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Compliance Action, Volume 27, Number 11

March 31, 2023

Hiring in Banking Act (2 Action Steps)

By Nancy Castiglione, CRCM

This year's National Defense Authorization Act (the Administration's annual defense appropriations law) contained some banking provisions and amendments that have nothing to do with defense or defense spending. One of those included changes to the Hiring in Banking Act that eases some of the restrictions on hiring individuals convicted of certain types of criminal offenses.

CFPB’s Spring Regulation Clean-up (Table)

By Nancy Castiglione, CRCM

Spring and spring cleaning have arrived – and the CFPB is polishing up some regulations!

Compliance Notes

Thresholds and Exemption Levels, Updated for 2023 (Table)

By Nancy Castiglione, CRCM

The regulatory agencies have issued more updates to the thresholds and exemption levels for 2023 that should be distributed to affected staff for updating procedures and training.

Compliance Calendar

FDIC Insurance

By Nancy Castiglione, CRCM

The current financial crisis prompted some (confusing) changes to FDIC Insurance.

Training Page
The Basics of FDIC Insurance

By Nancy Castiglione, CRCM

In the wake of FDIC Insurance changes and the economic uncertainty that fueled those changes, make sure your staff is prepared for the inevitable customer questions and requests about FDIC insurance related to their deposit accounts.

Compliance Online
FedNow Service

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
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action