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

07/01/2016

CFPB reports $24.2M in restitution to consumers

The CFPB has announced the release of a report that its supervisory actions in the first four months of the year uncovered illegal activities in auto finance and payments that led to approximately $24.5 million in restitution to more than 257,000 consumers.

07/01/2016

2016 census data products available

The FFIEC has announced the 2016 geocoding system has been updated with the 2016 Census demographic data based on the 2006 - 2010 five year estimate American Community Survey (ACS) and the historical census data for years 1990 – 2007 are now available.

07/01/2016

FDIC updates InTREx program

FDIC FIL-43-2016 announces the update of the Corporation's information technology and operations risk (IT) examination (InTREx) procedures to provide a more efficient, risk-focused approach. This enhanced program also provides a cybersecurity preparedness assessment and discloses more detailed examination results using component rating.

07/01/2016

Financial companies consolidated liabilities report released

The Federal Reserve System has released its annual determination of the aggregate consolidated liabilities of financial companies as required by the Dodd-Frank Act. The Act prohibits a financial company from combining with another company if the resulting company's liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies. As of July 1, 2016, aggregate consolidated liabilities equal $21,786,571,865,000. Financial companies subject to the limit include insured depository institutions, bank holding companies, savings and loan holding companies, foreign banking organizations, companies that control insured depository institutions, and nonbank financial companies designated for Board supervision by the Financial Stability Oversight Council.

07/01/2016

OFAC announces SDN List changes

OFAC has added one individual and one entity to its SDN List, both with the specially designated global terrorist (SDGT) designation. It also removed several SDGT entries from the list. See our OFAC Update for more information.

07/01/2016

OCC makes CMP adjustments

The Office of the Comptroller of the Currency has published at 81 FR 43021 in today's Federal Register an interim final rule and request for comments to amend its Rules of Practice and Procedure for National Banks (at 12 CFR Part 19) and its Rules of Practice and Procedure in Adjudicatory Proceedings for Federal Savings Associations (at 12 CFR Part 109) to publish the maximum amount, adjusted for inflation, of each civil money penalty within its jurisdiction to administer. These actions are required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The rule and the changes will be effective on, and comments on the interim rule are due by, August 1, 2016.

07/01/2016

OFAC makes CMP adjustments

The Office of Foreign Assets Control has published at 81 FR 43070 in today's Federal Register an interim final rule with request for comments to amend its regulations for the relevant sanctions programs it administers to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The amendments will be effective on, and comments are due by, August 1, 2016.

06/30/2016

BancorpSouth hit for mortgage discrimination

The CFPB and the Department of Justice have taken joint action against BancorpSouth Bank for discriminatory mortgage lending practices that harmed African Americans and other minorities. The complaint filed by the CFPB and DOJ alleges that BancorpSouth engaged in numerous discriminatory practices, including illegally redlining in Memphis; denying certain African Americans mortgage loans more often than similarly situated non-Hispanic white applicants; charging African-American customers for certain mortgage loans more than non-Hispanic white borrowers with similar loan qualifications; and implementing an explicitly discriminatory loan denial policy. A consent order, which is subject to court approval, would require BancorpSouth to take a number of remedial measures, and to pay a civil money penalty of $3.03 million to the Bureau. Other outlays to be required by the order bring the combined financial impact on BancorpSouth to more than $10.6 million. See "BancorpSouth pays $10.6 million for mortgage practices," in our Penalties section, for additional information.

06/30/2016

Health care fraud involved structuring violations

ICE has announced that two New Mexico residents who were recently charged with health care fraud have been arrested. The indictment included nine health care fraud charges, and one aggravated currency structuring charge for conducting financial transactions in a manner that avoided the filing of Currency Transaction Reports (CTRs). One defendant conducted at least 200 cash withdrawals, each for several thousands of dollars but less than $10,000 and totaling at least $800,000, to avoid the filing of CTRs.

06/30/2016

FinCEN CMP adjustments published

The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has published an interim final rule at 81 FR 42503 in this morning's Federal Register amending the regulations under the Bank Secrecy Act (at 31 CFR Part 1010) to adjust the maximum amount or range, as set by statute, of certain civil monetary penalties within its jurisdiction to account for inflation. The amendments, which will be effective August 1, 2016, include a new section 1010.821 and a new Table with the current and new maximum penalties. Comments on the interim rule are due by August 1, 2016.

Pages

Training View All

Penalties View All

Search Top Stories