Compliance News

The Federal Housing Administration published revisions to residency requirements that will eliminate the “Non-permanent Residents” category in both the Single Family Title I and Title II programs.

The Treasury Department announced the formal publication of the Financial Crimes Enforcement Network interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act.

The Consumer Financial Protection Bureau withdrew a court filing in which it previously argued that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E.

The Financial Crimes Enforcement Network published responses to frequently asked questions about its March 11 Geographic Targeting Order to combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States.

The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for withdrawing three ICBA-opposed proposed rules that would harm community banks and the communities they serve.

With some community bank customers inquiring about the security of their bank deposits amid government efforts related to federal spending and bureaucracy, ICBA released customizable language its members can use to answer customer questions.

A U.S. court of appeals temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, as advocated by ICBA.

With some community bank customers inquiring about the security of their bank deposits amid government efforts related to federal spending and bureaucracy, ICBA released customizable language its members can use to answer customer questions.