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
Mar 19, 2021 | NewsWatch Today
New Nacha rules take effect today

Two new Nacha rules take effect today on Same Day ACH and account validation.

Mar 12, 2021 | NewsWatch Today
Agencies propose private flood insurance Q&As

Federal regulators requested comments on 24 proposed interagency questions and answers regarding private flood insurance.

Mar 12, 2021 | NewsWatch Today
CFPB rescinds abusiveness policy statement

The Consumer Financial Protection Bureau said it is rescinding its January 2020 “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”

Mar 10, 2021 | NewsWatch Today
FinCEN issues AML notice on art, antiquities

The Financial Crimes Enforcement Network issued a notice on Anti-Money Laundering Act of 2020 requirements related to antiquities and arts.

Mar 10, 2021 | NewsWatch Today
CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity

The Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes discrimination related to sexual orientation and gender identity.

Mar 9, 2021 | NewsWatch Today
Agencies update CRA FAQs

Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the COVID-19 pandemic.

Mar 5, 2021 | NewsWatch Today
New Same Day ACH window in effect this month

Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes effect on at 4:45 p.m. (Eastern time) Friday, March 19.

Mar 4, 2021 | NewsWatch Today
CFPB proposes delaying new QM rule

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

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