Compliance Action, Volume 24, Number 12
To address two questions related to Regulation E in connection with the economic impact payments (EIPs) the CFPB has issued an interpretative rule on the Treatment of Pandemic Relief Payments under Regulation E.
To provide consumers with more readily available access to funds, the Federal Reserve Board issued an Interim Final Rule to amend Regulation D to eliminate the required six per month withdrawal limits for savings and money market accounts.
Let’s Be Objective
When scheduling employee training, establishing learning objectives can ensure that the training is effectively utilized and achieving the training goals of your institution.
The Federal Reserve Board has issued an Interim Final Rule to clarify the treatment of SBA PPP loans to bank insiders under Regulation O.
In the Editor's Opinion
What SHOULD We Be Complying With?
With frequent regulatory guidance and interim rulings being issued to address many of the challenges financial institutions and customers are facing during these unprecedented times, compliance officers are spending almost as much if not more time these days making determinations as to what NOT to comply with than what to comply with or how to comply with it.
- FDIC Sign and Advertising Requirements on Hold
- Federal Appraisal Regulatory Relief
- APY and APR Computational Tools on FFIEC Website
- OFAC COVID-19 Fact Sheet
- Bureau Reporting Flexibility
- Joint Statement Encouraging Responsible Small Dollar Lending
Compliance Q & A
- Immigration Status in Credit Decisions
- Flood Insurance on Mixed-Use Property
- Conducting a Bank-Wide UDAAP Audit
- 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.