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 2, 2021 | NewsWatch Today
CFPB ‘warns’ mortgage servicers about foreclosure wave

The Consumer Financial Protection Bureau “warned” mortgage servicers to take all necessary steps to prevent a wave of foreclosures this fall.

Apr 2, 2021 | NewsWatch Today
FinCEN begins implementing new reporting provisions

The Financial Crimes Enforcement Network is seeking public comment by May 5 on implementing new beneficial ownership information requirements.

Apr 1, 2021 | NewsWatch Today
Agencies issue 2020 HMDA data

Regulators released 2020 Home Mortgage Disclosure Act Loan Application Register data for approximately 4,400 HMDA filers. Annual loan-level LAR data for each HMDA filer are made available online by March 31.

Apr 1, 2021 | NewsWatch Today
CFPB rescinds policy statements granting temporary relief

The Consumer Financial Protection Bureau rescinded seven policy statements issued last year that provided temporary flexibilities to financial institutions on mortgage lending, credit reporting, credit cards, and prepaid cards.

Apr 1, 2021 | NewsWatch Today
Fed adopts rule on supervisory guidance

The Federal Reserve Board adopted a final rule outlining and confirming the use of supervisory guidance for regulated institutions.

Mar 31, 2021 | NewsWatch Today
Agencies issue updated HMDA guide

The Federal Financial Institutions Examination Council issued the 2021 edition of “A Guide to HMDA Reporting: Getting It Right!” for HMDA-related data collected in 2021 and reported in 2022.

Mar 24, 2021 | NewsWatch Today
Large payments companies move to single exam

The Conference of State Bank Supervisors said 13 nationwide payments firms have undergone or are undergoing their single comprehensive exams during the first quarter as part of the "One Company, One Exam" program.

Mar 23, 2021 | NewsWatch Today
CFPB reports on debt-collection rule

The Consumer Financial Protection Bureau released its 2020 annual report to Congress on the Fair Debt Collection Practices Act, including public enforcement action details.

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