To Banking Laws and Regulations - ABA.com

12TH EDITION

Quick Reference Guide

to Banking Laws and Regulations

Table of Contents

Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . 3 Table of Contents. . . . . . . . . . . . . . . . . . . . . . . . . . 4 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Americans With Disabilities Act (ADA) . . . . . . . 8 Bank Bribery Act . . . . . . . . . . . . . . . . . . . . . . . . . 10 Bank Holding Company Act (BHCA) . . . . . . . . 11 Bank Protection Act. . . . . . . . . . . . . . . . . . . . . . . 12 Bank Secrecy Act (BSA) . . . . . . . . . . . . . . . . . . . 13 Check Clearing for the 21st Century Act (Check 21). . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Community Reinvestment Act (CRA) . . . . . . . . 16 Consumer Leasing Act . . . . . . . . . . . . . . . . . . . . 18 Dodd-Frank Wall Street Reform and Consumer Financial Protection Act (DFA) . . . . 19 Electronic Funds Transfer Act (EFTA) . . . . . . . 22 Equal Credit Opportunity Act (ECOA) . . . . . . . 24 Expedited Funds Availability Act (EFAA) . . . . . 26 Fair Credit Reporting Act (FCRA) . . . . . . . . . . . 28 Fair Debt Collection Practices Act (FDCPA) . . . 30 Fair Housing Act (FHA) . . . . . . . . . . . . . . . . . . . 31 Federal Deposit Insurance Act (FDIA) . . . . . . . 32 Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) . . . . . . . . . 33 Federal Reserve Act (FRA) . . . . . . . . . . . . . . . . . 34 Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). . . . . . 35 Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA) . . . . . 36 Flood Disaster Protection Act (FDPA) . . . . . . . . 37 Foreign Accounts Tax Compliance Act (FATCA). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Gramm-Leach-Bliley Financial Modernization Act of 1999 (GLBA). . . . . . . . . . 40

Home Mortgage Disclosure Act (HMDA) . . . . . 41

Internal Revenue Code Information Reporting and Withholding Requirements . . . . 43

Management Interlocks Act . . . . . . . . . . . . . . . . 45

Military Lending Act (MLA). . . . . . . . . . . . . . . . 46

National Bank Act (NBA) . . . . . . . . . . . . . . . . . . 48

Office of Foreign Asset Controls (OFAC) and Other Sanctions Programs . . . . . . 49

Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule . . . . . . . . . . . 51

Real Estate Settlement Procedures Act (RESPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

Regulation O: Loans to Insiders. . . . . . . . . . . . . 56

Sarbanes-Oxley Act (SOX) . . . . . . . . . . . . . . . . . 58

Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E Act) . . . . . . . . 59

Securities Act of 1933/ Securities Exchange Act of 1934 (and other selected Federal Securities Laws) . . 60

Servicemembers Civil Relief Act (SCRA). . . . . . 62

Telephone Consumer Protection Act (TCPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

Truth in Lending Act (TILA) . . . . . . . . . . . . . . . 66

Truth in Savings Act (TISA) . . . . . . . . . . . . . . . . 70

Unfair, Deceptive, and Abusive Acts and Practices (UDAAP). . . . . . . . . . . . . . . . . . . . 71

Unlawful Internet Gambling Enforcement Act (UIGEA) . . . . . . . . . . . . . . . . . 73

Glossary of Compliance Terms . . . . . . . . . . . . . . 75

Compliance Calendar . . . . . . . . . . . . . . . . . . . . . 84

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ABA's Quick Reference Guide to Banking Laws and Regulations

Table of Contents (Regulations Only)

Regulation

Legislative Source

Page

B . . . . . . . . . . . . . . . Equal Credit Opportunity Act (ECOA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

BB . . . . . . . . . . . . . Community Reinvestment Act (CRA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16

C . . . . . . . . . . . . . . . Home Mortgage Disclosure Act (HMDA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41

CC . . . . . . . . . . . . . Expedited Funds Availability Act (EFAA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26

D . . . . . . . . . . . . . . . Federal Reserve Act (FRA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34

D (CFPB) . . . . . . . . Alternative Mortgage Parity Act

DD . . . . . . . . . . . . . Truth in Savings Act (TISA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .70

E . . . . . . . . . . . . . . . Electronic Funds Transfer Act (EFTA). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

G . . . . . . . . . . . . . . . Securities Exchange Act of 1934. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60

G (CFPB) . . . . . . . . Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) Federal Registration of Residential Mortgage Loan Originators . . . . . . . . . .59

H . . . . . . . . . . . . . . Bank Protection Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12

H (CFPB) . . . . . . . . Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) State Compliance and Bureau Registration System . . . . . . . . . . . . . . . . . . . . .59

L . . . . . . . . . . . . . . . Management Interlocks Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45

M . . . . . . . . . . . . . . Consumer Leasing Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

O . . . . . . . . . . . . . . Loans to Insiders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56

R . . . . . . . . . . . . . . . Gramm-Leach-Bliley Act of 1999 (GLBA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40

T . . . . . . . . . . . . . . . Securities Exchange Act of 1934. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60

U . . . . . . . . . . . . . . . Securities Exchange Act of 1934. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60

V . . . . . . . . . . . . . . . Fair Credit Reporting Act (FCRA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28

W . . . . . . . . . . . . . . Federal Reserve Act (FRA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34

X (HUD) . . . . . . . . Real Estate Settlement Procedures Act (RESPA) . . . . . . . . . . . . . . . . . . . . . . .53

X (FRS) . . . . . . . . . Securities Exchange Act of 1934 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60

Y . . . . . . . . . . . . . . . Bank Holding Company Act (BHCA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11

Z . . . . . . . . . . . . . . . Truth in Lending Act (TILA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .66

ABA's Quick Reference Guide to Banking Laws and Regulations

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