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
Dec 10, 2021 | NewsWatch Today
CFPB report spotlights mortgage, payday, remittance violations

The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions with more than $10 billion in assets.

Dec 9, 2021 | NewsWatch Today
ICBA 1071 advocacy briefing today

ICBA is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal at 3 p.m. (Eastern time) today, Dec. 9.

Dec 8, 2021 | NewsWatch Today
CFPB issues final rule on LIBOR transition

The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products.

Dec 8, 2021 | NewsWatch Today
FinCEN proposes rule to implement beneficial owner reforms

The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of the Corporate Transparency Act passed in 2020.

Dec 8, 2021 | NewsWatch Today
HUD issues guidance on special-purpose credit programs

The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.

Dec 7, 2021 | NewsWatch Today
ICBA to CFPB: Extend inquiry of largest tech firms

The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in payments and financial services or hold consumer data, ICBA said.

Dec 3, 2021 | NewsWatch Today
ICBA 1071 campaign continues

ICBA this week began calling on community bankers to submit personalized comments on the Consumer Financial Protection Bureau’s proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.

Dec 2, 2021 | NewsWatch Today
Regulators update BSA/AML exam manual

The Federal Financial Institutions Examination Council updated its BSA/AML Examination Manual, which instructs examiners on assessing BSA/AML compliance.

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