FDIC and OCC Propose CRA Modernization Rule with Opt-Out for Small Banks
The FDIC and the OCC have jointly proposed amendments to modernize the agencies’ Community Reinvestment Act (“CRA”) regulations, which are intended...more
12/23/2019
/ Agricultural Sector ,
Bank Deposits ,
Bank Secrecy Act ,
Banks ,
Broker-Dealer ,
Brokered Deposits ,
Community Reinvestment Act ,
FDIC ,
FinCEN ,
FinTech ,
Hemp ,
Hemp Related Businesses ,
Marijuana ,
Marijuana Related Businesses ,
NCUA ,
Nonbank Firms ,
OCC ,
Opt-Outs ,
Pending Legislation ,
Proposed Amendments ,
Regulatory Standards ,
Small Banks ,
State Securities Regulators ,
Suspicious Activity Reports (SARs) ,
Underwriting ,
USDA
Headlines -
FDIC Adopts Final Rule Establishing Community Bank Leverage Ratio Framework
OCC Issues Compliance Guidance on Registered Appraisal Management Companies
CFPB Announces New Policies to Promote Innovation...more
9/30/2019
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Controlled Substances Act ,
Credit Unions ,
Dodd-Frank ,
FDIC ,
Federal Deposit Insurance Act ,
Financial Institutions ,
Innovation ,
Leverage Ratio ,
Marijuana ,
New Guidance ,
OCC ,
Ombudsman
Federal Banking Agencies Issue Final Rule to Simplify Regulatory Capital Calculations -
The federal banking agencies have issued a final rule that simplifies several requirements in the agencies' regulatory capital rules...more
7/29/2019
/ Automotive Loans ,
Banking Sector ,
BSA/AML ,
Capital Requirements Regulation (CRR) ,
Change in Control ,
Depository Institutions ,
EGRRCPA ,
FASB ,
FinCEN ,
Liens ,
Marijuana ,
Marijuana Related Businesses ,
New Guidance ,
Proposed Legislation ,
Safe Harbors ,
Volcker Rule
FDIC Shares Examiners’ Expectations for Contracts with Technology Service Providers -
The FDIC has issued guidance on examiners’ expectations for provisions of contracts between banks and technology service providers...more
5/1/2019
/ Accounting Standards ,
Banking Sector ,
EGRRCPA ,
FDIC ,
Federal Reserve ,
FinTech ,
Global Systemically Important Banks (G-SIBs) ,
HMDA ,
Insolvency ,
Marijuana ,
Marijuana Related Businesses ,
Regulatory Authority ,
Safe Harbors
New Data Breach Law Requires Free Credit Monitoring for Massachusetts Consumers -
Recent amendments to the Massachusetts data security breach law will require any person – including, in relevant part, any bank or any bank...more
1/31/2019
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Monitoring ,
Data Breach ,
Enforcement ,
Government Shutdown ,
Marijuana ,
Marijuana Related Businesses ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
RESPA
Federal Banking Agencies Propose to Ease Compliance Burdens Under the Volcker Rule -
The federal banking agencies, together with the SEC and the CFTC, have jointly proposed to amend the Volcker Rule to tailor the...more
Attorney General Rescinds Federal Marijuana Enforcement Priorities -
U.S. Attorney General Jeff Sessions has rescinded all nationwide guidance previously issued by the Department of Justice ("DOJ") to federal prosecutors...more