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
Feb 24, 2022 | NewsWatch Today
CFPB issues QM fact sheet on certain adjustable-rate loans

The Consumer Financial Protection Bureau released a fact sheet on the interest rate used to calculate prepaid interest for qualified mortgages under the price-based General QM definition.

Feb 24, 2022 | NewsWatch Today
CFPB launches review of automated appraisal models

The Consumer Financial Protection Bureau released an outline of options to strengthen oversight of computer models used to help determine home valuations.

Feb 23, 2022 | NewsWatch Today
OCC issues FAQs on CRA rescission

The OCC issued responses to frequently asked questions about its December 2021 final rule that rescinded its June 2020 Community Reinvestment Act rule and reinstated the 1995 interagency CRA rule.

Feb 16, 2022 | Press Release
ICBA Backs Bills to Tailor CFPB’s 1071 Reporting Rule

ICBA today expressed support for three House bills to mitigate the negative impact of a Consumer Financial Protection Bureau proposal implementing new data collection and reporting requirements for small-business loans.

Feb 11, 2022 | NewsWatch Today
CFPB: Banks already changing overdraft policies

The Consumer Financial Protection Bureau said there has been a “notable trend” of banks changing overdraft programs as the bureau begins targeting overdraft and non-sufficient fund fees.

Jan 20, 2022 | NewsWatch Today
CFPB study: Depositories lead on supplier diversity

A Consumer Financial Protection Bureau study on diversity and inclusion in the financial services sector found depository lenders had the strongest showing in the area of supplier diversity.

Jan 18, 2022 | NewsWatch Today
CFPB announces settlement on consumer task force

The Consumer Financial Protection Bureau settled a lawsuit alleging that its Taskforce on Federal Consumer Financial Law did not comply with the Federal Advisory Committee Act.

Jan 10, 2022 | NewsWatch Today
FDIC releases call report materials

The FDIC released materials pertaining to call reports for the Dec. 31, 2021, report date, which are generally due by Sunday, Jan. 30.

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