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Compliance Action, Volume 25, Number 2

June 29, 2020

New OCC Community Reinvestment Act Regulation: An Introductory Bite of the Apple

By Nancy Castiglione, CRCM

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.

Action Training
Diversity and Inclusion Programs

By Nancy Castiglione, CRCM

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.

Compliance Notes

Remittance Transfers: Exceptions

By Nancy Castiglione, CRCM

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.

Compliance Calendar

In the Editor's Opinion
Made in the U.S.A.

By Nancy Castiglione, CRCM

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.

How Long Does it Take You to Do a SAR?

By Nancy Castiglione, CRCM

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.

Compliance Online
OCC Enforcement Action Types

Nancy Castiglione, CRCM
Editor Emeritus:
Lucy H. Griffin, Esq.
Board of Advisors:
John S. Byrne, Esq.
Cliff E. Cook
David Dickinson
Julie A. Gliha, MBA
Carl G. Pry
Susan Rich
Meg Sczyrba
Robert G. Rowe, III, Esq.
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action