Compliance & Security Updates

Documentation Question: What type of documentation should financial institutions maintain relative to providing an accommodation…

Question: Can the bank's Compliance Officer also be the OFAC Compliance Officer? Answer: Yes, the…

Regulation B / Request for Information The Consumer Financial Protection Bureau (CFPB) is requesting comments…

1. Changes in Allowances for Credit Losses (Schedule R1-B; Part II) a. Provisions for Credit…

The Consumer Financial Protection Bureau issued a proposed rule to implement relief from mandatory escrow…

“I don’t know how some of the things in the past month would have been…

The Federal Reserve Board (FRB) has published a temporary change to its capital rule that…

The banking regulators (FDIC, FRB, and OCC) have announced that banks will have an additional…

Question: May a prepaid card be set up without requiring customer identification verification? Answer: Regulation…

Question As a Bank, you have an arrangement with an insurance company to offer homeowner’s…