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 1, 2024 | NewsWatch Today
ICBA backs congressional challenge to credit card late fee rule

ICBA expressed support for Rep. Andy Barr’s (R-Ky.) introduction of a resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.

Mar 29, 2024 | NewsWatch Today
FinCEN seeks comments on customer identification requirements

The Financial Crimes Enforcement Network issued a request for information related to existing requirements for banks under the Customer Identification Program Rule to collect a taxpayer identification number from customers before opening an account.

Mar 28, 2024 | NewsWatch Today
CFPB issues guidance on remittance advertising

The Consumer Financial Protection Bureau issued a circular warning remittance transfer providers—including digital wallets—that false advertising about the cost or speed of sending a remittance transfer can violate federal law.

Mar 22, 2024 | NewsWatch Today
Agencies extend certain CRA rule application dates

Federal regulators issued an interim final rule that extends the applicability date of certain provisions in their Community Reinvestment Act final rule issued in October.

Mar 21, 2024 | NewsWatch Today
OCC to host Project REACh financial inclusion summit

The OCC opened registration for its Project REACh Financial Inclusion Summit, scheduled for May 29-30 in Washington, D.C.

Mar 7, 2024 | NewsWatch Today
SEC finalizes ICBA-opposed climate-disclosure rule

The Securities and Exchange Commission approved a final rule requiring climate-related investor disclosures with some ICBA-advocated relief for publicly held community banks, though ICBA said it remains concerned with the rule.

Mar 6, 2024 | NewsWatch Today
CFPB finalizes rule on credit card late fees with community bank exemption

ICBA said it remains concerned about the unintended consequences of a newly released Consumer Financial Protection Bureau final rule to cut credit card late fees despite an exemption for the nation’s community banks.

Mar 5, 2024 | Press Release
ICBA Statement on CFPB Rulemaking on Credit Card Late Fees

Independent Community Bankers of America President and CEO Rebeca Romero Rainey released the following statement on today’s Consumer Financial Protection Bureau final rule on credit card fees for late payments.

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