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Guidance and proposed rules from regulatory agencies this year kept community banks on their toes, according to the latest Independent Banker magazine.
Details: The article highlights six important compliance updates for community bankers:
The Financial Crimes Enforcement Network’s beneficial ownership rule.
The Consumer Financial Protection Bureau’s guidance on “phantom” opt-in overdraft agreements.
The FDIC’s proposed rule on “for benefit of” accounts in bank-fintech partnerships.
The Cybersecurity and Infrastructure Security Agency’s additional cyber incident reporting rules.
Increased check fraud scrutiny for large banks.
Community Reinvestment Act and Section 1071 final rules.
More: The December edition of Independent Banker also includes articles on this year’s best community banks to work for, the prospects for a farm bill, financial goals of Gen Z, building a better branch, compliance updates, technology, and more.
Access: The magazine is available on the Independent Banker website and via the digital edition.
Digital Subscription: Community bankers also can subscribe to Independent Banker’s newsletter to receive the magazine via email.