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 19, 2024 | NewsWatch Today
CFPB releases FAQs on ‘buy now, pay later’ products

The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay later” products.

Sep 18, 2024 | NewsWatch Today
CFPB: Banks need to keep proof of consent for certain overdraft fees

The Consumer Financial Protection Bureau issued a circular that says a financial institution violates the Electronic Fund Transfer Act and Regulation E if “there is no proof that it has obtained consumers’ affirmative consent before levying overdraft fees for ATM and one-time debit card transactions.”

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 28, 2024 | NewsWatch Today
FinCEN: Financial institutions should remain vigilant to transactions associated with synthetic opioids

The Financial Crimes Enforcement Network reminded financial institutions to monitor for and report suspicious transactional activity related to the illicit fentanyl supply chain and the trafficking of illicit fentanyl and other synthetic opioids.

Aug 19, 2024 | NewsWatch Today
CFPB updates small business lending instructions

The Consumer Financial Protection Bureau updated its 2025 Small Business Lending Filing Instructions Guide.

Aug 19, 2024 | NewsWatch Today
FDIC publishes Q&As on official signage

The FDIC published questions and answers related to its final rule governing the usage of official FDIC signs, advertising, name, logo, and more.

Aug 14, 2024 | NewsWatch Today
CFPB: federal rules apply to contract-for-deed arrangements

The Consumer Financial Protection Bureau issued an advisory opinion and research report on contracts for deed, a form of home seller financing.

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.

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