Regulatory Update, 12-3-2018, Weekly Regulatory Advocacy Report

by Tim Pierce | Dec 03, 2018

FFIEC Gives Second Update of the Examination Modernization Project
The Federal Financial Institutions Examination Council has provided a second update on its Examination Modernization Project. The project identifies and assesses ways to improve the effectiveness, efficiency, and quality of community financial institutions safety and soundness examination processes, particularly through increased use of technology.  The project is a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act. FFIEC members with safety and soundness examination responsibilities expect these efforts to help reduce unnecessary regulatory burden on community financial institutions.
Pending Regulatory Comment Call
Upcoming Effective Dates
Regulatory Update is a compliance resource delivered by email only.  All Regulatory Updates are available on the League's website. If you have any questions, please don't hesitate to contact Joe GuilfoyCraig DauksasTim Pierce or Dave Hawkins. If there is someone else at your credit union who should receive these updates, or if you would like to be removed from our list, please send a reply e-mail.