Tag Archive for: Compliance Journal

Posts

Triangle Background
, ,

November 2023 WBA Compliance Journal

The November 2023 WBA Compliance Journal is now available. In this edition, the WBA Financial Crimes Committee shares their insights of recent fraud trends seen in Wisconsin. This edition also provides a summary of Treasury’s new procedure for paying Treasury Checks. Summaries of recently published agency rules, guidance, and notices may be found in the “regulatory spotlight” section. Be sure to read the “compliance notes” section for other important compliance-related updates for bankers, including new releases by FinCEN, OCC guidance regarding venture loans, Fannie and Freddie 2024 multi-family loan purchase caps, and new resources by FTC to report fraud, scams, and deceptive practices in multiple languages. The November edition also includes a listing of WBA programs from 2022 and 2023 that received CLE credit for attorneys from Wisconsin’s Board of Bar Examiners.

/by
, , ,

October 2023 WBA Compliance Journal

The October 2023 WBA Compliance Journal is now available. In this edition, WBA Legal provides a reminder of FinCEN’s BOI Reporting Rule which becomes effective January 2024 and lists resources made available by FinCEN. Also, as disbursements from escrows will begin shortly, readers can review an FAQ to freshen-up on state and federal escrow requirements. The “Regulatory Spotlight” section once again provides a summary of rules, proposals, and notices issued by federal agencies, and the “Compliance Notes” section reports on other important compliance-related updates for bankers, including new CFPB opinions and FRB’s latest Consumer Compliance Outlook regarding representment fees.

/by
Triangle Background
,

September 2023 Compliance Journal

As autumn arrives, so too does the September 2023 WBA Compliance Journal. In this edition, WBA Legal answers the frequently asked question of who signs a real estate mortgage and how to complete the WBA 428 Real Estate Mortgage. Within the “Regulatory Spotlight” section, bankers can review summaries of rules and notices recently published by various federal agencies. See the “Compliance Notes” section for important compliance-related updates, including a FinCEN alert regarding a new virtual currency investment scam, a reminder of a new resource meant to help banks handle check fraud claims more efficiently, and another update to FDIC’s Equal Housing Lender Poster.

/by
,

August 2023 Compliance Journal

The August 2023 WBA Compliance Journal is now available. In this edition, readers will find an article regarding the new tax exemption for banks that provide certain business- and agricultural-purpose loans to Wisconsin customers written by Jessica Schwantes, CPA and partner with Wipfli LLP, a WBA Silver Associate Member. Readers will also find an article regarding FTC’s recently updated guide concerning the use of endorsement and testimonials in advertising and of new WBA-created resources for members. The publication also includes a summary of recently published agency rules and notices, other important compliance-related updates for bankers, and a WBA Education Calendar which lists upcoming training events. Don’t miss out on seeing Tom Omdahl, vice president – BSA/compliance, Bank First as Morrie the Sea Creature from past BSA training videos as he shares his insights as a compliance officer.

/by
,

July 2023 Compliance Journal

The July 2023 WBA Compliance Journal is now available. In this edition, WBA Legal provides a recap of business-related provisions from the 2023–2025 Wisconsin Budget, also known as 2023 Wisconsin Act 19. The edition also includes a summary of the recently updated Policy Statement on Prudent CRE Loan Accommodations and Workouts released by supervisory agencies earlier this month, and a WBA Legal created FAQ regarding the state tax-exemption for income earned from certain business and ag purposes loans. The monthly publication also provides summaries of recently issued agency rules, guidance, and notices. Be sure to read the “compliance notes” section for other important compliance-related updates for bankers, including about the availability of ABA’s new online directory of bank contact information for the filing of a check warranty breach claim. The directory is available to ABA members and non-members.

/by
,

June 2023 Compliance Journal

The June 2023 WBA Compliance Journal is now available. In this edition, readers will find an article written by the Wisconsin State Bar and Office of Lawyer Regulation regarding 2023 amendments to lawyer trust account rules, effective July 1, 2023. The monthly publication also provides summaries of recently issued agency rules, guidance, and various notices. Be sure to read the “compliance notes” section for other compliance-related updates for bankers.
/by
Triangle Background
,

May 2023 Compliance Journal

The May 2023 WBA Compliance Journal is now available. In this edition, readers will find an article covering recently issued guidance by FDIC, CFPB, and OCC, each of which identify activities expected to be a focus of upcoming compliance examinations. Readers will also find an article highlighting an interagency statement and an interim final rule regarding the transition from US LIBOR. The publication also includes a summary of recently published agency rules and notices, other important compliance-related updates, and a WBA Education Calendar which lists upcoming training events.

/by
,

April 2023 Compliance Journal

The April 2023 WBA Compliance Journal is now available. In this edition, readers will find an article summarizing key components of the final Section 1071 rule. Readers will also find summaries of recently published agency rules and notices, and other important compliance-related updates for bankers.
/by
,

March 2023 Compliance Journal

As spring arrives, so does the March 2023 WBA Compliance Journal. In this edition, WBA Legal covers upcoming changes to FDIC’s deposit insurance rules, FinCEN’s alert on the nationwide surge in mail theft-related check fraud schemes, and a Wisconsin Supreme Court decision which upheld Wisconsin’s long-established rules for priority under receivership rules. The publication also includes a summary of recently published agency rules and notices and other important compliance-related updates for bankers, including links to FRB’s Bank Term Funding Program resources and changes made to FDIC’s Section 19 rules as a result of the Fair Hiring in Banking Act.

/by
Triangle Background
,

February 2023 Compliance Journal

The February 2023 WBA Compliance Journal is now available. In this edition, readers will find an article asking, “What is a ‘covered application’ under Section 1071?” in anticipation of a final rule slated to be released in March, according to CFPB’s regulatory agenda. Also, agency guidance regarding supervisory expectations for HMDA reporting by those affected by the lower reporting threshold for closed-end mortgage loans, summaries of recently published agency rules and notices, and other important compliance-related updates for bankers.
/by
WBA logo

questions@wisbank.com

608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

Get our Newsletter!
Subscribe