COVID-19 Regulatory FAQs

May 29, 2020 - 1 min read

Since the declaration of COVID-19 as a major disaster, the federal regulatory agencies have issued multiple frequently asked questions (FAQs) across various issuances. The FDIC has compiled these FAQs, in addition to specific guidance for FDIC- regulated institutions, into one document as of May 4, 2020. The FAQs were initially released on March 19, to address…

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Protecting Tenants Against Foreclosure

May 25, 2020 - 1 min read

Institutions are reminded that notwithstanding any executive orders regarding foreclosures or evictions regarding shorter time periods, if an institution becomes the successor in interest of a dwelling or residential real property in which a bona fide tenant resides, such tenant must be provided with a notice to vacate at least 90-days prior to the effective…

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Secondary Market

May 22, 2020 - 2 min read

Investors are offering their own relief options. Institutions must refer to the applicable secondary market investor guidelines. Note that under the CARES Act, section 4022 requires that, for Federally-backed mortgage loans (loans insured or guaranteed by certain U.S. government agencies and programs, as well as loans made by the Department of Agriculture and loans sold to…

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Federal Agency Guidance

May 20, 2020 - 1 min read

The federal agencies have published several statements regarding issues and concerns facing financial institutions during this time. The following links lead to FDIC websites, although these are interagency statements. Encouraging Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus (March 9, 2020) https://www.fdic. gov/news/news/press/2020/ pr20025.html Financial Institutions Working with Customers Affected…

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Joint Statement on Risk-Focused BSA/AML Supervision

December 18, 2019 - 1 min read

In July 2019, the OCC, FDIC, Federal Reserve, the NCUA, and FinCEN issued a joint statement to emphasize their risk-focused approach to examinations of banks’ Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance programs. This statement is being issued as part of a broader effort to reinforce and enhance the effectiveness and efficiency of the BSA/AML regime….

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November 15, 2019 - 2 min read

Louisville, KY (November 14, 2019) – Professional Bank Services, Inc. d/b/a ProBank Austin, a trusted provider of compliance, investment banking, and education services to the financial industry for five decades, announced today the acquisition of Pegasus Educational Services, LLC (Pegasus). ProBank Austin is an industry-leading provider of Continuing Education programs for financial professionals, training more…

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Community Bankers Graduate from Compliance Officer Boot Camp Hosted by Community Bankers Association of Georgia

July 3, 2019 - 3 min read

BRASELTON, June 21, 2019– The Community Bankers Association of Georgia (CBA) hosted the inaugural Compliance Officer Boot Camp, held June 18-21, 2019 at the Chateau Elan Winery & Resort in Braselton, GA.  Eighteen community bankers from across the state graduated with a certificate of completion and continuing professional education (CPE) credits. The Compliance Officer Boot…

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