Compliance FDIC Industry Taxes 
CFPB Monitor
MARCH 24, 2020
The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).
CFPB Monitor
SEPTEMBER 2, 2016
The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.
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CFPB Monitor
SEPTEMBER 2, 2016
The request was made in a letter to the CFPB, the Fed, the FDIC, the OCC, and the NCUA (Agencies). ” The trade groups note that it was not until last week, on August 26, 2016, that the DoD published in the Federal Register an interpretive rule to provide guidance regarding compliance with the July 2015 final rule.
Independent Banker
AUGUST 26, 2015
Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. Electronic signatures help banks build a mobile strategy, says Miles Kelly, vice president of industry marketing for San Francisco-based DocuSign Inc. “E-signing Fewer errors.
Independent Banker
SEPTEMBER 22, 2015
In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas. taxes and insurance.
CFPB Monitor
SEPTEMBER 8, 2016
The Department of Defense (DoD) has issued an interpretive rule to assist the industry in complying with its July 2015 final rule amending the Military Lending Act’s implementing regulation. On September 20, 2016, from 12 p.m. ” More information about the webinar and the registration form is available here.
PYMNTS
APRIL 17, 2018
But the reality of the FinServ regulatory environment is more complicated, said Keegan Peterson, founder and CEO of Wurk , a company that provides HR services to highly regulated industries, including the cannabis sector. Our unbanked customers use our system to calculate payroll and taxes — and then they have to remit in cash.
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