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The OCC will host "Mastering the Basics: A Director's Challenge," a three-day workshop designed exclusively for directors of supervised institutions, in Nashville, Tennessee on June 2–4, 2014. The workshop provides practical information on the roles and responsibilities of a community bank director. The workshop fee is $99 and is limited to the first 35 registrants.

Treasury has announced the designation of two individuals and nine entities for aiding Iranian ballistic missile procurement and for support to the Government of Iran in evading oil sector sanctions pursuant to Executive Orders (E.O.) 13382 and 13645, respectively. Removals from the SDN List were also announced. Information regarding the changes has been posted in a BOL OFAC Update.

The OCC has issued a reminder to national banks and federal savings association of the following actions they can take to assist victims of extreme weather:

• waiving or reducing ATM fees
• temporarily waiving late payment fees or penalties for early withdrawal of savings for affected customers
• restructuring borrowers' debt obligations, when appropriate, by altering or adjusting payment terms and providing payment extensions that reflect individual borrower situations and generally not exceeding 90 days
• expediting lending decisions, consistent with safety and soundness principles
• reassessing the current credit needs of the community and helping meet those needs by originating or participating in sound loans to rebuild damaged property
• contacting state and federal agencies, as well as other financial institutions, to help mitigate the effects of the event

In addition, HUD has announced it will speed federal disaster assistance to the State of Arkansas and provide support to homeowners and low-income renters forced from their homes due to severe storms, tornadoes and flooding.

OCC Alert 2014-22 has been issued with a warning about fictitious correspondence regarding funds purportedly under the control of the OCC, "Federal Reserve Bank," and possibly other government entities. The correspondence in question contains the name of a fictitious OCC employee, Bright L. Wong; includes a non-existent OCC mailing address; and may be distributed via e-mail, fax, or postal mail. Samples [Sample 1; Sample 2] of fake correspondence accompanied the Alert.

Treasury has announced the designation of seven Russian government officials, including two key members of the Russian leadership's inner circle, and 17 entities pursuant to Executive Order 13661. The executive order authorizes sanctions on, among others, officials of the Russian Government and any individual or entity that is owned or controlled by, that has acted for or on behalf of, or that has provided material or other support to, a senior Russian government official. A statement on Treasury's action was also issued by Secretary Lew. Information regarding the designated individuals and entities has been posted in a BOL OFAC Update.

A Board Action Bulletin has been issued by the NCUA announcing approvals of the following items at its April 24, 2014, board meeting:

• a final rule to provide greater security for the credit union system by requiring capital planning and stress testing for credit unions with assets greater than $10 billion
• a proposed rule to clarify requirements for associational common bond groups for federal credit union membership and streamline approval of recognized groups
• an expansion of CME Federal Credit Union's community charter to serve eight counties in the vicinity of Columbus, Ohio

OFAC has announced the deletion of 23 SDNT listings (including several "a.k.a." entries) from its list of specially-designated nationals. Changes to two other existing designations were also announced. Information regarding the deletions and changes have been posted in a BOL OFAC Update.

The CFPB's proposed rule and request for comment that would amend the Remittance Transfers Rule in subpart B of Regulation E (12 CFR Part 1005) has been published in today's Federal Register. Our April 16 Top Stories summarizes the proposal. Comments are due by May 27, 2014.

The OCC has issued an alert on counterfeit cashier's checks bearing the correct routing number of Cumberland Federal Bank FSB, Cumberland, Wisconsin. The checks are being presented for payment nationwide in connection with various online purchase overpayment scams. Information regarding the counterfeit cashier's checks has been posted on the BOL Alerts & Counterfeits page.

The FDIC Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, April 24, 2014, in Washington, D.C. to discuss Safe Accounts, mobile financial services, financial education opportunities and consumer demand for small dollar loans. The meeting, scheduled from 9:00 a.m. to 3:15 p.m. in the FDIC Board Room, is open to the public and also will be webcast live.