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 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.

Jan 12, 2023 | NewsWatch Today
CFPB proposes nonbank registry of form contract terms

The Consumer Financial Protection Bureau proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts.

Jan 6, 2023 | NewsWatch Today
CFPB planning ‘pre-rule’ overdraft activity: agenda

The Biden Administration’s Office of Information and Regulatory Affairs published the regulatory agencies’ fall 2022 rulemaking agenda.

Jan 5, 2023 | NewsWatch Today
CFPB accepting HMDA data submissions

The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2022 opened on Jan. 1. Submissions will be considered timely if received on or before Wednesday, March 1.

Jan 5, 2023 | NewsWatch Today
GSE Form 1103, fair lending requirements effective March 1

Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.

Jan 4, 2023 | NewsWatch Today
Banking agencies issue new crypto guidance

Federal banking regulators issued a statement highlighting key crypto risks for banking organizations and describing the agencies’ approaches to supervision in this area.

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