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
Sep 28, 2023 | NewsWatch Today
FinCEN proposes extending deadline for filing beneficial owner info

The Financial Crimes Enforcement Network issued a proposal to extend the deadline for certain reporting companies to file their initial beneficial ownership information reports.

Sep 27, 2023 | NewsWatch Today
Senate preps for vote on resolution to reverse 1071 rule

With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Sep 26, 2023 | NewsWatch Today
Fed joins crackdown on re-presented transactions

The Federal Reserve has joined the FDIC and OCC in targeting how banks treat single items that are repeatedly rejected for insufficient funds.

Sep 25, 2023 | NewsWatch Today
Grassroots urgent as Senate prepares to act on 1071 reversal

With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Sep 22, 2023 | NewsWatch Today
CFPB outlines proposals to remove medical bills from credit reports

The Consumer Financial Protection Bureau said it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.

Sep 22, 2023 | NewsWatch Today
FDIC’s Hill cites credit unions in discussion of bank merger review

If the FDIC reopens its policies on bank mergers, it should consider competition from credit unions and other nonbank institutions that perform bank-like functions, FDIC Vice Chairman Travis Hill said.

Sep 22, 2023 | NewsWatch Today
Consumer groups press CFPB for arbitration crackdown

Several consumer groups recently petitioned the Consumer Financial Protection Bureau for a rulemaking on pre-dispute arbitration.

Sep 20, 2023 | NewsWatch Today
CFPB issues guidance on credit denials by lenders using AI

The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.

Do you have further compliance questions?

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