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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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Top Story Compliance Related

05/25/2017

FEMA to suspend communities from Flood Program

The Federal Emergency Management Agency published a final rule in the May 25, 2017, Federal Register identifying communities to be suspended on June 7, 2017, from the National Flood Insurance Program for noncompliance with the program's floodplain management requirements.

  • Arkansas—Portions of Jackson County
  • Illinois—City of Decatur
  • North Dakota—City of New Rockford and portions of Stutsman County
  • Pennsylvania—Portions of Erie County
  • Texas—Town of Fairview

05/24/2017

SCOTUS deals setback for patent trolls

The Supreme Court has made the practice of "patent trolling" more difficult with its May 22, 2017, decision on how to interpret the patent venue laws. In TC Heartland LLC v. Kraft Foods Group Branch LLC, the justices held that the US Court of Appeals for the Federal Circuit, which handles all patent appeals, has been using the wrong standard since 1990 to decide in which court jurisdiction a patent lawsuit can be brought. Get the details in our Courtwatch article.

05/24/2017

CFPB updates Your Money, Your Goals pages

The CFPB Blog has announced an update of the Bureau's "Your Money, Your Goals" webpages, with new resources for organizations to use when having conversations about money with their clients.

05/24/2017

FTC ID theft conference today

The U.S. Federal Trade Commission will host an all-day conference today, May 24, 2017, from 9 am to 4 pm ET, to take a comprehensive look at how identity theft has evolved over the last decade and what can be done to address this challenge in the future. The conference will be webcast.

05/24/2017

Debt relief scam halted by FTC and Florida

At the request of the Federal Trade Commission and the State of Florida, a federal court has issued a preliminary injunction to temporarily halt a massive phony debt relief operation that bilked tens of millions of dollars from financially strapped consumers, including the elderly and disabled. According to the complaint filed by the FTC and the State of Florida, the defendants, through 11 companies, got people to pay hundreds or thousands of dollars a month by falsely promising they would pay, settle, or obtain dismissals of consumers' debts and improve their credit. Over time, victims found their debts unpaid, their accounts in default, and their credit scores severely damaged. Some were sued by their creditors, and some were forced into bankruptcy.

05/24/2017

OCC names deputy comptroller for economics

Acting Comptroller Noreika has announced the naming of Michael Sullivan as senior deputy comptroller for economics effective June 11, 2017.

05/24/2017

OCC updates policies regarding violations

The OCC has issued Bulletin 2017-18 with an update of policies and procedures regarding violations of laws and regulations to become effective July 1, 2017. The updates are reflected in the “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies,” and “Large Bank Supervision” booklets and other sections of the Comptroller’s Handbook and internal guidance. Among the changes will be a consistent format for communicating violations that includes legal citations and descriptions of the violation, a summary of relevant statutory or regulatory requirements, facts supporting the violation and root cause(s), corrective action(s) required, and the commitments of the bank's board and management to corrective action.

05/24/2017

Watt discusses FHLB status and priorities

In prepared remarks delivered at the 2017 Federal Home Loan Bank Directors' Conference in Washington, D.C., Director Watt reviewed the status of the Federal Home Loan Bank System, FHL Bank supervisory priorities; diversity, inclusion, oversight, and examinations.

05/24/2017

Labor's Fiduciary Rule effective June 9

The Department of Labor has issued Guidance FAQs on a phased-in implementation of its Fiduciary Conflict of Interest Rule and related exemptions beginning at midnight Friday, June 9, 2017, with certain provisions in the exemptions delayed to January 1, 2018. As a result, on June 9, investment advice providers to retirement savers will become fiduciaries, and the "impartial conduct standards" will become requirements of the exemptions. The Department will continue to examine the Fiduciary Rule in compliance with the president's February 3, 2017, memorandum.

05/24/2017

CFPB Advisory Board to meet

The Consumer Financial Protection Bureau has published a Notice in today's Federal Register of a public meeting of its Consumer Advisory Board to be held at the Bureau's offices in Washington from 10:00 a.m. to 4:30 p.m. EDT on Thursday, June 8. On the discussion agenda are credit visibility, credit producs, trends and themes, and small business lending.

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