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
Jan 23, 2023 | NewsWatch Today
ICBA urges CFPB to preempt state TILA law

The Consumer Financial Protection Bureau was incorrect in determining that the Truth in Lending Act does not preempt a recently enacted New York State disclosure law, ICBA said in a new comment letter.

Jan 23, 2023 | NewsWatch Today
ICBA, groups to CFPB: Seek input on review of credit card late fee safe harbor

ICBA and other groups called on the Consumer Financial Protection Bureau to comply with the Small Business Regulatory Enforcement Fairness Act as it considers reducing or eliminating the safe harbor fee that credit card issuers may charge to avoid scrutiny of their fees as unreasonable.

Jan 20, 2023 | NewsWatch Today
CFPB issues guidance on ‘negative option’ subscriptions

The Consumer Financial Protection Bureau issued a circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.

Jan 19, 2023 | NewsWatch Today
FinCEN announces BSA penalty inflation adjustments

The Financial Crimes Enforcement Network today is set to issue a final rule to reflect annual inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990.

Jan 19, 2023 | NewsWatch Today
CFPB updates mortgage servicing exam procedures

The Consumer Financial Protection Bureau released updated mortgage servicing examination procedures for use by CFPB examiners.

Jan 18, 2023 | NewsWatch Today
OCC details civil money penalty adjustment

The OCC issued a bulletin on its adjustment to the maximum amount of each civil money penalty within its jurisdiction.

Jan 17, 2023 | NewsWatch Today
FinCEN issues alert on human smuggling at southwest border

The Financial Crimes Enforcement Network issued an alert to support financial institutions in detecting financial activity related to human smuggling along the southwest border of the United States.

Jan 13, 2023 | NewsWatch Today
OCC issues revised fair lending booklet

The OCC issued a revised version of the “Fair Lending” booklet of the Comptroller’s Handbook.

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