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Compliance Action, Volume 28, Number 1

May 31, 2023

Early Planning for the Small Business Lending Rule(including 5 Action Steps)

By Nancy Castiglione, CRCM

The dates for implementation of the final Small Business Lending Rule may be far off, but planning ahead would be prudent to avoid getting left behind and face last minute scrambling before deadlines loom.

Training Page

By Nancy Castiglione, CRCM

Privacy remains a growing concern for consumers. Whether or not your bank has made changes to your privacy policies in the past year, training should be revisited periodically with all employees.

Reg Z
LIBOR and Reg Z

By Nancy Castiglione, CRCM

The CFPB has issued amendments to Regulation Z relating to facilitating the LIBOR transition consistent with the LIBOR Act.

Compliance Calendar

Small Business Lending Rule Implications

By Nancy Castiglione, CRCM

Making sure that everyone, especially senior management, fullys comprehends the purpose, background, and implications of the Small Business Lending rule is a critical part of the implementation process.

Compliance Notes

Section 109 Host State Loan-to-Deposit Ratios Updated

By Nancy Castiglione, CRCM

The Agencies have updated the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (Section 109) Host State Loan-to-Deposit ratios which prohibits banks from establishing or acquiring a branch outside its home state primarily for the purpose of deposit production.

Compliance Online
New OFAC Page

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