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Exception Tracking Spreadsheet (TicklerTrax™)
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03/02/2021

FEMA schedules community suspensions from flood program

FEMA has scheduled for publication [https://www.federalregister.gov/d/2021-04111] in the March 2, 2021, Federal Register a notice that communities in Florida, Minnesota, Missouri and Ohio have been scheduled for suspension from the National Flood Insurance Program on March 9, 2021, for noncompliance with the floodplain management requirements of the program. The communities listed are:

  • Florida: Port St. Joe and unincorporated areas of Gulf County
  • Minnesota: Plummer and unincorporated areas of Red Lake County
  • Missouri: Unincorporated areas of St. Charles County
  • Ohio: Amherst, Avon Lake, Defiance, Lorain, Sheffield, Sheffield Lake, Vermilion, and unincorporated areas of Lorain County

If FEMA receives before March 9 the required documentation that a listed community has adopted the floodplain management requirements, the community will not be suspended.

03/01/2021

HUD Indian housing grants

HUD has announced its award of more than $652 million in Indian Housing Block Grants for eligible Native American Tribes and Tribally Designated Housing Entities to carry out affordable housing activities in tribal communities.

03/01/2021

U.S. sanctions former Saudi official and Rapid Intervention Force

OFAC has sanctioned Ahmad Hassan Mohammed al Asiri, Saudi Arabia’s former Deputy Head of General Intelligence Presidency, and Saudi Arabia’s Rapid Intervention Force in connection with the 2018 murder of journalist Jamal Khashoggi. The designations were made pursuant to Executive Order 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators of serious human rights abuse and corruption around the world. Identity information can be found in BankersOnline's OFAC Update.

03/01/2021

NMLS Ombudsman meeting April 1

​The NMLS Ombudsman Meeting will be held virtually on Thursday, April 1, from 2:00 p.m. to 4:00 p.m. ET. Registration is open. The deadline to submit topics by emailing ombudsman@nmls.org is the close of business on Friday, March 5.

03/01/2021

IRS reminder to businesses to file Form 8300

The IRS has issued a reminder to businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000 and encourages e-filing to help them file accurate, complete forms. Although many cash transactions are legitimate, information reported on Form 8300 can help stop those who evade taxes, profit from drug trading, engage in terrorist financing and conduct other criminal activities. The government can often trace money from these illegal activities through payments reported on complete, accurate forms.

To help businesses prepare and file reports, the IRS created a video on How to Complete Form 8300 – Part I, Part II. The short video points out sections of Form 8300 in which the IRS commonly finds mistakes and explains how to accurately complete those sections.

03/01/2021

NCUA bans former credit union official

The National Credit Union Administration issued one prohibition notice in February, banning an individual from participating in the affairs of any federally insured financial institution. The prohibited individual is a former member of the supervisory committee for Municipal Credit Union in New York, New York, who had been sentenced in July 2020 on a charge of embezzlement in connection with his role at the credit union.

03/01/2021

FDIC posts 2nd and 3rd quarter CRA exam schedules

The FDIC has posted CRA examination schedules for the second and third quarters of 2021.

03/01/2021

FDIC releases January enforcement actions

On Friday, the FDIC released a list of its enforcement actions taken in the month of January 2021. Among other actions on the list, there were two civil money penalties and two removal/prohibition orders.

  • Mountain Valley Bank, Dunlap, Tennessee, received an order to pay a $4,000 civil money penalty for violations of flood insurance requirements.
  • A former loan relationship manager with Blue Hills Bank, Boston, Massachusetts (now merged with Rockland Trust Company, Rockland, Massachusetts) received a removal/prohibition order and an assessment of a $50,000 civil money penalty for unsafe or unsound banking acts and practices and breaching his fiduciary duty to the bank. He was also charged with and plead guilty to violating 18 U.S.C. § 1005 (participation in loan with intent to defraud a financial institution).
  • A former loan officer with First Southern State Bank, Stevenson, Alabama, was issued a removal/prohibition order for fraudulently originating 17 loans to 8 of his loan customers under false pretenses, and creating fictitious collateral for the loans, causing the bank to suffer financial loss, while he received financial gain.

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