ABA Bank Compliance - November/December 2013

www.aba.com/Compliance/pages/default.aspx.

Regulatory Developments
Comment
Due Date Final effective Date
mandatory
Compliance
Date to Do

april 30, 2013: CFPB revisions to the electronic fund transfers (Regulation E) remittance
rule and issuance of a new effective date.
http://files.consumerfinance.gov/f/201304_cfpb_final-rule_remittance-transfers.pdf
X 10/28/13

march 21, 2013: CFPB amendments to Regulation E pertaining to disclosures at
automated teller machines.
http://files.consumerfinance.gov/f/201303_cfpb_Final-Rule-Amendment-to-Reg-E-
re-ATM-Disclosures.pdf
X 3/26/13

may 14, 2013: CFPB request to renew approval to collect information regarding compliance with Truth in Savings (Regulation DD). www.federalregister.gov/articles/2013/05/14/2013-11439/agency-information-collection- activities-comment-request

7/15/13

april 25, 2013: FDIC guidance on deposit advance products. www.fdic.gov/news/news/press/2013/pr13031a.pdf

5/30/13

april 25, 2013: OCC guidance on supervisory concerns and expectations regarding deposit advance products. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-69.html

5/30/13

2013: Other

June 26, 2013: CFPB procedural rule to establish supervisory authority over certain non-
bank covered persons based on risk determination.
www.federalregister.gov/articles/2013/07/03/2013-15485/procedural-rule-to-establish-
supervisory-authority-over-certain-nonbank-covered-persons-based-on
X 8/2/13

June 25, 2013: Bulletin about responsible business conduct, including self policing, self
reporting, remediation, and cooperation.
http://files.consumerfinance.gov/f/201306_cfpb_bulletin_responsible-conduct.pdf
X 6/25/13

January 22, 2013: FFIEC guidance on the applicability of consumer protection and compliance laws, regulations, and policies to activities conducted via social media. www.ffiec.gov/press/Doc/FFIEC%20social%20media%20guidelines%20FR%20Notice. pdf

3/23/13

The regulatory developments table cutoff date is September 18, 2013. Please note the regulatory developments list does not include routine announcements, such as Home Mortgage Disclosure Act (HMDA) data availability and Regulation Z high-cost trigger changes. Please refer to www.consumerfinance.gov/the-bureau/ or your institution’s prudential regulator website for these and other similar updates.