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
May 23, 2024 | NewsWatch Today
CFPB rule says BNPL lenders are credit card providers

The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

May 20, 2024 | NewsWatch Today
CFPB plans to extend 1071 compliance deadline following court ruling

The Consumer Financial Protection Bureau said it plans to extend the compliance deadline on its 1071 small-business data collection and reporting rule following a Supreme Court ruling that ended a temporary injunction on the rule.

May 17, 2024 | NewsWatch Today
Supreme Court finds CFPB funding structure constitutional

The Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s funding structure, reversing the appellate court’s decision that held the CFPB’s funding violates the constitution’s appropriations clause.

May 6, 2024 | NewsWatch Today
Agencies issue community bank guide on third-party relationships

The federal banking regulators released a guide for community banks on managing risk in third-party relationships.

May 2, 2024 | NewsWatch Today
Fannie, Freddie publish new policies on value reconsiderations

Fannie Mae and Freddie Mac published new Reconsideration of Value policies after collaborating with the Federal Housing Finance Agency and Federal Housing Administration.

Apr 30, 2024 | NewsWatch Today
FHFA releases fair lending final rule

The Federal Housing Finance Agency released a final rule to codify fair lending and fair housing standards.

Apr 22, 2024 | NewsWatch Today
FinCEN: $27B in elder financial exploitation reported by financial institutions

Financial institutions reported $27 billion in suspicious activities linked to elder financial exploitation from 2022 to 2023, according to the Financial Crimes Enforcement Network.

Apr 19, 2024 | NewsWatch Today
ICBA whitepaper explores trends in fair lending and redlining practices

A new ICBA whitepaper provides an in-depth look at current trends in fair lending and the scrutiny of redlining practices.

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