Tuesday Leftovers
Posted by Anthony Demangone
Here's a little of "this and that" to help you through your Tuesday.
- FinCEN announces an important update for E-Filers.   FinCEN has implemented the second phase of the BSA E-Filing SAR Acknowledgements and Validation process. Phase I was implemented in September 2009 and provided BSA E-Filers with an acknowledgement of receipt for a submitted Suspicious Activity Report (SAR). Phase II applies data quality checks and will provide financial institution filers with information on the quality of their submissions for electronically filed SARs.
- NAFCU members: We've released a Final Regulation on Regulation E's recent final rule on opt-ins for overdraft protection services. Access it here. (Member log-in needed.) We've also released a Regulatory Alert on the Regulation E proposal that affects gift cards.
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HUD announces a new RESPA outreach program to help all of us comply with the new RESPA rules that take affect next month.  HUD  will make earlier versions available in an archived format.  (I don't see any of those posted yet, but it does look like the December 3 PowerPoint is available here.   And I don't see the scheduled sessions on their "schedule page." Be sure to check back. Don't forget, we're offering a RESPA and FHA related webcast this Thursday.
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NCUA has released its semi-annual regulatory agenda. These documents are great as they give you an idea of what NCUA has done and what is in the hopper. The Fed also issued its agenda.