Thursday, June 20, 2024

To access specific issuances, go to our Top Stories section, where you will find links to all the relevant documents.
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FDIC updates Examination Manual
The FDIC has updated its Consumer Compliance Examination Manual.

The June 2024 updates were made to sections II-14.1 (Violations Codes), IV-1.1 (Truth in Lending Act), and XI-1.1 (Community Reinvestment Act).

Exception Cost Calculator (Free Spreadsheet)

How Much Does Exception Tracking Cost Your Bank?

Download the free spreadsheet, enter the number of hours for each task, and see the results. Estimate your annual exception tracking cost.

— Alogent

FinCEN recap of BOI reporting outreach activities
FinCEN recently issued a report of efforts through May 2024 to educate small businesses and other key stakeholders about new beneficial ownership reporting requirements. The report also included a list of upcoming events at which FinCEN representatives will provide information on the regulation.

Yesterday's Compliance Briefing
We issued a Daily Compliance Briefing yesterday, knowing that some of our subscribers were working on the Juneteenth federal holiday. As a convenience to those of you who haven't yet seen yesterday's briefing, HERE IS A LINK that will save you the hassle of digging through your email for it.

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