Skip to content

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.

Click Now!


Top Story Compliance Related

04/06/2017

CRA ratings issued by FDIC

The FDIC has released the April 2017 list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). Of the 47 banks listed, three received a rating of Outstanding, 43 received a Satisfactory rating, and one bank was rated Substantial Non-compliance.

04/06/2017

Cordray reports to House Committee on Financial Services

The Bureau has posted the prepared opening statement of CFPB Director Cordray before the House Committee on Financial Services. Director Cordray reported on the activities of the CFPB during 2016 and over the last five years.

04/06/2017

FinCEN advisory on FATF-identified jurisdictions

FinCEN has issued Advisory FIN-2017-A002 to financial institutions regarding the Financial Action Task Force's (FATF) updated list of jurisdictions with strategic anti-money laundering/counter-terrorist financing (AML/CFT) deficiencies. The changes reported by FATF may affect U.S. financial institutions' obligations and risk-based approaches regarding relevant jurisdictions.

04/05/2017

Richmond Reserve Bank president resigns

Bloomberg Markets has published the text of a letter of resignation by Richmond Federal Reserve Bank President Jeffrey Lacker. Dr. Lacker, who had earlier stated his intent to retire this year, said that his resignation was immediate, after admitting to an unintentional October 2012 breach of two Federal Open Market Committee confidentiality policies. The Richmond Federal Reserve Bank and the Federal Reserve Board of Governors posted brief statements following Dr. Lacker's resignation.

04/05/2017

Board accepting CAC applications

The Federal Reserve Board has announced that it is accepting applications from individuals who wish to be considered for membership on the Board's Community Advisory Council (CAC). Formed in 2015, the CAC advises the Board on issues affecting consumers and communities. The CAC is made up of a diverse group of experts and representatives of consumer and community development organizations and interests, including affordable housing, community and workforce development, small business, and asset and wealth building.

04/05/2017

OCC CRA ratings released

A list of the ratings received by 31 national banks, federal savings associations, and insured federal branches of foreign banks recently evaluated for CRA compliance has been released by the OCC. Three institutions were rated outstanding and 28 were rated satisfactory.

04/05/2017

OCC workshops scheduled in Des Moines

The OCC will host two workshops at the Holiday Inn Des Moines Downtown-Mercy Area, Des Moines, Iowa, May 9-10, for directors of national community banks and federal savings associations supervised by the OCC. The Risk Governance workshop on May 9 combines lectures, discussion, and exercises to provide practical information for directors to effectively measure and manage risks. The workshop also focuses on the OCC's approach to risk-based supervision and major risks in the financial industry. The Credit Risk workshop on May 10 focuses on credit risk within the loan portfolio, such as identifying trends and recognizing problems. The workshop also covers the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change.

04/05/2017

Fiduciary rule applicability date delayed 60 days

The Department of Labor's Employee Benefits Security Administration has submitted for Federal Register publication on Friday, April 7, 2017, a final rule delaying the Applicability Date of its rule on Fiduciary Conflicts of Interest -- Retirement Investment Advice, and selected other changes, from April 10, 2017, for 60 days, to June 9, 2017. The effective date of this final rule (delaying the Availability Date and certain other provisions) is April 10, 2017.

See our March 2, 2017, Top Story, "Proposal to delay Labor Department Fiduciary Rule," for additional information.

04/04/2017

CFPB publishes Consumer Response Annual Report

The Bureau has announced the publication of its 2016 Consumer Response Annual Report, which provides an overview of the complaints it received in 2016. A few key takeaways:

  • The Bureau handled 291,400 consumer complaints in 2016. This is a 7 percent increase over complaints handled in 2015.
  • Debt collection, credit reporting and mortgages were the top three most-complained-about consumer financial products and services, collectively representing about 67 percent of complaints submitted in 2016.
  • Financial companies provide timely responses to consumer complaints. About 97 percent of complaints sent to companies get timely responses.

04/04/2017

HUD publishes Mortgagee Review Board actions

The Department of Housing and Urban Development has published in today's Federal Register a report of administrative actions taken by its Mortgagee Review Board against HUD-approved mortgagees for the fiscal year ending September 30, 2016.

Pages

Training View All

Penalties View All

Search Top Stories