Major Regulatory Developments At-a-Glance
2018 Regulatory Developments Comment Due Date Final Effective Date To Do
April 26, 2018: Consumer Financial Protection (Bureau) amendments to Federal mortgage
disclosure requirements under the Real Estate Settlement Procedures Act (RESPA) and
the Truth in Lending Act (TILA) implemented by Regulation Z.
X June 1, 2018
March 8, 2018: Bureau rule amending certain Regulation Z mortgage servicing rules
issued in 2016 relating to periodic statements.
X April 19, 2018
January 25, 2018: Federal Reserve Board, Federal Deposit Insurance Corporation and
Office of the Comptroller of the Currency announce favorable Community Reinvestment
Act consideration to revitalization activities in disaster areas affected by Hurricane Maria.
January 25, 2018
2018 Deposit/Operations Related
January 25, 2018: Bureau 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
March 6, 2018: Federal Reserve Board requests comments on amendments to simplify
Regulation J and make it conform more closely with Regulation CC.
May 14, 2018
On July 31, the President signed a bill extending the National Flood Insurance Program through November 30. The
program’s scheduled expiration was midnight July 31, however with this extension, borrowers are protected from closing delays, additional costs
and other complications during this year’s hurricane season. For more information on Flood Insurance, see the cover feature in the July–August
issue of ABA Bank Compliance entitled Flood Compliance: Exploring the Depths.
ABA Endorses Marquis’ Marketing Analytical Software and Professional Services
ABA has endorsed the Execu Trax data analytics tool and On Trax professional services provided by Marquis, a trusted provider
of marketing software and consulting solutions for over 30 years. The Execu Trax system consolidates account, transaction, demographics, and predictive data, creating
a marketing database built for banks.
Banks can then examine data for patterns
and trends which can be used to drive income by monitoring activity and triggering
marketing messages automatically.
Compliance staff appreciates the robust
nature of the system’s householding logic
as Execu Trax operates on the same com-pliance-grade platform used by its Cen Trax
product (HMDA, CRA, and Fair Lending)
used by over 300 banks nationwide.
Banks use ExecuTrax to mine data for
patterns and trends by monitoring activity
and triggering marketing messages auto-
matically. The OnTrax outsource team
works as an extension of bank staff to drive
both strategic and tactical marketing
efforts, offering the benefits of database
marketing, analytics, and campaign track-
ing without the staff expense. Brad Scovill,
CEO of Citizens & Northern Bank and a
member of ABA’s Endorsed Solutions
Banker Advisory Council states: “By inte-
grating customer data from across the en-
terprise, Marquis’ offerings provide banks
with the information required to enhance
relationship management efforts and cre-
ate value for our customers.” Visit aba.
com/marquis to learn more.