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
Sep 6, 2024 | NewsWatch Today
CFPB targets rental, medical debt in latest report

The Consumer Financial Protection Bureau issued its annual report to Congress on debt collection, which focuses on medical debt and rental debt.

Aug 6, 2024 | NewsWatch Today
FHA publishes final rule on engagement with mortgagors in default

The Federal Housing Administration published a final rule to update a HUD regulation that requires mortgagees to meet in person with borrowers who are in default on their mortgage payments.

Aug 6, 2024 | NewsWatch Today
Agencies request comment on data collection proposal

Federal financial regulators requested comment on a proposed rule that would establish data standards for certain information collections submitted to the agencies.

Jul 24, 2024 | NewsWatch Today
Agencies propose amending BSA requirements

Federal banking regulators formally requested comment on a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.

Jul 24, 2024 | NewsWatch Today
CFPB proposal spotlights costs of paycheck advance products

The Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.

Jul 2, 2024 | Press Release
ICBA: Government Underestimates Suspicious Activity Reporting Burden

The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the Financial Crimes Enforcement Network.

Jun 26, 2024 | NewsWatch Today
CFPB extends compliance dates for 1071 rule

The Consumer Financial Protection Bureau issued an interim final rule to extend compliance deadlines for its 1071 small-business rule following a Supreme Court ruling that ended a temporary injunction on the rule.

Jun 21, 2024 | NewsWatch Today
Agencies finalize rule on automated valuation models

Federal financial services regulators issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.

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