Bank Compliance Center

In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.

Recent Compliance News


Sep 15, 2025 | NewsWatch Today
Nacha to automate ACH audit proof process

Nacha announced that, starting next month, the process of requesting proof of an ACH Rules compliance audit will be automated through its Risk Management Portal.

Jul 3, 2025 | NewsWatch Today
CFPB confirms plan to issue new rule on 1071, extend deadlines

The Consumer Financial Protection Bureau said it plans to issue new Section 1071 rulemaking as soon as possible and has extended compliance deadlines for most entities by one year—an extension designed to protect lenders that are not members of ICBA and not otherwise protected by the current stay.

Jun 27, 2025 | NewsWatch Today
Agencies issue 2025 list of CRA geographies

Federal banking regulators issued the 2024 list of distressed or underserved nonmetropolitan middle-income geographies.

May 15, 2025 | NewsWatch Today
CFPB withdraws proposed rule on Regulation V

The Consumer Financial Protection Bureau withdrew its proposed rule on data broker practices (Regulation V), calling it unnecessary or appropriate at this time.

Upcoming Compliance Training
Nov 4, 2025 | Institute - Livestream

BSA/AML Institute

Compliance Question of the Week

Question: Under Regulation B, is a bank required to send an adverse action notice to a guarantor?

ANSWER:

An applicant means any person who requests or who has received an extension of credit from a creditor, and includes any person who is or may become contractually liable regarding an extension of credit.

Guarantors are not "applicants" under Regulation B's definition of applicant.

Reference: 1002.2(e).

Question: With the National Flood Insurance Program expiring, and the government shut down to prevent legislative action which would extend the program, are banks able to continue to make loans that are subject to the federal flood insurance statutes?

ANSWER:

Lenders may continue to make loans without flood insurance coverage during this time but must continue to make flood determinations; provide timely, complete, and accurate notices to borrowers; and comply with other applicable parts of the flood insurance regulations. In addition, lenders should evaluate safety and soundness and legal risks and should prudently manage those risks during the lapse period. 

Reference: Interagency Questions and Answers Regarding Flood Insurance Applicability 12

Question: With the U.S. Treasury Department's decision to end production of the U.S. penny, how will financial institutions handle transactions that end in an amount that could not be tendered with a nickel?

ANSWER:

On April 29, 2025, the “Common Cents Act” (H.R. 3074) was introduced in the House of Representatives. As of September 4, 2025, the bill was placed on Union Calendar No. 192 for further review. This proposed legislation directs the Secretary of the Treasury to discontinue minting the penny and requires that all cash transactions be rounded to the nearest five cents.   For transactions that end in an irregular amount, bank customers are able to adjust their deposits or withdrawals to accommodate cash transactions to the nearest nickel.  

At this time, H.R. 3074 has not been passed by either the House or Senate, nor has it been signed into law by the President. Therefore, no final regulatory guidance has been issued for financial institutions. Banks are not yet required to make any operational changes related to coin handling or transaction rounding. However, banks may look to the Federal Reserve's September 2025 FAQ about Penny Deposits and Orders for early guidance.  

ICBA is actively monitoring legislative and regulatory developments related to this bill. We will provide timely updates and implementation guidance to our members as soon as rulemaking progresses.

Reference: 119th Congress H.R. 3074 Report 119-235

Question: Will banks be able to continue to accept pennies from customers and deposit them with the Federal Reserve?

ANSWER:

Yes. The Federal Reserve is committed to accepting deposits of pennies from banks and other financial institutions. As a result of the U.S. Department of the Treasury’s decision to end production of the U.S. penny, coin distribution locations accepting penny deposits will vary over time as localized inventory is depleted at certain coin distribution locations. If a customer’s endpoint is connected to a coin distribution location that is no longer accepting deposits of pennies, they may need to contact their local cash office to coordinate deposits at an alternate location.   


Reference: The Federal Reserve September 2025 FAQ about Penny Deposits and Orders question 2.

Question: How will financial institutions know when the Federal Reserve endpoint they use to order pennies is no longer fulling orders?

ANSWER:

The Federal Reserve is analyzing penny inventory on a weekly basis. When inventory at a specific location is depleted, FedCash Services will cease fulfilling orders of pennies at that specific location. Customers whose endpoints are connected to a location that is no longer fulfilling orders of pennies will see error messages in the FedCash Services application via the FedLine Web® or FedLine Advantage® Solution when attempting to place orders that use the affected endpoint and contain the penny denomination. Federal Reserve Bank customers should regularly check the FedCash Services application for further details and updates about these error messages.

Coin distribution locations accepting deposits will vary over time as localized inventory is depleted. To best meet the needs of commerce, a given endpoint may continue to accept deposits even if it ceases fulfilling orders, while others may cease both orders and deposits simultaneously. The customer may contact their local cash office for an alternate deposit location should their endpoint also cease acceptance of deposits.  Financial Institutions may want to consider separate coin orders to prevent potential penny supply interruptions from delaying any other currency ordered. 

Reference: The Federal Reserve September 2025 FAQ about Penny Deposits and Orders question 3.

Compliance Vault


The ICBA Compliance Vault is now available as a member benefit to all ICBA members.

The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents.

Learn more & open the vault

Compliance Resources


Earn your Community Bank Compliance Officer Certification at the ICBA Compliance Institute

Compliance Graphic Square

To earn the Certified Community Bank Compliance Officer (CCBCO) certification, you will be required to attend this program in its entirety, complete all assignments, and achieve a passing score on the certification exam(s).

The ICBA Compliance Institute is built to meet the needs of seasoned professionals seeking the latest regulatory education and industry best practices as well as newer compliance officers seeking to gain a clear understanding of the fundamental concepts of each regulation.

Learn More
Compliance Graphic Square