Tuesday, December 5, 2023

Legal Briefs

January 2011 Legal Briefs

Federal S.A.F.E. Act Registry Will (Probably) Be Up By January 31, 2011

Banks May Not Accept Tax Deposit Coupons after December 31, 2010

FDIC Insurance Coverage Changes Effective January 1, 2011

Regulators Increase HMDA, CRA Thresholds Effective January 1, 2011

New Reg Z Interim Final Rule Regarding Appraisal Independence Places Major New Burdens on Banks

MDIA Interim Rule effective January 30, 2011 Changed Again

Compliance Dates Roundup

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December 2010 Legal Update

OBA’s Legal Department Introduces New Frequently Asked Questions Feature!

Recent Case Sanctions Fraud Loss Shifting Provision in Commercial Deposit Account Agreements

Compliance Dates Roundup

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November 2010 Legal Update

New CRA Regulation Effective 11/3/2010

Model Privacy Notices Safe-Harbor Under Reg P Will Change Effective 1/1/2011

New Final Rule Amends Reg Z, Prohibiting Certain Loan Originator Compensation and Steering Practices. Compliance Mandatory 4/1/2011

Federal Reserve Board Rule Reflects Delay in Gift Card Disclosure Requirements to 1/31/2011

Federal Reserve Board Announces Annual Indexing of Reserve Requirement Exemption Amount and Low Reserve Tranche for 2011

FDIC Issues New Guidance on Golden Parachute Applications

Compliance Dates Roundup

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October 2010 Legal Update

Dodd-Frank Act Provides Changes to FDIC Insurance Coverage; TAG Program to Terminate 12/31/2010

Primer on Financial Privacy Issues

Compliance with Risk-Based Pricing Final Rule Mandatory January 1, 2011

National Flood Insurance Program Extended through September 30, 2011

Compliance Dates Roundup

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September 2010 Legal Update

Final Guidance on Sound Incentive Compensation Policies

Interim Rule Requires New Disclosures for Consumer Mortgage Loans; Compliance Deadline January 30, 2011

New TILA Requirement of Notice When Mortgage Has Been Sold or Transferred; Compliance Mandatory January 1, 2011
Department of Justice Final Rule on ADA Standards for Accessible Design and New Proposed Rules Will Affect Banks

Compliance Dates Roundup

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August 2010 Legal Update

Final S.A.F.E. Act Rule Adopted

School Warrants – A Primer
Oklahoma H.B. 2936 Increases Fees for Compliance with State-Court Subpoenas Effective 11/1/2010
HOEPA Dollar Trigger Increased Effective 1/1/2011

Compliance Dates Roundup

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July 2010 Legal Update

New Same-Day FedACH Service Available August 2, 2010

Avoiding Potential Pitfalls With Motor Vehicle Liens

Oklahoma Department of Consumer Credit Updates Statutory Dollar Amounts Effective July 1, 2010

Regulators Issue Final Guidance on Correspondent Concentration Risks

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June 2010 Legal Update

Clarifications Made to Reg E Regarding Restrictions on Overdraft Charges on ATM and One-Time Debit Card Transactions Further Revisions to Reg E (Overdraft Protection)

HIRE Act Provides Tax Incentives to Employers to Hire in 2010
FDIC Issues Guidance for Periods of Lapse of Flood Insurance Authority
Executive Order 13496 Requires Posting of Notice of Employees Right to Organize by June 21, 2010 – Affects Some Banks
Using a “Mark” as a Signature, What Is Required and What Risks Are There to the Bank?

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May 2010 Legal Update

TAG Program Extended Through December 31, 2010

Mortgage Loan Officers Not Exempt Under FLSA According to New DOL Interpretation

Banks’ Right of Setoff vs. Federal Exemption for Social Security and Other Exempt Federal Benefits – Which Wins?

S.A.F.E. Act Update

Compliance Dates Roundup

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April 2010 Legal Update

‘ABC’s of Handling Repossessed Property

2010 Provides Unique Opportunity to Defer Tax on Roth IRA Conversions

Floor Plan Lending Presents Special Challenges (maybe from your regulator)
When a Horse Is “Equipment” – It could only be the UCC
Compliance Dates Roundup

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March 2010 Legal Update

Raffles and Giveaways and Lotteries, Oh My! What Can/Can’t a Bank Do?

FACT Act Changes Mandatory July 1, 2010 (Reg V)

Yet More Changes Affecting Open-End Credit to Consumers (Reg Z) Effective February 22, 2010 and July 1, 2010
Reminder: Escrow Required for HPMLs for All Applications Received after April 1, 2010
Compliance Dates Roundup

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February 2010 Legal Update


Regulators Adopt Final Rule Implementing New FASB Standards 166 and 167

Perfection and Priority in Certificates of Deposit

Despite Tough Legal Framework, Banks Can Take Steps to Protect Themselves from Losing Business to a Departing Employee

Upcoming Compliance Dates (New Feature!)

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January 2010 Legal Update

Reg CC Update: All Checks Are Local Effective 2/26/2010

Taking Cashier’s Checks for Deposit in Today’s Environment of Fraud
Revisions to Reg Z for Higher Education Opportunity Act Have Compliance Deadline of 2/14/2010
Provisions of Credit Card Act Effective 2/22/2010
HOEPA Fee Trigger Lowered For 2010

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December 2009 Legal Briefs

Clarification from Federal Reserve Supports Viability of Short-Term Balloon Notes in Spite of HPML Changes 

Reg GG Implementation Deadline Extended at Last Minute to June 1, 2010
Recent Reg CC Changes: We Are Quickly Heading Toward All Local Checks
Final Rule Revising Reg E Restricts Overdraft Charges on ATMs and One-Time Debit Card Transactions Effective July 1, 2010
FinCEN’s BSA E-Filing Completes Transition to Adobe-based Electronic Forms Effective 1/1/2010
Reminder: Changes to Reg DD Effective 1/1/2010
Reminder: HUD’s Reg X (RESPA) Changes; Use of New GFE and HUD-1 Forms Mandatory 1/1/2010
Reg S Revised to Increase Fees for Subpoena Compliance Effective 1/1/2010
S.A.F.E. Act Update

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November 2009 Legal Briefs

Compliance with New Reg GG Is Mandatory on December 1, 2009

Oklahoma’s Estate Tax Repealed Effective January 1, 2010

3% Interest Requirement for County Deposits Gone Effective July 1, 2009

Change to Unclaimed Property Statute Effective November 1, 2009

OK to Charge Fee to Cash On-Us Check for Non-Customers?

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