2018 Regulatory Developments Comment Due Date Final Effective Date To Do
August 28, 2018: The Comptroller of the Currency requests comments through and ANPR
on the best ways to modernize the regulatory framework implementing the Community
Reinvestment Act (CRA).
2018 Deposit/Operations Related
November 15, 2018: Federal Reserve Board amendments to simplify Regulation J and to
make it conform more closely with Regulation CC.
X January 19, 2018
October 3, 2018: Federal Reserve System, Federal Deposit Insurance Corporation,
Financial Crimes Enforcement Network, National Credit Union Administration, Office
of the Comptroller of the Currency joint statement on banks and credit unions sharing
resources to improve efficiency and effectiveness of Bank Secrecy Act compliance.
X October 3, 2018
September 12, 2018: Federal Reserve Board amends Subpart C of Regulation CC to
address disputes as to whether a check has been altered or issued with an unauthorized
signature, and the original paper check is not available for inspection.
X January 1, 2019
September 12, 2018: CFPB amendments to procedures used by the public to obtain
bureau information under the Freedom of Information Act, the Privacy Act of 1974, and in
X October 12, 2018
September 12, 2018: CFPB issues interim final rule to update its model forms for the
Summary of Consumer Identity Theft Rights and the Summary of Consumer Rights in
Appendices to Regulation V to incorporate a new notice required by Section 605(A)(i)( 5)
X September 21, 2018
August 10, 2018: CFPB amends Regulation P and the provision requiring financial
institutions to provide an annual notice describing their privacy policies and practices to
their consumers. The amendment implements the provision excepting the annual notice
requirement for institutions meeting certain conditions.
X September 17, 2018
January 25, 2018: CFPB amendments to rules concerning prepaid accounts under the
Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) and
extension of ooverall effective date.
X April 1, 2019
September 9, 2018: CFPB invites the public comment on its proposal to create a
Disclosure Sandbox through its revised Policy to Encourage Trial Disclosure Programs.
Regulatory Developments Cutoff Date: November 16, 2018. Please note the Major Regulatory Developments list does not include routine announcements
such as HMDA data availability, CRA and Regulation Z annual threshold adjustments. Please refer to http://www.consumerfinance.gov/the-bureau/, your
institution’s prudential regulator, or the interagency website www.ffiec.gov for such updates.