WHAT DOES CALIFORNIA LAW HAVE TO DO WITH THE EAST COAST? The California Consumer Privacy Act (CCPA) was signed into law on June 28, 2018 and becomes effective on January 1, 2020. This law has to do with creating new …
Evelyn I. Dehmey WHAT DOES CALIFORNIA LAW HAVE TO DO WITH THE EAST COAST?
Have you heard about the new registration requirements for Appraisal Management Companies? Effective August 10, 2019 all appraisal management companies (AMC) must register with the state or states in which they perform business and are subject to state supervision, if …
Appraisal Management Company Registration: Are You Aware? Evelyn I. Dehmey
We get questions from time to time as to whether a bank can target the geographic area around a branch, such as during a branch opening, or do a prescreened mailing to a group of people with particular characteristics. Of …
EGRRCPA – Let’s Take Stock! The “Economic Growth, Regulatory Relief, and Consumer Protection Act” was signed into law on May 24, 2018. It had many moving parts, some effective upon passage and others where regulations were first needed. Let’s explore …
Be Careful with That Online Account Opening! A year ago on May 24, 2018, EGRRCPA Section 213 authorized “Making Online Banking Initiation Legal and Easy” (MOBILE). The intent was to make online account opening easier and was effective immediately upon …
Be Careful with That Online Account Opening! Evelyn I. Dehmey
The Call for Databases Already we check the OFAC database, which includes other watchlists. We check the Department of Defense MLA database for persons opening new accounts https://mla.dmdc.osd.mil/mla/#/single-record and the SCRA database https://scra.dmdc.osd.mil/scra/#/single-record to assure a person is on active …
Must I Use the New URLA? What’s an URLA? You’ve probably known it as Form 1003 or 65 or “Uniform Residential Loan Application.” It’s the application you’ve been accepting for mortgage loans. Due to revisions stimulated by the expanded Demographic …
For a long time, Hemp was listed on the Controlled Substance List the same a Marijuana. But the world of Hemp has been changing on a different and faster track from Marijuana. The PA Department of Agriculture first legitimized an …
On January 2, 2019, Kathleen Kraninger of the CFPB entered her first Consent Order with USAA Federal Savings Bank, an $80 billion institution based in San Antonio, TX. USAA had Regulation E violations related to: Failing to properly stop preauthorized …
Evelyn I. Dehmey What Can We Learn from the USAA Regulation E Case?
PREPAID ACCOUNTS RULE – DOES THIS AFFECT OUR BANK? The Prepaid Accounts Rule has been delayed so many times that Compliance Officers have almost forgotten about it. The initial final rule was first published on October 5, 2016, delayed on …