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
Apr 29, 2021 | NewsWatch Today
CFPB reports on fair lending enforcement

The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

Apr 29, 2021 | NewsWatch Today
CFPB: More complaints from minority counties

The Consumer Financial Protection Bureau released a county-by-county analysis of consumer complaints. The bureau said it received more complaints per capita from consumers living in predominantly minority counties in 2019 and 2020

Apr 28, 2021 | NewsWatch Today
CFPB delays new QM rule

The Consumer Financial Protection Bureau issued a final rule formally delaying the mandatory compliance date of its recently modified general Qualified Mortgage final rule from July 1, 2021, to Oct. 1, 2022.

Apr 14, 2021 | NewsWatch Today
CFPB reaches settlement with Settlelt

The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint alleges that the company failed to disclose its relationship to certain creditors.

Apr 12, 2021 | NewsWatch Today
Agencies issue joint statement on BSA/AML compliance

Federal regulators issued a joint statement addressing how risk management principles in “Supervisory Guidance on Model Risk Management” relate to banking systems or models designed for Bank Secrecy Act compliance.

Apr 12, 2021 | NewsWatch Today
FDIC seeks input on modernizing sign, ad rules

The FDIC said it is seeking input on potentially modernizing its sign and advertising requirements related to FDIC deposit insurance to better reflect how banks and consumers operate.

Apr 8, 2021 | NewsWatch Today
CFPB proposes delaying debt collection rules

The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply.

Apr 6, 2021 | NewsWatch Today
CFPB proposes servicing changes to prevent foreclosures

The Consumer Financial Protection Bureau proposed a set of rules changes to prevent foreclosures as emergency protections expire.

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