Skip to content

Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)

Top Story Technology Related


Office Depot and tech support firm settle with FTC

The Federal Trade Commission has announced that Office Depot, Inc. and a California-based tech support software provider have agreed to pay a total of $35 million to settle Commission allegations that the companies tricked customers into buying millions of dollars’ worth of computer repair and technical services by deceptively claiming their software had found malware symptoms on the customers’ computers. Office Depot has agreed to pay $25 million and its software supplier,, Inc., has agreed to pay $10 million as part of their settlements with the FTC. The FTC intends to use these funds to provide refunds to consumers.

In its complaint, the FTC alleges that worked with Office Depot for nearly a decade to sell technical support services at its stores. Office Depot and used PC Health Check, a software program, as a sales tool to convince consumers to purchase tech repair services from Office Depot and OfficeMax, Inc., which merged in 2013.


OCC to hold workshops in Kansas

The OCC will host two workshops in Manhattan, Kansas, at the Four Points by Sheraton Manhattan, May 7 and 8, for directors of national community banks and federal savings associations.

  • The Compliance Risk workshop on May 7 addresses the critical elements of an effective compliance risk management program. The workshop also focuses on major compliance risks and critical regulations. Topics of discussion include the Bank Secrecy Act, Flood Disaster Protection Act, Fair Lending, Home Mortgage Disclosure Act, Community Reinvestment Act, and other compliance hot topics.
  • The Operational Risk workshop on May 8 focuses on the key components of operational risk—people, processes, and systems. The workshop also covers governance, third-party risk, vendor management, internal fraud, and cybersecurity.


Change due on MLA website

A notice has been posted on the Department of Defense MLA website that the site will be upgraded to version 4.9 on Tuesday, April 9, 2019. As a result of this upgrade, Name fields (First, Middle, and Last) will no longer accept numeric characters. Users can only enter Alphabetic characters, spaces, dashes, and apostrophes in the Name fields. This change was implemented as an additional security measure.

The notice indicates users should not experience any down time during this release.


Notice for users of OFAC’s Sanction List data files

OFAC has posted an important technical notice for users of its Sanctions List data files. It involves the methods used to access those files. We suggest you share this information with anyone in your institution or service provider whose responsibilities include access the OFAC data files.


Members of new payment systems fraud group named

The Federal Reserve Board has announced the 22 members of its Fraud Definitions Work Group, part of an initiative to advance the Federal Reserve's strategy for improving the U.S. payment system. The group members will work collaboratively with Federal Reserve leaders to formulate recommendations for improving the quality and consistency of ACH, wire, and check fraud data.


2019 FFIEC CRA software and filing info available

The FFIEC announced the availability of new 2019 CRA data entry software, CRA file edits and file specifications.



FCC proposes Truth in Caller ID amendments

The Federal Communications Commission has published at 84 FR 7367 in today's Federal Register a proposal with modifications to the Commission's current Truth in Caller ID rules that largely track the language of recent statutory amendments. The document also invites comment on what other changes to the Truth in Caller ID rules the Commission can make to better prevent inaccurate or misleading caller ID information from harming consumers. Comments are due by April 3, 2019.


Waters outlines agenda for House Financial Services Committee

The U.S. House Committee on Financial Services has released the text of a speech by its chairwoman, Representative Maxine Waters, at the Center for American Progress, during which she outlined her agenda for the Committee. Among other things, Waters noted that the evolution of fintech, housing reform and encouraging diversity and inclusion in financial services would be concerns for the committee. She also focused on the futures of Fannie Mae and Freddie Mac, and long-term reauthorization and reform of the National Flood Insurance Program.


Fed app teaches U.S. currency security features

Money Adventure, an interactive smartphone and tablet application designed to teach elementary school students about the security and design features of Federal Reserve notes, has been launched by the Federal Reserve Board. The application complements other material available through the Board's Currency Education Program. Money Adventure is available for download on iPhones and iPads. An Android version is scheduled for launch later in the year.


A new look at

The NCUA has unveiled redesigned versions of its and websites. NCUA Board Chairman J. Mark McWatters said "Both of these websites are now more intuitive and accessible, and they will improve our ability to communicate with the broader credit union community and the public." Both of the sites now allow users access on a variety of platforms, including smartphones, tablets, laptops and desktops.


Training View All

Penalties View All

Search Top Stories