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 8, 2021 | NewsWatch Today
CFPB issues FAQ on EFT and Reg E

The Consumer Financial Protection Bureau issued frequently asked questions on unauthorized transfer and error resolution provisions under the Electronic Fund Transfer Act and Regulation E.

May 28, 2021 | NewsWatch Today
CFPB: Manufactured housing borrowers have higher interest rates

Roughly 42 percent of loans for manufactured homes are secured by “chattel” loans secured by the home but not the land, according to a report from CFPB.

May 24, 2021 | NewsWatch Today
OCC finalizes rule on collective investment funds

The OCC finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable.

May 19, 2021 | NewsWatch Today
OCC reconsidering CRA final rule

ICBA expressed support for an OCC announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection.

May 17, 2021 | NewsWatch Today
CFPB updates TRID rule FAQs

The Consumer Financial Protection Bureau issued additional frequently asked questions on its TILA-RESPA integrated disclosure rule.

May 10, 2021 | NewsWatch Today
ARRC issues market indicators supporting LIBOR alternative

The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured Overnight Financing Rate term rate to support the transition away from LIBOR.

May 5, 2021 | NewsWatch Today
CFPB reports on mortgage borrower challenges

The Consumer Financial Protection Bureau said more needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.

Apr 30, 2021 | NewsWatch Today
IRS reporting plan would increase burdens: ICBA’s Merski

ICBA’s Paul Merski told Bloomberg that additional IRS reporting being floated this week by the Biden administration would increase compliance burdens for community banks.

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