Compliance Action, Volume 24, Number 11
The Federal Reserve Board's recent update to its policy covering the Internal Appeals Process for Material Supervisory Determinations makes significant changes to the process.
Funds Availability Changes - July 1, 2020
In accordance with changes to Regulation CC last July implementing the Expedited Funds Availability Act, key Regulation CC dollar thresholds will be increased as of July 1, 2020, as part of the mandatory adjustments for inflation required by law.
The Federal Reserve's recent reduction in the reserve requirement ratio for net transaction accounts impacting deposit accounts and savings and money market accounts raises some questions regarding the six per month withdrawal limitation.
In the Editor's Opinion
The New Normal – For Now
The COVID-19 pandemic crisis has resulted in a new normal for compliance officers who may be called upon to manage a very different set of risks than they have ever seen before. We want to hear how your role and the risks you manage have changed as a result of the COVID-19 pandemic crisis.
- Increased Penalty for EEOC Notice Violation
- Grace Period Extended for Flood Renewals
- HMDA Update
- FinCEN Concerned About Reporting Diligence
- CFPB Statement on FCRA Supervisory and Enforcement Practices
Compliance Q & A
- Early Implementation of New Reg CC Holds
- Community Development Loan for a Nonprofit
- Loan Modification Fee Waivers for COVID-19 Relief
CFPB COVID-19 Page
- Nancy Castiglione, CRCM
- Editor Emeritus:
- Lucy H. Griffin, Esq.
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha, MBA
Carl G. Pry
Robert G. Rowe, III, Esq.