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
May 12, 2023 | NewsWatch Today
FHFA rescinds upfront fees based on debt-to-income ratio

The Federal Housing Finance Agency rescinded its previously announced upfront fees for certain borrowers with a debt-to-income ratio above 40%.

May 12, 2023 | NewsWatch Today
CFPB issues guidance on reopening closed deposit accounts

The Consumer Financial Protection Bureau issued a circular affirming that banks might violate federal law if they unilaterally reopen a deposit account to process transactions after a consumer has already closed it.

May 5, 2023 | NewsWatch Today
ICBA to CFPB: Withdraw proposed rule on credit card late fees

ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments.

May 4, 2023 | Press Release
ICBA Urges CFPB to Withdraw Proposed Rule on Credit Card Late Fees

ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments, saying the proposed rule sends the wrong message that punctual credit card payments are not a significant priority.

May 3, 2023 | NewsWatch Today
ICBA, groups request comment extension on late-fee proposal

ICBA and other groups asked the Consumer Financial Protection Bureau to extend the comment deadline on its proposed rule on credit card penalty fees by 45 days, to June 18.

Apr 27, 2023 | NewsWatch Today
FDIC, OCC issue guidance on overdraft programs

The FDIC and OCC issued supervisory guidance on consumer compliance risks associated with bank overdraft protection programs.

Apr 27, 2023 | NewsWatch Today
CFPB issues guidance on ‘zombie mortgage’ collection tactics

The Consumer Financial Protection Bureau issued guidance on debt collectors threatening to foreclose on homes with mortgages past the statute of limitations.

Apr 26, 2023 | NewsWatch Today
Treasury calls for response to de-risking

The Treasury Department issued a strategy on de-risking, which occurs when financial institutions terminate or restrict business relationships indiscriminately with broad categories of customers rather than analyzing and managing the risk of those customers.

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