCC | Highlights: | The OCC revised the “Management Interlocks” booklet of the Comptroller’s Licensing Manual. The booklet explains when a prohibited management interlock is created and describes the exemption process. |
| Reference: | https://www.occ.gov/news-issuances/bulletins/2017/bulletin-2017-4.html |
| Personnel Affected: | CEO and Board |
| Status: | Publication |
| Keywords: | Comptroller Licensing Manual |
| Effective Date: | 04/29/2024 |
OCC Hosts Risk Governance and Compliance Workshops in Miami
| Issue Date: | January 12, 2017 |
| Agency: | OCC | Highlights: | The OCC will host two workshops in Miami for directors of banks supervised by the OCC on Risk Governance and Compliance Risks. The workshops are $99 and limited to the first 35 registrants. Registration is available on the OCC’s website. |
| Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-8.html |
| Personnel Affected: | Board of Directors of OCC supervised institutions |
| Status: | Training |
| Keywords: | Training Workshops |
| Effective Date: | 04/29/2024 |
North Korea Designations
| Issue Date: | January 11, 2017 |
| Agency: | OFAC | Highlights: | OFAC added a number of individuals and entities to the SDN List. |
| Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170111.aspx |
| Personnel Affected: | OFAC Officer |
| Status: | SDN List |
| Keywords: | SDN List |
| Effective Date: | 04/29/2024 |
OCC Releases 2017 Schedule of Workshops for Directors of National Community Banks and Federal Savings Associations
| Issue Date: | January 11, 2017 |
| Agency: | OCC | Highlights: | The OCC announced its 2017 schedule of workshops for directors of national community banks and federal savings associations. The OCC offers five workshops on Building Blocks for Directors, Risk Governance, Compliance Risk, Credit Risk and Operational Risk. Workshops are limited to 35 people and cost $99 each. |
| Reference: | https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-7.html |
| Personnel Affected: | Board of Directors of OCC supervised institutions |
| Status: | Training |
| Keywords: | Training Workshops |
| Effective Date: | 04/29/2024 |
NCUA Webinar Will Cover New Field-of-Membership Rule
| Issue Date: | January 11, 2017 |
| Agency: | NCUA | Highlights: | The NCUA will hold a webinar on its new field-of-membership rule that takes effect February 6. Institutions can register on the NCUA’s website. The webinar will discuss regulatory changes to modernize options, the type and extent of information a federal credit union should submit with their application, and internal procedures for implementing the new rule. |
| Reference: | https://www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-webinar-cover-new-field-membership-rule.aspx |
| Personnel Affected: | Credit Unions |
| Status: | Training |
| Keywords: | Field of Membership |
| Effective Date: | 02/01/2017 |
December 2016 NCUA Board Meeting Video Available
| Issue Date: | January 11, 2017 |
| Agency: | NCUA | Highlights: | The video of the December 15, 2016 NCUA Board Meeting is available on the NCUA’s website. The Board discussed the elimination of the full occupancy requirement, FOIA, and a request from the Texas Credit Union Department to revise its member business lending rule to provide parity with the NCUA’s rule. |
| Reference: | |
| Personnel Affected: | Credit Union Board and CEO |
| Status: | Announcement |
| Keywords: | Board Meeting |
| Effective Date: | 04/29/2024 |
Counter Terrorism Designations
| Issue Date: | January 10, 2017 |
| Agency: | OFAC | Highlights: | OFAC added a number of individuals and entities to the SDN List. |
| Reference: | https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170110.aspx |
| Personnel Affected: | OFAC Officer |
| Status: | SDN List |
| Keywords: | SDN List |
| Effective Date: | 04/29/2024 |
Jamaica’s measures to combat money laundering and terrorist financing
| Issue Date: | January 9, 2017 |
| Agency: | FATF | Highlights: | The report details the Caribbean’s Financial Action Taskforce’s assessment of Jamaica’s AML/CFT measures. The full report is available on the FATF website. |
| Reference: | https://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-jamaica-2017.html |
| Personnel Affected: | BSA Officer |
| Status: | Report |
| Keywords: | FATF 40 |
| Effective Date: | 04/29/2024 |