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
Apr 14, 2023 | NewsWatch Today
Agencies issue updated HMDA guide

The Federal Financial Institutions Examination Council issued the 2023 edition of “A Guide to HMDA Reporting: Getting It Right!” for HMDA-related data collection and reporting.

Apr 13, 2023 | NewsWatch Today
ICBA releases 1071 rule summary ahead of briefing

ICBA published a summary of the Consumer Financial Protection Bureau’s recently released Section 1071 final rule ahead of tomorrow’s ICBA briefing on the rule.

Apr 10, 2023 | NewsWatch Today
CFPB reports on small entities’ calls to restrict impact of 1033 rule

The CFPB this week released its Small Business Regulatory Enforcement Fairness Act report on its pending rulemaking to establish standards for sharing consumer financial data, setting the stage for the bureau to issue a proposed rule.

Apr 6, 2023 | NewsWatch Today
FDIC reports effective consumer compliance

The FDIC conducted roughly 1,000 consumer compliance examinations last year and found supervised institutions demonstrated effective management of their consumer compliance responsibilities, the agency said.

Apr 6, 2023 | NewsWatch Today
CFPB launches 1071 technical support program

The Consumer Financial Protection Bureau launched a technical support program to help financial institutions implement and comply with its newly released Section 1071 final rule.

Apr 4, 2023 | NewsWatch Today
CFPB issues guidance on abusive conduct

The Consumer Financial Protection Bureau issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes precedent.

Apr 3, 2023 | NewsWatch Today
FinCEN reports on business email compromise in the real estate sector

The Financial Crimes Enforcement Network issued an analysis on patterns and trends identified in Bank Secrecy Act data relating to business email compromise in the real estate sector in 2020 and 2021.

Apr 3, 2023 | NewsWatch Today
Hsu says overdraft practices pose UDAP risks

Acting Comptroller of the Currency Michael Hsu said not all overdraft fees present equal compliance risks and spotlighted “authorize positive, settle negative” and re-presentment fees as particularly risky.

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