Legal Briefs Archive – Page 12 – Oklahoma Bankers Association

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

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

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

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

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

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?

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

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

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

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!)

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

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

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?

October 2009 Legal Briefs

FDIC’s Final Rule Extends TAG Program 6 Months to June 30, 2010; Participating Entities Can Opt Out of Extension by November 2

Working Around the October 1 Reg Z Changes

Changes to HUD’s Reg X (RESPA) Go In Effect January 1, 2010

Special Risks Surround Using Farm Products as Collateral

September 2009 Legal Briefs

Creation of HPMLs and Requirements for Verification of Repayment Ability for HPMLs and HOEPA Loans

New Escrow Requirement for HPMLs Effective for Applications Received on or after April 1, 2010 (October 1, 2010 for Manufactured Homes)

Restrictions on Prepayment Penalties for HPMLs and HOEPA Loans Effective 10/1/2009

Revisions to HMDA (Reg C) Incorporate Reg Z’s Addition of HPMLs Effective 10/1/2009

New Appraisal-Related Amendments Effective 10/1/2009

New Mortgage Servicing Practices Effective 10/1/2009

New Advertising Restrictions Affecting Closed-End Credit Loans Effective 10/1/2009

S.A.F.E. Act Redux