Compliance News

In today’s banking environment as soon as one big new regulation is implemented another pops up. Our compliance resources help your community bank stay one step ahead of the regulators.

Regulations and Guidance
Oct 25, 2024 | NewsWatch Today
CFPB: Companies must follow FCRA rules when tracking employees

The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.

Oct 18, 2024 | NewsWatch Today
FinCEN: Certain telecommunications service providers are exempt from beneficial ownership requirements

The Financial Crimes Enforcement Network issued a final rule to clarify that certain telecommunications service providers qualify as “regulated public utilities” and are exempt from the Corporate Transparency Act’s beneficial ownership information reporting requirements. The final rule is effective immediately upon publication in the Federal Register.

Oct 18, 2024 | NewsWatch Today
FDIC extends compliance date for some signage rules

The FDIC announced that it is extending the compliance date for the new signage and advertising rule from Jan. 1, 2025, to May 1, 2025.

Oct 16, 2024 | NewsWatch Today
Agencies adjust HPML, Reg Z, and Reg M exemption thresholds

The agencies issued three annual threshold adjustment final rules, effective Jan. 1.

Oct 7, 2024 | NewsWatch Today
Agencies adjust regulatory thresholds

Federal regulators announced 2025 updates to key regulatory thresholds.

Oct 2, 2024 | NewsWatch Today
CFPB issues advisory on medical debt collection

The Consumer Financial Protection Bureau issued an advisory opinion that said debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate or legally invalid medical debts.

Sep 24, 2024 | NewsWatch Today
ICBA files appellate brief in CRA rule legal challenge

ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.

Sep 23, 2024 | NewsWatch Today
CFPB proposes amendment to remittance transfer rule

The Consumer Financial Protection Bureau issued a proposed rule with an amendment to disclosure requirements for certain international money transfers.

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