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
Jun 29, 2022 | NewsWatch Today
CFPB: States can issue fair credit reporting laws

The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.

Jun 28, 2022 | Press Release
ICBA, Groups Urge CFPB to Rescind Revised Examination Manual

The Independent Community Bankers of America (ICBA) and other groups issued a joint white paper detailing why recent Consumer Financial Protection Bureau actions to expand its examination of banks for discrimination exceeds the bureau’s legal authority.

Jun 23, 2022 | NewsWatch Today
CFPB initiates review of credit card late fees

The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.

Jun 23, 2022 | NewsWatch Today
CFPB planning 1071 final rule by March 2023

The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 2023, according to a timeline released by the Office of Management and Budget.

Jun 17, 2022 | NewsWatch Today
Committee reschedules ILC, overdraft markup

The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this Wednesday, June 22.

Jun 17, 2022 | NewsWatch Today
CFPB gathering overdraft data for regulatory follow-up

The Consumer Financial Protection Bureau said it intends to use information it is gathering from financial institutions on their overdraft practices to identify institutions for further regulatory review.

Jun 9, 2022 | NewsWatch Today
CFPB terminates Upstart no-action letter

The Consumer Financial Protection Bureau said it terminated Upstart Network from its list of approved “no-action letters” at Upstart’s request.

May 27, 2022 | NewsWatch Today
ICBA requests records on CFPB’s 1071 rulemaking

ICBA and other groups filed a Freedom of Information Act request seeking Consumer Financial Protection Bureau records on its implementation of Section 1071 of the Dodd-Frank Act.

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