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 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.

Jun 30, 2023 | NewsWatch Today
FHFA publishes Uniform Appraisal Dataset statistics

The Federal Housing Finance Agency published first-quarter Uniform Appraisal Dataset aggregate data. For the first time, the FHFA's UAD Aggregate Statistics include data on residential property sales comparisons.

Jun 30, 2023 | NewsWatch Today
CFPB: Fair lending enforcement focused on advanced tech

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

Jun 30, 2023 | NewsWatch Today
Task force updates AML-deficiency jurisdiction list

The Financial Action Task Force—a global anti-money-laundering watchdog—updated its statements concerning jurisdictions with strategic AML, terrorist-financing, and weapons-proliferation deficiencies.

Jun 30, 2023 | NewsWatch Today
Agencies release 2022 HMDA data

The Federal Financial Institutions Examination Council released 2022 Home Mortgage Disclosure Act data for 4,460 U.S. financial institutions.

Jun 30, 2023 | NewsWatch Today
CFPB issues FAQs on 1071 rule

The Consumer Financial Protection Bureau issued frequently asked questions on its Section 1071 small-business data collection and reporting rule. The FAQs cover which financial institutions, transactions, and small businesses are covered under the rule.

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