Compliance Action, Volume 25, Number 2
The OCC's final rule revising Community Reinvestment Act Regulations is substantially changing how CRA performance for banks and savings associations it oversees will be evaluated as a result of the amendments.
Diversity and Inclusion Programs
Diversity training can be a highly sensitive and difficult topic for training, particularly in light of current events. While there is no rule for frequency, scope or type of diversity and inclusion training, the training should be geared toward what is most appropriate for your institution.
- Changes to High Intensity Drug Trafficking Areas (HIDTAs)
- OCC Issues Bulletin on COVID Relief Preemption Programs
- Interagency Guidance on Credit Risk Reviews
- Availability of 2019 HMDA Data
The CFPB has finalized amendments to the Remittance Transfer rules under Regulation E relating to the safe harbor coverage exception and the exception for disclosing estimates of third-party fees and exchange rates.
In the Editor's Opinion
Made in the U.S.A.
While financial products and services don't come with a "Made in the U.S.A." label, there are some deceptive marketing lessons to be learned from the recent Williams-Sonoma consent order and FTC action.
Recognizing that there is substantially more involved in filing SARs today, FinCEN is reviewing (and requesting comments) on a proposed updated burden estimate for SARs.
OCC Enforcement Action Types
- 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.