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Exception Tracking Spreadsheet (TicklerTrax™)
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Top Story Compliance Related

04/13/2017

OCC releases new retail lending booklet

The OCC has issued Bulletin 2017-15 to introduce a new “Retail Lending” booklet for the Comptroller’s Handbook. This new booklet, part of the “Safety and Soundness” category of the Handbook, discusses the risks associated with retail lending and provides a framework for evaluating retail credit risk management activities. This booklet supplements the core assessment sections of the “Large Bank Supervision,” “Community Bank Supervision,” and “Federal Branches and Agency Supervision” booklets of the Handbook. Examiners should refer to the “Retail Lending” booklet when specific retail lending products, services, activities or risks warrant review beyond the core assessment because they have a material impact on the risk profile and financial condition of national banks and federal savings associations.

04/13/2017

OFAC updates SDN List

The Office of Foreign Assets Control has added two individuals to its list of Specially Designated Nationals under its Central African Republic (CAR) sanctions. The office also removed a Zimbabwe sanctions listing. For additional information, see our OFAC Update.

04/10/2017

FDIC to host Economic Inclusion Summit

The FDIC has announced it will host an Economic Inclusion Summit on Wednesday, April 26, in Arlington, Virginia, to discuss "Strategies to Bring Consumers into the Financial Mainstream." The summit will bring together representatives from banks, bank trade associations, non-profit organizations, national, state, and local government agencies, and the public.

04/10/2017

OCC revises Comptroller’s Licensing Manual booklet

OCC Bulletin 2017-14 announces the issuance of the “National Bank Director Waivers” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the “Director Waivers” booklet issued in March 2008, and provides updated guidance on required filings when a national bank's board of directors requests waivers of the citizenship and residency requirements for an individual or a group of individuals. These director requirements do not apply to directors of federal savings associations.

04/10/2017

Board updates BHC Supervision Manual

The Federal Reserve Board has released its Supplement 51-January 2017 update to the Bank Holding Company Supervision Manual. The update can be viewed in its entirety or by section.

04/10/2017

Salvadoran removed from SDN list

A Salvadoran, José Adán Salazar Umaña, a/k/a "Chepe Diablo," previously designated as a specially designated global terrorist, has been removed from OFAC's SDN list. See our OFAC Update for identity details.

04/07/2017

OFAC adds, removes and updates list

OFAC has announced the name of an individual has been added, the names of two individuals have been removed, and changes have been made to an existing entry on the SDN List. See our OFAC Update for the details.

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.

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