August 2022 Compliance Monthly Newsletter

By Compliance, Compliance Monthly Newsletter

The FDIC is issued a statement, adding a new Question and Answer (Q&A), and updating public information on the Banker Resource Center Brokered Deposits Page, to remind FDIC-insured depository institutions (IDIs) that deposits swept from broker dealers with a primary purpose exception to unaffiliated IDIs must be reported as brokered if there are any additional third parties involved that qualify as a deposit broker.

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July 2022 Compliance Monthly Newsletter

By Compliance, Compliance Monthly Newsletter

The OCC published its Semiannual Risk Perspective in June. The publication addresses key issues facing banks, focusing on those that pose threats to the safety and soundness of banks and their compliance with applicable laws and regulations. The five main areas addressed in the report include: the operating environment, bank performance, special topic, trends in key risks, and supervisory actions.

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March 2022 Compliance Monthly Newsletter

By Compliance, Compliance Monthly Newsletter

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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