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
Sep 15, 2022 | NewsWatch Today
CFPB: Credit report furnishers must investigate disputes

The Consumer Financial Protection Bureau said the Fair Credit Reporting Act requires credit report furnishers to investigate potential inaccuracies in consumer credit reports.

Sep 2, 2022 | NewsWatch Today
OCC announces assessment rate cuts targeting community banks

The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.

Aug 15, 2022 | NewsWatch Today
CFPB planning inquiry on credit card interest rates

The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.

Jul 29, 2022 | NewsWatch Today
OCC issues CRA fact sheets ahead of comment deadline

The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.

Jul 29, 2022 | NewsWatch Today
CFPB adds new debt-collection FAQs

The Consumer Financial Protection Bureau added a new section to its frequently asked questions on the Debt Collection Rule in Regulation F.

Jul 13, 2022 | NewsWatch Today
CFPB confirms March 2023 for 1071 final rule

The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 31, 2023, according to court filing.

Jul 8, 2022 | NewsWatch Today
CFPB issues advisory on credit report privacy restrictions

The Consumer Financial Protection Bureau issued a legal interpretation on the permissible purposes for companies to use and share credit reports and background reports under the Fair Credit Reporting Act.

Jul 7, 2022 | NewsWatch Today
Agencies encourage risk-based approach to customer due diligence

Federal financial services regulators issued a joint statement to remind banks of the risk-based approach to assessing customer relationships and conducting customer due diligence.

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