Compliance Calendar

The Compliance Calendar is updated regularly in FOCUS and contains up-to-date information about comment letter deadlines, effective dates of regulations, deadlines for reporting, and other important compliance dates.

Please give the compliance hotline a call at 800.546.4465 if you have any questions or suggestions.

 

November 2010

Comments Due:

November 23

Regulations Effective:

November 29

 

December 2010

Comments Due:

December 13

December 15

December 19

  • FRB rules for appraisals. 

December 23

December 27

  • FinCEN proposed rules regarding Cross-border Electronic Transmittal of Funds.

Regulations Effective:

December 31

  • FACTA Red Flag Rules (Federal CUs already should be complying)  
  • Use of Sample clauses in privacy notices 

Temporary Layoff  

December 27

 

January 2011

Regulations Effective:

January 3

  • FRB rules clarifying compliance with credit card protections.

January 15

January 20

Compliance Requirements:

January 22

  • Call Form 5300 Due.
  • Quarterly Asset Assessment Worksheet and ACH debit to the DCU.

January 31

  • 1098 Mortgage Interest Statements due to borrowers
  • 1099-INT Interest Income Statements due to borrowers
  • W-2 Wage and Tax Statements due to recipients
  • Quarterly submission of credit card agreements due to Fed

Regulations Effective:

January 1

January 28

  • Possible date for SAFE Act registry to be open.

January 30

  • FRB interim rule new disclosures for home mortgages mandatory compliance date. 

January 31

Temporary Layoff  

January 28

 

February 2011

Compliance Requirements:

February 28

  • 1098, 1099-INT and W-2 form due to IRS

Temporary Layoff  

February 22

 

March 2011

Compliance Requirements:

March 1

  • LAR HMDA reports for 2010 due to FRB

March 10

  • 18% maximum loan interest rate for Federal Credit Unions expires unless extended by NCUA.

Regulations Effective:

March 1

March 2

  • NCUA official share insurance sign rule

March 15

March 24

  • FRB changes to Payment System Risk policy.

Temporary Layoff  

March 11

 

April 2011

Compliance Requirements:

April 23

  • Call Form 5300 due.
  • Quarterly Asset Assessment Worksheet and ACH debit to the DCU.

April 30

  • Quarterly submission of credit card agreements due to Fed

Dodd-Frank:

April 17

  • Limits on Securitizations Rules Finalized

April 21

  • Interchange: Reasonable and Proportional for Debit Cards Rules Finalized
  • Interchange: Network Fees Rules Finalized
  • Disclosure of Executive Compensation to NCUA Rules Finalized

Regulations Effective:

April 1

  • FRB rules to protect against unfair, abusive, or deceptive lending practices on home mortgages due to loan originator compensation practices.

Temporary Layoff

April 22

 

May 2011

 

June 2011

Compliance Requirements:

June 11

  • Complete Training Requirement for vulnerable adults act.

Temporary Layoff

June 10

 

July 2011

Compliance Requirements:

July 22

  • Call Form 5300 due
  • Quarterly Asset Assessment Worksheet and ACH debit to the DCU.

July 31

  • Quarterly submission of Credit Card agreements due to FRB

Dodd-Frank: 

July 21

  • Transfer of functions to the CFPB.
  • Interchange: Exclusivity and Routing Rules Effective
  • Credit Reporting Agency Regulation

 

August 2011

 

September 2011

 

October 2011

Compliance Requirements:

October 22

  • Call From 5300 Due
  • Quarterly Asset Assessment Worksheet and ACH debit to the DCU. *new

October 31

  • Quarterly submission of Credit Card agreements due to FRB

 

November 2011

 

No Specific Date

Dodd-Frank: 

  • More information collection about consumer loans
  • Financial Stability Oversight Council review of CFPB rules
  • Supervision of Nondepository Covered Persons
  • CFPB Examination of credit unions with over $10 Billion in assets
  • CFPB exclusion for auto dealers
  • Rules on unfair and deceptive practices
  • Disclosures to consumers about risks of a transaction
  • New TILA and RESPA disclosures
  • Disclosures about existing customer transactions
  • Timely response to consumer complaints
  • State law preemption for national banks
  • Hearings and adjudication proceedings
  • Transfer of Financial protection functions
  • Small business minority and female ownership HMDA data collection
  • Remittance transfers
  • Reverse Mortgage integrated disclosure standard
  • Exchange facilitators program
  • Amendment to Reg CC funds availability
  • Residential Mortgage loan originations standards
  • Prohibition on steering incentives
  • Minimum underwriting standards for mortgages
  • Safe Harbor and rebuttable presumption, smaller loans
  • High-cost mortgages
  • Mortgage servicing
  • Mortgage resolution and modification

 

Posted in Compliance.