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
Jul 27, 2023 | NewsWatch Today
CFPB report targets consumer financial products

The Consumer Financial Protection Bureau released a new Supervisory Highlights report on unfair, deceptive, and abusive acts or practices across various consumer financial products.

Jul 27, 2023 | NewsWatch Today
New compliance note on sanctions-related self-disclosures

The Treasury, Commerce, and Justice departments issued a joint compliance note focusing on voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws.

Jul 24, 2023 | NewsWatch Today
Fed’s Barr: Fair lending oversight needs to adapt to technological change

The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

Jul 21, 2023 | NewsWatch Today
Court ruling opens door to more legal disputes over debts

A U.S. appeals court this week issued a decision that widens the avenue for consumers to challenge their debt under the Fair Credit Reporting Act.

Jul 12, 2023 | NewsWatch Today
CFPB: Most consumer complaints target credit reports

The Consumer Financial Protection Bureau said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.

Jul 12, 2023 | NewsWatch Today
CFPB, OCC penalize BofA for re-presentment fees, other practices

The Consumer Financial Protection Bureau and OCC announced penalties against Bank of America for assessing multiple overdraft and non-sufficient-funds fees against customers for a single transaction, among other practices.

Jul 3, 2023 | NewsWatch Today
CFPB signals focus on AI in loan underwriting

The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models create a disparate impact on borrowers.

Jul 3, 2023 | NewsWatch Today
Grassroots push continues on key issues

ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions among other resolutions.

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