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
Aug 19, 2020 | NewsWatch Today
FinCEN issues statement on BSA enforcement

The Financial Crimes Enforcement Network issued a statement on its approach to enforcing Bank Secrecy Act rules and regulations.

Aug 4, 2020 | NewsWatch Today
FinCEN issues FAQs on customer due diligence

The Financial Crimes Enforcement Network issued responses to three frequently asked questions regarding customer due diligence requirements for covered financial institutions.

Jul 31, 2020 | NewsWatch Today
CFPB posts new HMDA FAQs

The Consumer Financial Protection Bureau released new frequently asked questions on the Home Mortgage Disclosure Act.

Jul 28, 2020 | NewsWatch Today
CFPB seeking feedback on small-biz reporting costs

The Consumer Financial Protection Bureau is conducting a survey of institutions offering small-business credit products to determine potential one-time costs associated with complying with Section 1071 of the Dodd Frank Act.

Jul 21, 2020 | NewsWatch Today
CFPB updates Reg Z thresholds

The Consumer Financial Protection Bureau issued a final rule with its annual amendments to dollar amounts for several provisions in Regulation Z.

Jul 14, 2020 | NewsWatch Today
ICBA seeks updates to Nacha ACH overhaul

ICBA told Nacha that it generally supports a provision in proposed operating rule updates that would employ ACH as a low-cost account-validation method for originators, though it is concerned with the burden on receiving institutions.

Jul 8, 2020 | NewsWatch Today
CFPB rescinds part of small-dollar rule

The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but keeps its payments provisions.

Jul 8, 2020 | NewsWatch Today
CFPB ratifies regulations following Supreme Court decision

The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said the move provides the financial marketplace with certainty that the rules are valid following last week's Supreme Court ruling that the bureau's single-director governance structure is unconstitutional.

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