MICHIGAN COMPLIANCE OFFICERS ASSOCIATION Friday, October 11, 2013 9:00 – 11:30 a.m.
AGENDA
I. Welcome II. Introductions III. Michigan Mortgage Advisory Board IV. Discussion AML FinCEN Advisory FIN-2013-A006 FinCEN BSA Penalties NJ Bank Lending City of Richmond California ABA Letter Regarding Implementation Timing 2nd QTR 2013 NMLS State Mortgage Licensing Report 2nd QTR NMLS Federal Registry Report Reverse Mortgage Guidance Other Financial Stability Oversight Council (FSOC) Announces Financial Institution Responsibilities: Payday Lending Stability Board Report Guidance to Employee Benefit Plans & the Definition Changes to the NACHA Operating Rules SEC Changes Regulatory Agencies CFPB Director Cordray Remarks Development of Metrics Electronic Fund Transfers Reminder: Accessing your scholarships and Rules of Practice for Issuance of Temporary Cease-and-Desist Orders Explainer: scoring student loan servicers Steven Antonakes Named Supervisory Highlights: Summer 2013 Policy to Encourage Trial Disclosure Programs; Information Collection Meracord Enforcement Press Call CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST MERACORD FOR PROCESSING ILLEGAL DEBTSETTLEMENT
Page 1 of 4 MICHIGAN COMPLIANCE OFFICERS ASSOCIATION Friday, October 11, 2013 9:00 – 11:30 a.m.
AGENDA
Amendments to the 2013 Mortgage Rules Under the Equal Credit The FCRA International Fund Transfers Payroll Card Accounts (Regulation E) Amendments to the 2013 Mortgage Rules under the Equal Credit Opportunity Act CFPB Examiners Find Mortgage Servicing Problems Ability-to-Repay and Qualified Mortgage Rule: SMALL ENTITY COMPLIANCE GUIDE International Fund Transfers JPMorgan Consent Order Appraisals for Higher-Priced Mortgage Loans FDIC Regulatory Capital Rules UDAP Check Cashing Deposit Insurance Regulations Removal of Transferred OTS Regarding Employment Activities of Examiners Removal of Transferred OTS Recordkeeping Requirements FDIC Supervisory Approach to Payment Processing Relationships FHFA Quality Control and Additional Information Related to the Ability to Repay Edit Selling Guides Update due to Ability to Repay Rule FHFA Quarterly Performance ELIGIBILITY MATRIX Selling Guide Quick Links FHFA Launches National Education Campaign FHFA Seeks Public Input on Reducing Fannie Mae and Freddie Mac Multifamily Businesses FRB 2014 HMDA Edits Revised Interagency Examination Procedures for Regulation Z Memorandum Opinion Debit Card Interchange Fees Basel III Interim Rule Transition Plan Basel III Interim Rules-Capital Plan
Page 2 of 4 MICHIGAN COMPLIANCE OFFICERS ASSOCIATION Friday, October 11, 2013 9:00 – 11:30 a.m.
AGENDA
New $100 Bill Survey of Terms of Business Lending Consumer Credit - G.19 Regulation TT Financial Holding Companies Revised RESP A Interagency Examination Procedures Financial Accounts of the United States JPMorgan Settlement SUNSOUTH BANCSHARES, INC. FTC FTC Files Amicus Brief Supporting Class Action Suit that Challenges Payday Lender FTC Brings First Case Alleging Text Messages Were Used In Illegal Debt Collection Scheme FTC Sends Refunds to Consumers Harmed by "Credit Card" FTC Sends Refunds to Consumers Harmed by Robocallers Who Claimed to Reduce Credit Card Interest Rates Text Spammers Settle FTC Charges They Illegally Sent Consumers Bogus Offers for "Free" Gift Cards Telemarketing Sales Rule Fees HUD Mortgagee Letter 2013-26 MORTGAGEE LETTER 2013-32 MORTGAGEE LETTER 2013-27 Mortgagee Letter 2013-04 Mortgagee Letter 2013-05 MORTGAGEE LETTER 2013-27 Mortgagee Letter 2013-28 Mortgagee Letter 2013-29 Streamlined Reporting HECM FINANCIAL ASSESSMENT AND PROPERTY HUD CHARGES FIFTH THIRD BANK, MORTGAGE BROKER Qualified Mortgage Definition Joint Issuance Interagency Guidance on Privacy Laws and Reporting Financial Abuse of Older Adults Proposed Regulatory Capital Reporting
Page 3 of 4 MICHIGAN COMPLIANCE OFFICERS ASSOCIATION Friday, October 11, 2013 9:00 – 11:30 a.m.
AGENDA
Company-Run Stress Tests Credit Risk Retention Capital Reporting NCUA Charitable Donations Rule Proposed LIBOR Suit Efiling Economic Update OCC Community Banks in Nine Southern States Show Improving Performance OCC Encourages National Banks and Federal Savings Associations to Work With Customers Unauthorized Banking: AmTrade International Bank Counterfeit Official Checks: Savings Institute Bank and Trust, Willimantic, CT Description: Comptroller's Handbook Revisions and Rescissions Chase Add-On Settlement Chase Consent Order Chase Settlement Chase Cease and Desist Order OCC Enforcement Actions OCC Announces EverBank Agrees to Pay $37 Million to Customers, $6.3 Million to Housing Risk Retention Rule Treasury Affordable Care Act Next Meeting: 2014 Schedule In Process Adjourn
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