Legal Briefs

Sole Proprietorships and General Partnerships S.A.F.E. Act Guidance Fair Lending Common Violations in 2011 ’Tis the Season – For Tax Refund Fraud Bureau Clarifies Reg Z Loan Officer Compensation Rule Mining the OCC’s Citibank C&D for Nuggets Mortgage Servicing Change is in the Wind

NOW Account Eligibility Mobile Banking Survey CFPB Complaints FinCEN’s Notice on CDD Paperless Treasury Payments More Call Report Changes Coming FHA Mortgage Pricing Cuts SAFE Act Exam Procedures Posted Extra Time to Respond to Comments Checking Out Non-profits CTR Guidance – Businesses with Common Ownership

• Overdrafts and UDAP • MLO Compensation Issues • FDIC Helps with Understanding Cards • Mortgage Fraud Update • SAR Confidentiality • Playing with your Regulatory Numbers • Deposit Insurance Coverage Training • Payment Processor Relationships  

• The Bureau of Consumer Financial Protection has a Director and the republishing of rules has begun. At the present time, the only major "new" language is in the CFPB’s new Reg E amendments on foreign remittances transfers. Since those don’t take effect until 2013, we will write about them in a future issue. For now, we want to share …

By Andy Zavoina Compliance To-Dos for the New Year By Pauli D. Loeffler Corporations and LLCs By John S. Burnett Reg Q – Gone, but Not Forgotten

By Mary Beth Guard FDIC Talks Internet Banking HMDA LAR Update SAFE Act Renewals Payment Order The BCFP “Gets It” The Big “Why” – Part 3  EFTA Q&As

By Mary Beth Guard  Updated flood guidance OCC Reg E booklet revised Farewell to paper savings bonds Enforcement actions Examiners Can Be Too Soft The Big “Why” – Part 2  EFTA      

By Mary Beth Guard State Statutory Changes • Small Estate Cash Release • Protection and Preservation of Property During Foreclosure • Time limit for customer to sue on indorsement problem • Minor garnishment changes The Big Why • SCRA • EFAA • BSA • ECOA • HMDA  

By Mary Beth Guard 1. Business Continuity Planning 2. Examination Buzz Financial Statements HMDA Flood Insurance FDIC Signage OFAC Debt Collection SCRA Fair Lending Strange Transactions 3. CFPB Action 4. Watch Your Mortgage-Related Fees 5. Major Anti-Steering Case 6. Foreclosure Policies and Procedures 7. Q&As on Recent Changes to Regs B and V

By Mary Beth Guard CFPB Powers Up SAFE Registration Deadline Passes Check Your Email Signature Line Change Your AAN Address Updated Authentication Guidance Issued Risk Management on Prepaid Cards Debit Card Interchange Fees RESPA Reg Clarified Reg B/FCRA Notice Change Changes to the Risk-Based Pricing Notice