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
Dec 20, 2023 | Press Release
ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule

The Independent Community Bankers of America (ICBA) today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.

Dec 20, 2023 | NewsWatch Today
Biden vetoes ICBA-advocated 1071 resolution

President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.

Dec 20, 2023 | NewsWatch Today
CFPB issues overdraft report ahead of proposed rule

The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.

Dec 15, 2023 | Press Release
ICBA Strongly Supports Senate Bill to Close ILC Loophole

The Independent Community Bankers of America (ICBA) today expressed its strong support for bipartisan legislation to close the industrial loan company (ILC) loophole, which allows commercial companies to own full-service banks without the same regulatory oversight and violates U.S. policy separating banking and commerce.

Dec 13, 2023 | NewsWatch Today
ICBA supports bill to clarify CFPB’s UDAAP authority

ICBA expressed support for new legislation designed to bring clarity and balance to the Consumer Financial Protection Bureau’s application of its authority to oversee unfair, deceptive, and abusive acts and practices, known as UDAAP.

Dec 7, 2023 | NewsWatch Today
OCC issues guidance on ‘buy now, pay later’ lending

The OCC issued guidance to national banks and federal savings associations to address the risks associated with “buy now, pay later” lending.

Dec 6, 2023 | NewsWatch Today
CFPB to Congress: ICBA mortgage disclosure proposal could benefit housing market

The Consumer Financial Protection Bureau promoted its recent approval of ICBA’s proposed template to improve mortgage disclosures in testimony before Congress.

Dec 4, 2023 | NewsWatch Today
House passes ICBA-advocated resolution to scrap CFPB 1071 rule

ICBA commended the House for passing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.

Do you have further compliance questions?

Note: ICBA members can access an additional 2,500 compliance Q&As in ICBA's Compliance Vault