The Reg-Zone has been updated for October 2020.

Updates include:

1. Community Reinvestment Act (CRA)
   1. ​The Office of the Comptroller of the Currency (OCC) is adopting a final rule to strengthen and modernize the Community Reinvestment Act (CRA) by clarifying and expanding the activities that qualify for CRA credit; updating where activities count for CRA credit; creating a more consistent and objective method for evaluating CRA performance; and providing for more timely and transparent CRA-related data collection, recordkeeping, and reporting.
2. Appraisal Standards
   1. ​On October 16, 2020, the OCC, Board, and FDIC (collectively, the agencies) are adopting as final the interim final rule published by the agencies on April 17, 2020, making temporary amendments to the agencies’ regulations requiring appraisals for certain real estate-related transactions.
3. Regulatory Agenda and Agency Resources​

Final Rule

HUD Issues Fair Housing Act Disparate Impact Standard

Freedom of Information Rule

Real Estate Appraisal Final Issued

Proposals

CFPB Issues Request for Comments of CARD Act Rules

CFPB Issues Proposal for Qualified Mortgage Definition under Regulation Z - comment extension

Agencies Issue Flood Regulation Proposal - comment extension

Federal Reserve Issues Advance Notice of Proposed Rule Making for CRA

FinCEN

FinCEN Final Rule for CIP, ALM and Beneficial Ownership

FinCEN Advisory on Ransomware

OFAC Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments

Joint Statement BSA Due Diligence for Customers Who May be Politically Exposed

Human Trafficking and SAR Advisory

Frequently Asked Questions

Payday Lending Rule FAQ

Guidance

FDIC Issues Wildfire Guidance

The Reg-Zone has been updated for June 2020

The Calendar has also been updated for June 2020

We are excited to inform you that the BankComplianceCheckup.com website has been redesigned.

The new website continues to provide you with the tools you need including Checklists, Monitoring, Testing, and Resources but we have set everything up to now be tablet and smartphone friendly.

• The Checklists no longer have Macros so they can now be used on any of your smart devices.

• The website has been setup to be “Responsive” which means that it will adjust itself to any smart device you use to access it.

• We have also added a layer of security, Secure Sockets Layer – SSL to provide you with the security you expect.

Expect to see an email from ICBA Announcing the rollout soon.

If you need immediate resources, please email us by clicking here.

Thank you,

Chaotic Solutions

The Reg-Zone has been updated for May 2020.

The Calendar has also been updated.

The Reg-Zone has been updated for the following:

Regulation O: Insider Lending

Appraisal Standards

Regulatory Agenda and Agency Resources

Pandemic

CFPB Supervisory Statement
Statement Regarding Remittance Rule in Light of Covid-19 - NEW

Interagency Statement on Appraisals and Evaluations for RE Transactions - NEW

Statement on HMDA Reporting and Coronavirus

Final Rules
Federal Reserve Issues Interim Rule for Regulation O - NEW

Interim Rule on Real Estate Appraisals - NEW

Reserve Requirements Final Rule Issued

Federal Reserve Revises IORR and IOER

Proposal
Debt Collection Practices Proposal

Request for Information
Request for Information on FDIC Sign and Advertising Requirements

FDIC
FFIEC Federal Disclosure Computation Tools - NEW