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
Oct 2, 2024 | NewsWatch Today
CFPB issues advisory on medical debt collection

The Consumer Financial Protection Bureau issued an advisory opinion that said debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate or legally invalid medical debts.

Sep 24, 2024 | NewsWatch Today
ICBA files appellate brief in CRA rule legal challenge

ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.

Sep 23, 2024 | NewsWatch Today
CFPB proposes amendment to remittance transfer rule

The Consumer Financial Protection Bureau issued a proposed rule with an amendment to disclosure requirements for certain international money transfers.

Sep 19, 2024 | NewsWatch Today
CFPB releases FAQs on ‘buy now, pay later’ products

The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay later” products.

Sep 18, 2024 | NewsWatch Today
CFPB: Banks need to keep proof of consent for certain overdraft fees

The Consumer Financial Protection Bureau issued a circular that says a financial institution violates the Electronic Fund Transfer Act and Regulation E if “there is no proof that it has obtained consumers’ affirmative consent before levying overdraft fees for ATM and one-time debit card transactions.”

Sep 6, 2024 | NewsWatch Today
CFPB targets rental, medical debt in latest report

The Consumer Financial Protection Bureau issued its annual report to Congress on debt collection, which focuses on medical debt and rental debt.

Aug 28, 2024 | NewsWatch Today
FinCEN: Financial institutions should remain vigilant to transactions associated with synthetic opioids

The Financial Crimes Enforcement Network reminded financial institutions to monitor for and report suspicious transactional activity related to the illicit fentanyl supply chain and the trafficking of illicit fentanyl and other synthetic opioids.

Aug 19, 2024 | NewsWatch Today
CFPB updates small business lending instructions

The Consumer Financial Protection Bureau updated its 2025 Small Business Lending Filing Instructions Guide.

Do you have further compliance questions?

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