Newsletter Archive 2024 | Bankers Compliance Group

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Today is: July 2, 2024		Home

Aldrich and Bonnefin PLC

BCG Monthly Newsletter Archive

BCG members can view a Newsletter below by selecting the download button.

BCG Monthly Newsletter Archive

2024

Newsletter Highlights

Coming Soon – CFPB Proposals Would Characterize Certain Overdraft Fees as Finance Charges; Certain NSF Fees as UDAAP
CFPB Adjusts Threshold for Regulation Z Escrow Account Exemptions for HPML Loans
FTC Finalizes CARS Rule
FDIC’s Final Rule on Official Signs, Advertising Requirements, and False Advertising
FinCEN Issues Final Rule Regarding Access to Beneficial Ownership Information
CFPB Hits Bank With $6.2 Million Action for Faulty Overdraft Practices
Financial Stability Board Releases Third Party Risk Management Toolkit
Financial Stability Oversight Council Identifies Artificial Intelligence as Emerging Threat to Financial System
FTC Bans Rite Aid from Using Facial Recognition Technology
Computation of Interest for a Local Agency’s Public Deposits
FDIC Issues Advisory on Managing Concentration Risks in Commercial Real Estate
President Biden Vetoes Joint Resolution to Overturn the CFPB’s Small Business Lending Data Collection Rule
U.S. Supreme Court to Weigh in on Syndications as Securities
Bankruptcy Court Rules that Certain Digital Assets Securing a Loan are Property of the Bankruptcy Estate
Banking Agencies Issue Interagency Statement Extending Relief from Regulation O for Investment Funds
FRB Vice Chairman Barr Emphasizes Urgent Need for Liquidity Rules Post Bank Failures
FDIC Releases Cybersecurity Information Videos for Directors and Officers
CFPB Increases HMDA Exemption Asset-size Threshold
Agencies Adjust CRA Asset Thresholds for Small and Intermediate Small Banks and Savings Associationss
FFIEC Releases 2022 CRA Data
NCUA Issues Technical Correction for the CECL Transition Amount

FTC Pauses CARS Rule Effective Date
FRB Top Consumer Violations
FRB Extends Comment Period for Interchange Fee Proposal
CFPB Publishes Overdraft, NSF Fee Proposed Rules
California Privacy Protection Agency Launches Privacy Information Website
Discontinuation of the BSBY Index
Senate Fails to Override President Biden’s Veto of Joint Resolution to Overturn the CFPB’s Small Business Lending Data Collection Rule
NCUA Supervisory Focus on Fair Lending in 2024
OCC Proposal to Remove Automatic Approval Provisions in Merger Rule Shake-up
HMDA and CRA Deadlines March 1
Agencies Publish Final CRA Rule, Promptly Sued by U.S. Chamber of Commerce, Industry Groups

Recent Developments: The Telephone Consumer Protection Act
CFPB Updates Its Internal Supervisory Appeals Process
FEMA Proposes Updates to the Current Standard Flood Insurance Policy
FFIEC Issues Examination Principles on Appraisal Bias
Corporate Transparency Act Ruled Unconstitutional
OCC Fines City National Bank for Alleged Risk Management Shortcomings
California Attorney General Issues Letter Warning of Overdraft Fee UDAP Risk
FTC Warns that Changing Online Privacy Policies without Notifying Consumers Could be an Unfair or Deceptive Practice
California Attorney General Reaches Second CCPA Settlement with DoorDash
U.S. Supreme Court Declines to Review Second Circuit Case Ruling that Syndicated Loans are Not Securities
Regulators Release 2023 SNC Program Review Results
NCUA Announces Overdraft Reporting Proposal for $1 Billion+ Credit Unions
U.S. Chamber of Commerce Sues to Prevent California’s Climate Disclosure Laws from Going into Effect
Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden
OCC Issues Proposed Rule to Amend Bank Merger Regulations

CFPB Finalizes $8 Credit Card Late Fee Cap; Lawsuit Filed in Opposition
Proposed Legislation Aims to Prohibit the Use of Medical Debt in Credit Decisions
NFIP Proposed Changes Delayed
Trade Organizations Tout Successful Recent Technology Conversion
Treasury Department Report Highlighting AI Cybersecurity Risks for Financial Institutions
FinCEN Seeks Comments on CIP Requirements
FDIC Identifies Reg E Issue on EFT Dispute Process Handled by Third Parties
FinCEN Issues Compliance Guide for BOI Access
BAFT Issues Letter of Credit Guidance Resource
NCUA Announces Opening of 2024 Grant Round
NCUA Finalizes New Overdraft and NSF Fee Reporting Requirement for $1 Billion+ Credit Unions
SEC’s Climate Disclosure Rule Update
Updates on the Implementation of the CRA Final Rule
FFIEC Releases Census Tract Information for 2024

CFPB Spring “Supervisory Highlights”
Texas Court Ordered to Rule on CFPB Credit Card Late Fee Final Rule by May 10th
FHFA Issues New Fair Housing and Fair Lending Rules and Policies
CFPB’s Circular on AI-based Credit Denials Published
FinCEN Issues Analysis on Elder Financial Exploitation
California Privacy Protection Agency Publishes CCPA Enforcement Advisory
CISA Proposes New Breach Notification Rules Applicable to Critical Infrastructure
TCPA Push Notifications Q&A
Proposed Legislation Would Expand California’s FDCPA to Cover Small Business Debt
Senate Introduces Proposed Resolution to Overturn SEC’s Climate Disclosure Law
Agencies Appeal Court’s Grant of Motion for Preliminary Injunction in CRA Lawsuit

* Janet Bonnefin is retired from the practice of law with the firm.

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