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 21, 2022 | NewsWatch Today
CFPB directs credit bureaus to screen for nonsensical data in credit reports

The Consumer Financial Protection Bureau issued guidance directing consumer reporting companies to take necessary steps to detect and remove conflicting or nonsensical “junk data” from consumer credit reports.

Oct 21, 2022 | NewsWatch Today
Court rules CFPB funding structure unconstitutional

A federal appeals court ruled that the Consumer Financial Protection Bureau's funding method is unconstitutional.

Oct 14, 2022 | NewsWatch Today
CFPB finds high fees on college-endorsed banking products

The Consumer Financial Protection Bureau published a report raising questions about whether some marketing deals between colleges and financial institutions comply with Department of Education rules.

Sep 30, 2022 | NewsWatch Today
FinCEN issues final rule on beneficial ownership reporting

The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.

Sep 27, 2022 | NewsWatch Today
CFPB ending no-action-letter, sandbox policies

The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from Office of Innovation programs.

Sep 23, 2022 | NewsWatch Today
CFPB looks to spur automated mortgage refinancing, forbearance

The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.

Sep 16, 2022 | NewsWatch Today
CFPB planning standards for nonbank ‘buy now, pay later’ lenders

The Consumer Financial Protection Bureau said it is developing consumer protections for “buy now, pay later” products similar to those that apply to credit cards.

Sep 16, 2022 | NewsWatch Today
ICBA urges National Flood Insurance Program extension

ICBA called on Congress to extend the National Flood Insurance Program authorization before it expires Sept. 30 to avoid further disruptions to the housing market.

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