April 7, 2021
Compliance Update – April 2021
As we reviewed in this publication last June, it still stands that the LIBOR Index…
March 16, 2021
Compliance Update – March 2021
What is Cryptocurrency? Cryptocurrency (or “crypto”) is a digital currency that can be used to…
February 8, 2021
Compliance Update – February 2021
Charge for Consumer Credit Reports The Consumer Financial Protection Bureau (CFPB) has announced that the…
January 19, 2021
Compliance Update – January 2021
Regulation D – Annual Adjustments The Federal Reserve Board (FRB) has amended Regulation D (Reserve…
December 11, 2020
Compliance Update – December 2020
Helping Customers Through the PPP Forgiveness Process Review the rules governing the loan forgiveness process…
November 10, 2020
Compliance Update – November 2020
Documentation Question: What type of documentation should financial institutions maintain relative to providing an accommodation…
November 4, 2020
Compliance Update – October 2020
Question: Can the bank's Compliance Officer also be the OFAC Compliance Officer? Answer: Yes, the…
October 1, 2020
Compliance Update – September 2020
Regulation B / Request for Information The Consumer Financial Protection Bureau (CFPB) is requesting comments…
August 1, 2020
Compliance Update – August 2020
1. Changes in Allowances for Credit Losses (Schedule R1-B; Part II) a. Provisions for Credit…
July 1, 2020
Compliance Update – July 2020
The Consumer Financial Protection Bureau issued a proposed rule to implement relief from mandatory escrow…