
On May 5, 2022, the joint proposal from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency was released.
Compliance Monthly is intended to keep you informed of regulatory changes in advance of their effective date. With current information, your institution can prepare the necessary policies, procedures, and processes and be compliant at the time of enactment.
Regulatory Compliance Calendar | |||||||
May 2022 | |||||||
Date Published | Implementing Regulation | Effective Date | Rule Type* | Description/Hyperlink | Affected Department | Manager Responsible | Action Taken |
April 7, 2022 | FDI Act Section 39 o Part 364 (including Appendices A and B) safety and soundness standards for all FDIC–supervised institutions | April 7, 2022 | Letter | Notification of Engaging in Crypto-Related Activities | |||
March 29, 2022 | Incident Response Requirements | Effective date: April 1, 2022; Compliance date: May 1, 2022. | Final Rule | Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers | |||
March 16, 2022 | OCC SAR Regulations | May 1, 2022 | Final Rule | OCC Final Rule Addressing Authority for Exemptions to SAR Requirements | |||
February 22, 2022 | ECOA/Regulation B | NA | Interagency Statement | Fair Lending: Interagency Statement on Special Purpose Credit Programs | |||
February 17, 2022 | NCUA PCA Regulations | These temporary modifications will remain in place until March 31, 2023. | Interim Final Rule | Prompt Corrective Action: Earnings Retention Waivers and Net Worth Restoration Plans | |||
February 16, 2022 | OFAC | February 16, 2022 | Rule | Chinese Military-Industrial Complex Sanctions Regulations | |||
January 21, 2022 | FDIC 12 CFR Part 330 | April 1, 2024 | Final | FDIC Approves Final Rule Regarding Deposit Insurance Simplification | |||
December 30, 2021 | Community Reinvestment Act | January 1, 2022 | Final | OCC’s CRA: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds | |||
December 27, 2021 | OFAC | December 27, 2021 | Final | Weapons of Mass Destruction Trade Control Regulations | |||
December 23, 2021 | Bank Secrecy Act | December 23, 2021 | Final | Bank Secrecy Act Regulations-Reports of Foreign Financial Accounts Civil Penalties | |||
December 17, 2021 | Community Reinvestment Act | January 1, 2022 | Final | FRB and FDIC Annual Asset-size Thresholds under CRA | |||
December 14, 2021 | Community Reinvestment Act | January 1, 2022 | Final | OCC Rescinds its 2020 Community Reinvestment Act Rule | |||
December 8, 2021 | Regulation Z (LIBOR Sunset) | 1-Apr-22 | Final | Final Rule on Facilitating the LIBOR Transition (Regulation Z) | |||
November 30, 2021 | Truth in Lending Act Section 129H | January 1, 2022 | Final | Appraisals for Higher-Priced Mortgage Loans Exemption Threshold | |||
November 30, 2021 | Consumer Leasing (Regulation M) | January 1, 2022 | Final | Regulation M Dollar Threshold Adjustments | |||
November 30, 2021 | Truth in Lending (Regulation Z) | January 1, 2022 | Final | Regulation Z Dollar Threshold Adjustments | |||
November 26, 2021 | OFAC Laws and Regulations | November 26, 2021 | Final | Syrian Sanction Regulations | |||
November 10, 2021 | FCRA | November 10, 2021 | Advisory Opinion | CFPB Advisory Opinion on Fair Credit Reporting; Name-Only Matching Procedures | |||
October 27, 2021 | Interagency Guidelines for Real Estate Lending Policies | November 26, 2021 | Final | Final Rulemaking to Amend the Real Estate Lending Standards | |||
October 26,2021 | Community Reinvestment Act | NA | FAQ | Community Reinvestment Act: Frequently Asked Questions Regarding Notice of Proposed Rulemaking to Rescind the OCC’s June 2020 CRA Rule | |||
October 7, 2021 | HUD Rule | November 8, 2021 | Interim Final | Extension of Time and Required Disclosures for Notification of Nonpayment of Rent | |||
October 4, 2021 | FDCPA | NA | FAQ | Debt Collection Rule FAQs | |||
September 8, 2021 | Regulation D Part 204 | September 8, 2021 | Final Rule | Regulation D: Reserve Requirements of Depository Institutions Amendment | |||
August 5, 2021 | 12 CFR Part 7 | August 5, 2021 | Final Rule | National Banks and Federal Savings Associations as Lenders | |||
August 5, 2021 | Regulation Z | Immediate | Interpretive Rule | Truth in Lending (Regulation Z); Impact of the 2021 Juneteenth Holiday on Certain | |||
July 29,2021 | Regulatory Capital Treatment of Capital Instruments | NA | FAQ | Capital and the LIBOR Transition | |||
July 22, 2021 | UDAP | July 22, 2021 | Final | FTC Revisions to Rules of Practice | |||
July 6, 2021 | OFAC | July 6, 2021 | Final | International Criminal Court-Related Sanctions Regulations | |||
June 30, 2021 | Anti-Money Laundering Act of 2020 | Within 180 days of the establishment of the AML/CFT Priorities, FinCEN is to issue regulations | Interagency Statement | Interagency Statement on the Issuance of the Anti-Money Laundering/Countering the Financing of Terrorism National Priorities | |||
June 28, 2021 | Regulation X/RESPA | August 31, 2021 | Final | Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act, Regulation X | |||
June 16, 2021 | Military Lending Act | June 16, 2021 | Interpretive | Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents | |||
June 4, 2021 | Regulation E | NA | FAQ | Electronic Fund Transfers FAQs | |||
June 4, 2021 | Mortgage Servicing Rule, Regulation X and Regulation Z | NA | FAQ | Mortgage Servicing FAQs | |||
June 4, 2021 | Regulation D | 29-Jul-21 | Final | Regulation D: Reserve Requirements of Depository Institutions | |||
May 1, 2021 | TRID-RESPA Integrated Dislcosure Rule | NA | FAQ | TRID-RESPA Integrated Disclosure FAQ on Housing Assistance Loans | |||
April 27, 2021 | Regulation Z – QM | DELAYED until October 1, 2022 | Final Rule | QM Definitions Final Rule | |||
April 16, 2021 | NCUA PCA Regulations | Temporary measures in place until March 31, 2022 | Interim Final Rule (Modification of May 28, 2020 Interim Rule) | Temporary Regulatory Relief in Response to COVID-19 – Prompt Corrective Action | |||
April 9, 2021 | Supervisory Guidance on Model Risk Management | NA | Guidance | Interagency Statement on Model Risk Management for Bank Systems Supporting Bank | |||
March 16,2021 | Equal Credit Opportunity Act (Regulation B) | March 16,2021 | Interpretive Rule | Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual | |||
March 17, 2021 | OFAC – 86 FR 14534 | March 17, 2021 | Final | OFAC Inflation Adjustment of Civil Monetary Penalties | |||
February 25, 2021 | Telephone Consumer Protection Act of 1991 | Effective March 29, 2021 except for the amendments to Sec. 64.1200(a)(3)(ii) through (v), (b)(2) and (b)(3), and (d), which are delayed indefinitely. | Final | Limits on Exempted Calls Under the Telephone Consumer Protection Act of 1991 | |||
February 18, 2021 | NCUA Share Insurance | 30 days after publication in FR | Final | NCUA Board Approves Joint-Ownership Share Accounts Final Rule | |||
February 17, 2021 | Regulation Z | February 17, 2021 | Final | Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z) | |||
February 17, 2021 | Regulation O | February 17, 2021 | Interim Final Rule | Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks | |||
February 16, 2021 | CECL | April 1, 2021 | Final | Final Rule to Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses (CECL) Methodology | |||
February 10, 2021 | Regulation D | March 12, 2021 | Final | Regulation D: Reserve Requirements of Depository Institutions | |||
January 19, 2021 | FinCEN | January 19, 2021 | FAQ | FAQs Regarding Suspicious Activity Reporting and Other Anti-Money Laundering (AML) Considerations | |||
January 19, 2021 | FDIC Guidelines for Appeals of Material Supervisory Determinations | TBD | Revised Guidelines | Revised Guidelines for Appeals of Material Supervisory Determinations | |||
January 19, 2021 | Interagency Statement Clarifying the Role of Supervisory Guidance | FRB Finalized 3/31/2021. OCC and CFPB rules effective March 15, 2021. The NCUA rule effective March 5, 2021. | Final Rule | Role of Supervisory Guidance | |||
January 19, 2021 | Regulation Z, 12 CFR part 1026 | Upon publication in FR | Final Rule | HPML Escrow Exemption Rule | |||
January 14, 2021 | Title III of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 | 4/1/2021 **PAUSED** | Final Rule | OCC Rule Requiring Large Banks to Provide Fair Access to Bank Services, Capital, and Credit | |||
OCC Fair Access Rule Paused | |||||||
December 31, 2020 | Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 | January 1, 2021, for conduct occurring on or after November 2, 2015 | Final Rule | OCC Notification of Inflation Adjustments for Civil Money Penalties | |||
December 23, 2020 | Regulation D | March 24, 2020 (Per Interim Final Rule) | Final Rule | Regulation D: Reserve Requirements of Depository Institutions | |||
December 22, 2020 | HMDA | January 1, 2021 | Rule | Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold | |||
December 22, 2020 | Regulation Z | January 1, 2021 | Rule | Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold | |||
December 22, 2020 | Regulation O | Extended January 1, 2021 expiration date | Revised Statement | Revised Statement Regarding Status of Certain Investment Funds and Their Portfolio Investements For Purposes of Regulation O | |||
December 22, 2020 | SEC 17 CFR Part 275 and 279 | 60 days after publication in FR. Mandatory compliance date is July 1, 2021 | Final Rule | SEC Investment Adviser Marketing | |||
December 22, 2020 | Subpart A—National Banks and Federal Savings Association Powers Activities That Are Part of, or Incidental to, the Business of Banking (New § 7.1000) | April 1, 2021 | Final Rule | Activities and Operations of National Banks and Federal Savings Associations | |||
December 21, 2020 | Regulation B – Special Purpose Credit Programs | December 21, 2020 | Advisory Opinion | Regulation B – Special Purpose Credit Programs | |||
December 20, 2020 | Regulation F – Debt Collection Practices | November 30, 2021 | Final Rule | CFPB Debt Collection Practices | |||
December 18, 2020 | 12 U.S.C. § 25b | December 18, 2020 | Interpretive Letter | Federal Pre-emptions Standards – OCC Chief Counsel’s Interpretation: 12 U.S.C. § 25b | |||
December 17, 2020 | Community Reinvestment Act | January 1, 2021 | Joint Final Rule | Community Reinvestment Act Regulations Annual Adjustment | |||
December 15, 2020 | Nacha Rules | June 30, 2021 | Rule | Nacha Rule Enforcing Egregious Violations | |||
December 15, 2020 | Section 29 of the Federal Deposit Insurance Act | Effective April 1, 2021; full compliance with the revised brokered deposit regulation extended to January 1, 2022. | Final Rule | Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions | |||
December 11, 2020 | FinCEN Notice 2019-1 | Filing requirements extended until April 15, 2021 | Further Extension | FBAR Extended Filing Date | |||
December 10, 2020 | USA PATRIOT Act Section 314(b) | December 10, 2020 | Fact Sheet | FinCEN Issues New 314(b) Fact Sheet | |||
December 10, 2020 | Regulation Z – QM | DELAYED until October 1, 2022 | Final Rule | QM Definitions Final Rule | |||
November 30, 2020 | FDCPA | November 31, 2021 | Final Rule and Official Interpretation | Debt Collection Practices (Regulation F) | |||
November 23, 2020 | Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act | April 1, 2021 | Final Rule | Activities and Operations of National Banks and Federal Savings Associations | |||
November 20, 2020 | COVID Rules | April 1, 2021 | Interim Final Rule | Temporary Asset Thresholds | |||
November 19, 2020 | Board’s assessment rule, Regulation TT, pursuant to Section 318 of the Dodd-Frank Act | December 19, 2020 | Final Rule | Supervision and Regulation Assessments of Fees for Bank Holding Companies and Savings and Loan Holding Companies with Total Consolidated Assets of $100 Billion or More | |||
November 16, 2020 | 12 CFR part 5 (OCC’s Rules, Policies, and Procedures for Corporate Activities) | January 1, 2021 | Final Rule | OCC Licensing Amendments | |||
November 13, 2020 | Branch Application Requirements | December 14, 2020 | Final Rule | FDIC Branch Application Amendments | |||
November 12, 2020 | NCUA’s corporate credit union regulation | December 14, 2020 | Final Rule | Corporate Credit Unions | |||
November 6, 2020 | LIBOR Discontinuance | NA | Interagency Statement | Interagency Statement on LIBOR Transition | |||
October 30, 2020 | National Flood Insurance Act | 2-Dec-20 | Final | Revisions to Publication Requirements for Community Eligibility Status Information Under the National Flood Insurance Program | |||
October 27, 2020 | 12 U.S.C. 85 | 60 days after Publication in FR | Final | OCC Issues “Final Lender” Rule | |||
October 27, 2020 | Cuban Assets Control Regulations | 26-Nov-20 | Rule | Cuban Assets Control Regulations | |||
October 26, 2020 | TLAC Rule/Regulatory Capital Treatment Requirements | April 1, 2021 | Final | Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies, and Global Systemically Important Foreign Banking Organizations; Total-Loss Absorbing Capacity Requirements | |||
October 23, 2020 | CARES Act/MMLF Rules | Thru December 31, 2021 | Interim Final | Applicability of Annual Independent Audits and Reporting Requirements for Fiscal Years Ending in 2021 | |||
October 20, 2020 | Regulation Z (ATR/QM Rule) | 28-Dec-20 | Final | Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): Extension of Sunset Date | |||
October 5, 2020 | Dodd-Frank Act | October 8, 2020 | Statement of Policy | Statement of Policy on Applications for Early Termination of Consent Orders | |||
September 30, 2020 | CARES Act/CECL-Accounting Standards Update No. 2016-13 | September 30, 2020 | Final Rule | Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances | |||
September 29, 2020 | Real Estate Appraisal Rule | Through December 31, 2020 | Temporary Final | Real Estate Appraisals | |||
September 29, 2020 | Regulatory Capital Rule and the Liquidity Coverage Ratio (LCR) Rule | 60 days after publication in FR | Temporary Final | Treatment of Certain Emergency Facilities in the Regulatory Capital Rule and the Liquidity Coverage Ratio Rule | |||
September 24, 2020 | Cuban Assets Control Regulation | September 24, 2020 | Amendment | Cuban Assets Control Regulation | |||
September 24, 2020 | Cuban Assets Control Regulation | NA | FAQ | Cuban Assets Control Regulation FAQ | |||
September 21, 2020 | NA | NA | Interpretive Letter | https://www.occ.gov/topics/charOCC Chief Counsel’s Interpretation on National Bank and Federal Savings Association Authority to Hold Stable coin Reserves | |||
September 18, 2020 | FEMA Disaster Declaration | September 18, 2020 | Guidance | Oregon Wildfire Regulatory Relief | |||
September 15, 2020 | FinCEN | Effective date is November 16, 2020. The compliance date is March 15, 2021. | Final Rule | FinCEN Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator | |||
September 11, 2020 | SEC Industry Guide 3, Statistical Disclosure by Bank Holding Companies | Effective 30 days after publication in FR, except for the rescission to 17 CFR 229.801(c) and 229.802(c), which will be effective on January 1, 2023 | Final Rule | SEC Modernizes Disclosures for Banking Registrants | |||
September 3, 2020 | Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 | October 5, 2020 | Interim Final Rule | Inflation Adjustment of Civil Monetary Penalties Related to Reporting and Recordkeeping | |||
August 26, 2020 | CECL Accounting Rules | Various | Final Rule | Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances | |||
August 26, 2020 | Capital Rules | January 1, 2021 | Final Rule | Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income | |||
August 26, 2020 | EGRRCPA/CARES Act | October 1, 2020 | Final Rule | Regulatory Capital Rule: Temporary Changes to and Transition for the Community Bank | |||
August 21, 2020 | FinCEN’s 2016 CDD Final Rule | August 21, 2020 | Joint Statement | Joint Statement on Bank Secrecy Act Due Diligence Requirements for Customers | |||
August 18, 2020 | Bank Secrecy Act | August 18, 2020 | Enforcement Statement | Financial Crimes Enforcement Network (FinCEN) Statement on Enforcement of the Bank Secrecy Act | |||
August 13, 2020 | Section 8(s) FDIA/Section 206(q) of the FCUA | August 13, 2020 | Joint Statement | Joint Statement on Enforcement of Bank Secrecy Act/ Antimoney Laundering Requirements | |||
August 11, 2020 | CARES Act | NA | FAQ | Paycheck Protection Program Forgiveness FAQ | |||
August 11, 2020 | Payday Lending Rule | NA | FAQ | Payday Lending Rule FAQs | |||
August 4, 2020 | Collective Investment Fund Rules | 30 day after publication in FR | Interim Final Rule | OCC Issues Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds, Eases Impact of COVID-19 | |||
August 4, 2020 | CARES Act | NA | FAQ | Frequently Asked Questions (FAQs) on PPP Loan Forgiveness | |||
August 3, 2020 | 31 U.S.C § 5318(h) and 31 CFR § 1010.210 | NA | FAQ | Frequently Asked Questions Regarding Customer Due Diligence (CDD) Requirements for Covered Financial Institutions | |||
July 31, 2020 | HMDA | NA | FAQ | Home Mortgage Disclosure Act FAQs | |||
July 30, 2020 | NA | NA | Advisory | Advisory on Cybercrime and Cyber-Enabled Crime Exploiting the Coronavirus Disease 2019 (COVID-19) Pandemic | |||
July 30, 2020 | NCUA 12 CFR Part 701 | 30 day after publication in FR | Final | NCUA Chartering and Field of Membership | |||
July 24,2020 | Section 19 FDIA | 30 day after publication in FR | Final | Incorporation of Existing Statement of Policy Regarding Requests for Participation in the Affairs of an Insured Depository Institution by Convicted Individuals | |||
July 24,2020 | FOIA Rules | 30 day after publication in FR | Final Rule | Rules Regarding Availability of Information (FOIA) | |||
July 22, 2020 | Section 27 FDIA | August 21, 2020 | Final Rule | Federal Interest Rate Authority | |||
July 20, 2020 | National Flood Insurance Program | October 1, 2021 | Final Rule | National Flood Insurance Program: Conforming Changes To Reflect the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12) and the Homeowners Flood Insurance Affordability Act of 2014 (HFIAA), and Additional Clarifications for Plain Language | |||
July 20, 2020 | Regulation Z | January 1, 2021 | Final Rule | Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages) | |||
July 16, 2020 | Regulation O/Loans to Insiders Section 215.3 | Effective July 16, 2020. Comments on interim final rule must be received by August 31, 2020. | Interim Final Rule | Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Regulation O | |||
July 14, 2020 | OCC Employment Contracts Rule | August 13, 2020 | Final Rule | Employment Contracts, Mutual to Stock Conversions | |||
July 7, 2020 | BSA AML | NA | Advisory | Advisory on Imposter Scams and Money Mule Schemes Related to Coronavirus Disease 2019 (COVID-19) | |||
July 7, 2020 | 2017 Final Rule on Payday Lending | October 20, 2020 | Final Rule | Payday, Vehicle Title, and Certain High-Cost Installment Loans | |||
July 7, 2020 | 2017 Final Rule on Payday Lending | October 20, 2020 | FAQ | Payday Lending Rule FAQs | |||
July 7, 2020 | 2017 Final Rule on Payday Lending | October 20, 2020 | Guide | Updated Payday Lending Small Entity Compliance Guide | |||
July 1, 2020 | LIBOR Discontinuance | Discontinued as of 1/1/2021 | Joint Statement | Financial Regulators Issue Statement on Managing the LIBOR Transition | |||
June 30, 2020 | OCC Supervision | NA | OCC Handbook | OCC Handbook on Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices | |||
June 29, 2020 | Bank Secrecy Act | June 29, 2020 | Guidance | FinCEN Guidance Regarding Due Diligence Requirements under the Bank Secrecy Act for Hemp-Related Business Customers | |||
June 26, 2020 | Swaps Margin Rule | September 1, 2021 (Extended due to COVID-19) | Interim Final Rule | Margin and Capital Requirements for Covered Swap Entities | |||
June 26, 2020 | Section 13 of the Bank Holding Company Act | October 1, 2020 | Final Rule | Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds | |||
June 25, 2020 | Section 27 of the FDIA | 30 days from publication in FR | Final Rule | Federal Interest Rate Authority | |||
June 24, 2020 | HMDA | June 24, 2020 | Interpretive Rule | Truth in Lending (Regulation Z); Determining “Underserved” Areas Using Home Mortgage Disclosure Act Data | |||
June 24, 2020 | HMDA | NA | Information | FFIEC Announces Availability of 2019 Data on Mortgage Lending | |||
June 24, 2020 | NA | NA | Information | 2020 list of distressed or underserved nonmetropolitan middle-income geographies, | |||
June 23, 2020 | Regulation Z | On Publication | Interpretive Rule | Truth in Lending (Regulation Z); Determining “Underserved” Areas Using Home Mortgage Disclosure Data | |||
June 23, 2020 | Regulation X/CARES ACT | July 1, 2020 | Interim Final Rule | CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships | |||
June 22, 2020 | National Bank Act and the Home Owners’ Loan Act | Assessments to be paid 9/30/20 | Interim Final Rule | OCC Interim Final Rule Reduces Assessments in Response to COVID-19 | |||
June 18, 2020 | National Flood Insurance Act | NA | Manual Update | FDIC Enforcement Actions Manual for Flood Insurance Civil Money Penalties | |||
June 18, 2020 | Regulation E | July 21, 2020 | Compliance Guide | Remittance Transfers Small entity compliance guide | |||
June 17, 2020 | Riegle–Neal Interstate Banking and Branching Efficiency Act of 1994 (IBBEA) | NA | Information | Prohibition Against Interstate Deposit: Annual Host State Loan-to-Deposit Ratios | |||
June 16, 2020 | CARES Act | NA | FAQ | Consumer Reporting FAQs Related to the | |||
June 11, 2020 | Executive Order 13928 | Immediate | Executive Order | Blocking Property of Certain Persons Associated With the International Criminal Court | |||
June 9, 2020 | TRID | NA | Fact Sheet | Factsheet: TRID Title Insurance Disclosures | |||
June 9, 2020 | TRID | NA | FAQ | Corrected Closing Disclosures and the Three Business Day Waiting Period before Consummation | |||
June 8, 2020 | OFAC/Executive Order 13902 | Immediate | FAQ | Imposing Sanctions With Respect to Additional Sectors of Iran FAQ | |||
June 3, 2020 | Regulation Z (12 CFR part 1026) | NA | Statement | Statement on Supervisory and Enforcement Practices Regarding Electronic Credit Card Disclosures in Light of the COVID-19 Pandemic | |||
June 3, 2020 | BSA | Immediate | Information | Electronic Filing of CMIR FinCEN Form 105 Now Permitted | |||
May 29, 2020 | 12 CFR Parts 7 and 160 | 60 days after publication in FR | Final Rule | Permissible Interest on Loans that are Sold, Assigned, or Otherwise Transferred | |||
May 26, 2020 | 12 CFR 5.21 | 28-May-20 | Interim Final Rule | Director, Shareholder, and Member Meetings: Interim Final Rule | |||
May 20, 2020 | NA | May 20, 2020 | Guidance | Interagency Lending Principles for Offering Responsible Small-Dollar Loans | |||
May 20, 2020 | Community Reinvestment Act (OCC) | Effective October 1, 2020, with a compliance date of January 1, 2023. Small banks and ISBs have until January 1, 2024, to comply with requirements on assessment area, data collection and recordkeeping | Final Rule | OCC’s Community Reinvestment Act Regulations | |||
Examples of activities that would qualify under 12 CFR | |||||||
May 14, 2020 | Regulation D Reserve Requirements | NA | FAQ | Savings Deposits Frequently Asked Questions | |||
May 14, 2020 | ECOA | NA | FAQ | https://files.consumerfinance.gov/f/documents/cfpb_ecoa-valuation_transaction-coverage-factsheet.pdf | |||
May 12, 2020 | Regulation C, 12 CFR part 1003 | July 1, 2020 | Final Rule | Home Mortgage Disclosure (Regulation C) | |||
May 11, 2020 | Regulation E | July 21, 2020 | Final Rule | Consumer Financial Protection Bureau Issues Final Remittance Rule | |||
May 10, 2020 | Accounting Standards Codification (ASC) Topic 326, Financial Instruments – Credit Losses (FASB ASC Topic 326) | Upon Publication in Federal Register | Final Interagency Guidance | Interagency Policy Statement on Allowances for Credit Losses | |||
May 10, 2020 | Interagency Guidelines Establishing Standards for Safety and Soundness | Upon Publication in Federal Register | Final Guidance | Interagency Guidance on Credit Risk Review Systems | |||
May 5, 2020 | Federal Reserve Act; LCR Rule | The interim final rule is effective May 6, 2020. Comments on the interim final rule must be received no later than June 5, 2020. | Interim Final Rule | Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities | |||
May 1, 2020 | Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations | July 1, 2021, and January 1, 2022 | Final Rule | Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking | |||
May 1, 2020 | ECOA | NA | FAQ | https://files.consumerfinance.gov/f/documents/cfpb_ecoa-valuation_delivery-of-appraisals-factsheet.pdf | |||
April 30, 2020 | Cloud Computing | NA | Joint Statement | Joint Statement – Security in a Cloud Computing Environment | |||
April 27, 2020 | Section 19 of the Federal Reserve Act, 12 CFR Part 204 | Immediate | Interim Final Rule | Regulation D: Reserve Requirements of Depository Institutions | |||
April 23, 2020 | NCUA 12 CFR Parts 702 and 723 | Date of publication in FR | Interim Final Rule | Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck | |||
April 22, 2020 | CECL-Joint Agencies | Date of publication in FR | Interim Final Rule | Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses | |||
April 22, 2020 | 12 CFR 215 (Regulation O) | April 22, 2020 | Interim Final Rule | Temporary Relief for Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks | |||
April 16, 2020 | 12 CFR Part 1003 (HMDA) | July 1, 2020 | Final Rule | Home Mortgage Disclosure (Regulation C) | |||
April 14, 2020 | Freddie Mac Form 65 and Fannie Mae Form 1003 | March 1, 2021 | Extended | Extended URLA Implementation Timeline | |||
April 14, 2020 | Appraisal Rules – Joint Agencies | Date of publication in FR through December 31, 2020 | Interim Final Rule | Real Estate Appraisals | |||
April 14, 2020 | NCUA 12 CFR Part 725 | 60 days after publication in FR | Interim Final Rule | Central Liquidity Facility | |||
April 13, 2020 | 12 CFR Part 1005 (Regulation E) | NA | Interpretive Rule | Treatment of Pandemic Relief Payments Under Regulation E and Application of the | |||
April 9, 2020 | OFAC 85 FR 19884 | April 9, 2020 | Final Rule | Inflation Adjustment of Civil Monetary Penalties | |||
April 7, 2020 | SEC Exchange Act Rule 15l-1 | June 30, 2020 | Risk Alert | Examinations that Focus on Compliance with Regulation Best Interest | |||
April 7, 2020 | SEC Securities Exchange Act of 1934; Investment Advisers Act of 1940 | June 30, 2020 | Risk Alert | Examinations that Focus on Compliance with Form CRS | |||
April 6, 2020 | Section 19 of the Federal Reserve Act, 12 CFR Part 204 | NA | FAQ | Reserves Central—Reserve Account Administration Application Frequently Asked Questions | |||
April 1, 2020 | Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) | Immediate | Supervisory Statement | Statement on Supervisory and Enforcement Practices Regarding the Fair Credit | |||
April 1, 2020 | Supplementary Leverage Ratio Rule | 4/1/2020 through 3/31/2021 | Interim Final Rule | Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at | |||
April 1, 2020 | National Flood Insurance Program (NFIP) | Various based on community | Final rule | Suspension of Community Eligibility | |||
March 31,2020 | FRB Regulation Y and Regulation LL | March 30, 2020 | Final – Delayed | Control and Divestiture Proceedings Delayed | |||
March 27, 2020 | CARES Act/CECL-Accounting Standards Update No. 2016-13 | March 27, 2020 through December 31, 2020 | Interim Final Rule | Joint Statement on the Interaction of Regulatory Capital Rule: Revised Transition of the | |||
March 30, 2020 | Community Bank Leverage Ratio (CBLR) Rule | March 31, 2020 | Joint Statement | Joint Statement on Adjustment to the Calculation for Credit Concentration Ratios | |||
March 24, 2020 | Part II of the Federal Reserve Policy on Payment System Risk | 10/1/2020 (Originally 4/1/2020) | Policy Change Delay | FRB announces implementation delay for changes to its Payment System Risk Policy regarding intraday credit | |||
March 23, 2020 | Money Market Mutual Fund Liquidity Facility (MMLF), pursuant to section 13(3) of the Federal Reserve Act | March 23, 2020 | Interim Final Rule | Regulatory Capital Rule: Money Market Mutual Fund Liquidity Facility | |||
March 22, 2020 | OCC’s STIF Rule | March 23, 2020 | Interim Final Rule | OCC Revises Short-Term Investment Fund Rule | |||
March 19, 2020 | NACHA Operating Rules | April 20, 2020 | Final Rule | Federal Government Participation in the Automated Clearing House | |||
March 18, 2020 | Comprehensive Capital Analysis and Review (CCAR) | May 18, 2020 | Final Rule | Regulations Q, Y, and YY: Regulatory Capital, Capital Plan, and Stress Test Rules | |||
March 10, 2020 | International Emergency Economic Powers Act | March 10, 2020 | Final Rule | Removal of Terrorism Sanctions Regulations | |||
March 9, 2020 | FATF | NA | Guidance | FATG Guide to Digital Identity | |||
March 5, 2020 | Supplement OCC Bulletin 2013-29, “Third-Party Relationships: Risk Management Guidance” | NA | FAQ | Third-Party Relationships: Frequently Asked Questions to Supplement OCC Bulletin 2013-29 | |||
March 4, 2020 | Securitization Safe Harbor Rule | May 4, 2020 | Final Rule -Amendment | Securitization Safe Harbor Rule | |||
February 28, 2020 | Military Lending Act | February 28, 2020 | Interpretive Rule | Military Lending Act Limitations on Terms of Consumer Credit Extended to Service Members and Dependents | |||
February 19, 2020 | Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 | February 19, 2020 | Final Rule | FinCEN Adjusts Penalty Caps | |||
February 13, 2020 | Regulation C | Effective January 1, 2020 for data collected in 2020 and reported in 2021. | Guidance | Home Mortgage Disclosure Act (HMDA): FFIEC Issues 2020 Version of A Guide to HMDA Reporting: Getting It Right! | |||
February 10, 2020 | CTR FinCEN Form 112 | April 6, 2020 | Ruling | FinCEN CTR (Form 112) Reporting of Certain Currency Transactions for Sole Proprietorships and Legal Entities Operating Under a “Doing Business As” (“DBA”) Name | |||
January 31, 2020 | FRB Regulation Y and Regulation LL | 4/1/2020 Delayed | Final Rule | Control and Divestiture Proceedings | |||
January 28, 2020 | IRS Regulation Section 163(h)(3)(E) | Tax Year 2020 | Guidance | Changes to the Deductibility of Mortgage Insurance Premiums (MIP) | |||
January 27, 2020 | Section 1031(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) | January 24, 2020 | Policy Statement | Statement of Policy Regarding Prohibition on Abusive Acts or Practices | |||
January 22, 2020 | National Flood Insurance Program (NFIP) | Various | Final Rule | Suspension of Community Eligibility | |||
January 14, 2020 | Federal Civil Penalties Inflation Adjustment Act of 1990 | January 15,2020 | Final Rule | Civil Penalty Inflation Adjustments | |||
January 2, 2020 | Rev. Proc. 2019-46 | January 1, 2020 | Final Rule | IRS issues standard mileage rates for 2020 | |||
January 2, 2020 | Chapter 3 of subtitle A of the Internal Revenue Code | January 2, 2020 | Final Rule | Regulations Relating to Withholding and Reporting Tax on Certain U.S. Source Income Paid to Foreign Persons | |||
December 27, 2019 | Joint Agencies | NA | Interagency Statement | Treatment of Extensions of Credit to Certain Investment Funds and Their Portfolio Investments Under 12 CFR 215 and 12 CFR 363: Interagency Statement | |||
December 23, 2019 | CFPB | January 1, 2020 | Final Rule | Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold | |||
December 20, 2019 | CFPB | January 1, 2020 | Final Rule | Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold | |||
December 13, 2019 | Joint Agencies | 4/1/2020 | Final Rule | High Volatility Commercial Real Estate: Final Rule | |||
December 3, 2019 | Joint Agencies | NA | Interagency Statement | Consumer Compliance: Interagency Statement on the Use of Alternative Data in Credit Underwriting | |||
December 3, 2019 | Joint Agencies | NA | Interagency Statement | Bank Secrecy Act/Anti-Money Laundering: Joint Statement on Providing Financial Services to Customers Engaged in Hemp-Related Businesses | |||
November 27, 2019 | FCRA | January 1, 2020 | Final Rule | FCRA Annual Adjustments | |||
November 27, 2019 | NA | January 2, 2020 | Notice | Federal Reserve Board Approves Fee Schedule for Federal Reserve Bank Priced Services | |||
November 20, 2019 | Section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act | April 1, 2020 | Final Rule | Regulatory Capital Rules: Revised Definition of a High Volatility Commercial Real Estate (HVCRE) Exposure | |||
November 20, 2019 | Regulation D Reserve Requirements | January 1, 2020 | Annual Notice | Federal Reserve Board Announces Annual Indexing of Reserve Requirement Exemption Amount and of Low Reserve Tranche for 2020 | |||
November 19, 2019 | Section 402 of the Economic Growth, Regulatory Relief, and Consumer Protection Act | April 1, 2020 | Final Rule | Regulatory Capital Rule: Revisions to the Supplementary Leverage Ratio to Exclude | |||
November 19, 2019 | 12 CFR Parts 3 and 32; 12 CFR Part 217; 12 CFR Part 324 | Effective 4/1/2020. Mandatory compliance 1/1/2022 | Final Rule | Standardized Approach for Calculating the Exposure Amount of Derivative | |||
November 4, 2019 | 12 CFR Part 324 (Regulatory Capital Rules) | Revised effective date of 1/1/2020 election or wait until the quarter beginning 4/1/2020 | Revised Rule | Revised Effective Date for Simplifications to the Capital Rule | |||
November 4, 2019 | Section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act | January 1, 2020 | Final Rule | Community Bank Leverage Ratio Framework | |||
October 30, 2019 | TILA | January 1, 2020 | Amendment | Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustment | |||
October 30, 2019 | TILA | January 1, 2020 | Amendment | Truth in Lending (Regulation Z) Threshold Adjustments | |||
October 30, 2019 | TILA | January 1, 2020 | Amendment | Consumer Leasing (Regulation M) Annual Threshold Adjustments | |||
October 29, 2019 | EGRRCPA | January 1, 2020 | Final Rule | Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking | |||
October 10, 2019 | Regulation C | January 20, 2020 | Final Rule | Home Mortgage Disclosure Act Final Rule | |||
October 8, 2019 | Bank Holding Company Act | Effective 1/1/2020 Compliance by 1/1/2021 | Final Rule | Agencies finalize changes to simplify Volcker rule | |||
September 27, 2019 | FIRREA Title XI as amended by the Dodd Frank Act | January 1, 2020 | Amendment | New Appraisal Threshold for Residential Real Estate Loans | |||
September 25, 2019 | Section 199A of IRS Code | Contemporaneous records requirement will not apply to taxable years beginning prior to January 1, 2020. | Rule | IRS Safe Harbor Rule for Rental Real Estate | |||
September 24, 2019 | Fair Labor Standards Act | January 1, 2020 | Final Rule | Final Rule: Overtime Update | |||
September 18, 2019 | Economic Growth, Regulatory Relief and Consumer Protection Act | Effective for March 2020 Call Report | Final Rule | FDIC Final Changes to Capital Rule | |||
August 30, 2019 | Truth in Caller ID Rules | February 5, 2020 | Amendment | FTC Amends Truth in Caller ID Rules | |||
August 20, 2019 | FDIC Rule Part 351 | Effective date of January 1, 2020, and a compliance date of January 1, 2021 | Final Rule | FDIC Approves Interagency Final Rule to Simplify and Tailor the “Volcker Rule” | |||
August 13, 2019 | FHFA | November 1, 2020 | Postponement | URLA February 1, 2020 Mandate Rescheduled; New Requirements Provided | |||
July 9, 2019 | Economic Growth, Regulatory Relief, and Consumer Protection Act | 10/1/2019 and 4/1/2020 | Final Rule | Agencies simplify regulatory capital rules | |||
July 3, 2019 | Regulation CC | Effective dates 9/3/2019 and 7/1/2020 | Final Rule | Availability of Funds and Regulation CC Final Rule | |||
Highlight reflects a change from the prior Regulatory Calendar. | |||||||
* Proposed Rules contain notices to the public of the proposed issuance of regulations, and they allow an opportunity for interested parties to provide input. The date in the calendar above is when public comments are due. | |||||||
Interim Rules are issued without prior notice and are effective immediately; the interim rule is designed to respond to an emergency situation and is usually followed by a final rule document which confirms that the interim rule is final. | |||||||
Interim Final Rules are final rules having the full force and effect of law. They allow stakeholders to submit comments the agency will consider before deciding whether to issue a revised final rule or confirm the interim final rule as final. | |||||||
Final Rules are federal agency final rules and regulations that have general applicability and legal effect. | |||||||
**Rulemaking Proposals generally do not have an effective date, except for the Dodd-Frank proposed regulations because Congress specified the effective date in the legislation. | |||||||
Guidance is issued by the various regulators. Although a bank cannot be cited for a violation of law for not complying; nevertheless, a regulator can enforce the guidance through other means. The agency guidance included in this calendar are those that have action dates. |
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On May 5, 2022, the joint proposal from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency was released.
consumer compliance examiners. As you prepare for your upcoming compliance examination, take some time to review these areas to ensure that you are prepared!
As I compose this article, I believe I can hear a collective sigh of relief as financial institutions throughout the land hit the ”submit” button and send their HMDA data out into the ethos! This time of year always comes with its HMDA stresses and anxieties. We hope that we can relieve that stress for the coming HMDA season by sharing some observations made during HMDA Season 2022!
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It’s a New Compliance Year!
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