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
Mar 28, 2023
ICBA to Congress: CFPB Should Delay 1071 Rule as Supreme Court Considers Constitutionality

The Independent Community Bankers of America (ICBA) today called on the Consumer Financial Protection Bureau to delay the release of its final rule implementing Section 1071 small-business data collection and reporting requirements until the Supreme Court has ruled on the constitutionality of the agency’s funding structure.

Mar 27, 2023 | NewsWatch Today
FinCEN publishes guidance on beneficial ownership reporting

The Financial Crimes Enforcement Network published its first set of guidance materials to help small businesses understand upcoming beneficial ownership information reporting requirements taking effect on Jan. 1, 2024.

Mar 24, 2023 | NewsWatch Today
Court rules for CFPB funding structure ahead of Supreme Court review

A U.S. appeals court ruled that the Consumer Financial Protection Bureau’s funding structure is constitutional as the Supreme Court prepares to consider the question later this year.

Mar 23, 2023 | NewsWatch Today
ICBA backs bill to enhance regulatory flexibility

ICBA expressed support for legislation to support more flexible agency rules that take account of the size and compliance resources of small businesses.

Mar 23, 2023 | NewsWatch Today
Comments on TRID mortgage disclosures due next week

ICBA continues encouraging community bankers to submit comments by next week’s deadline urging the Consumer Financial Protection Bureau to test and ultimately adopt an ICBA proposal to update mortgage disclosures.

Mar 22, 2023 | NewsWatch Today
CFPB expands survey of credit card issuers

The Consumer Financial Protection Bureau announced an updated survey of credit card issuers designed to help consumers and families compare interest rates and other features when shopping for a new credit card.

Mar 20, 2023 | NewsWatch Today
CFPB updates rules with agency contact info

The Consumer Financial Protection Bureau issued a final rule to make non-substantive corrections and updates to federal agency contact information in Regulations B, E, F, J, V, X, Z, and DD.

Mar 13, 2023 | NewsWatch Today
House committee starts flood insurance reauthorization process

The House Financial Services Committee kicked off its efforts to reauthorize the National Flood Insurance Program before it expires Sept. 30.

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