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
Jan 20, 2021 | NewsWatch Today
CFPB finalizes escrow relief

The Consumer Financial Protection Bureau issued a final rule implementing ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans.

Jan 19, 2021 | NewsWatch Today
USDA finalizes hemp rule

The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for testing THC levels, compliance provisions, and more.

Jan 19, 2021 | NewsWatch Today
CFPB issues compliance guide for debt collection rule

The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule.

Jan 14, 2021 | NewsWatch Today
CFPB issues guidance on Limited English Proficiency consumers

The Consumer Financial Protection Bureau issued guidance that encourages financial institutions to better serve Limited English Proficiency consumers.

Jan 4, 2021 | NewsWatch Today
CFPB issues annual threshold adjustments

The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules, effective Jan. 1, 2021.

Jan 4, 2021 | NewsWatch Today
Congress overrides defense bill veto advancing 'beneficial owner' reform

In one of the last votes of the 116th Congress, lawmakers overturned President Trump's veto of a defense spending bill advancing ICBA-advocated BSA/AML reforms.

Dec 22, 2020 | NewsWatch Today
CFPB issues advisory opinion on SPCPs

The Consumer Financial Protection Bureau issued an advisory opinion to address regulatory uncertainty regarding Regulation B related to special purpose credit programs to meet special social needs.

Dec 21, 2020 | NewsWatch Today
FinCEN proposes virtual currency recordkeeping rules

The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual currency or digital assets with legal tender status.

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