Tag Archive for: Compliance Journal

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May WBA Compliance Journal

The May 2024 WBA Compliance Journal is now available. This month, readers will find an article regarding the just released Interagency Third Party Risk Management: A Guide for Community Banks and a review of the new state law, Wisconsin Financial Exploitation of Vulnerable Adults. In the “regulatory spotlight” section read summaries of recently published agency rules and notices, including SEC’s delay of the effective date for climate-related disclosures. And, about upcoming agency webinars and new Fannie/Freddie policies for reconsideration of property values in the “compliance notes” section.

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April 2024 Compliance Journal

The April 2024 WBA Compliance Journal is now available. In this edition, readers will find a summary of recent enacted state legislation. The “regulatory spotlight” section sets forth summaries of recently published agency rules and notices, and the “compliance notes” section provides other important compliance-related updates for bankers.

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March 2024 Compliance Journal

The March 2024 WBA Compliance Journal is now available. In this edition, readers will find an article regarding DOR issuing an emergency rule to interpret state commercial loan income exemption. The “regulatory spotlight” section sets forth summaries of recently published agency rules and notices, and the “compliance notes” section provides other important compliance-related updates for bankers.

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February 2024 Compliance Journal

The February 2024 WBA Compliance Journal is now available. In this edition, readers will find an article regarding agency examination principles related to valuation discrimination and bias in residential lending, an overview of FRB’s top compliance examination violations from 2022 exam data, and a new resource for helping to identify number of total units for HMDA LAR purposes. The “regulatory spotlight” section sets forth summaries of recently published agency rules and notices, and the “compliance notes” section provides other important compliance-related updates for bankers.

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January 2024 Compliance Journal

The first edition of the New Year is now available. In the January 2024 ‘WBA Compliance Journal,’ readers will find an article which summarizes FDIC’s recent rule which revises Part 328 regarding advertising of FDIC membership and use of FDIC’s official sign. WBA Legal has also provided a listing of 2024 state and federal regulatory thresholds and limits. The publication also includes a summary of recently published agency rules and notices and other important compliance-related updates for bankers.

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December 2023 Compliance Journal

The December 2023 WBA Compliance Journal is now available. In this edition, WBA Legal provides the DFI established escrow rate for 2024 and other thresholds for 2024 that were available at time the publication was created. 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. As we near 2024, we wish everyone a Happy New Year!

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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.

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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.

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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.

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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.

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608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

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