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
Apr 19, 2023 | NewsWatch Today
ICBA, states urge House to pass resolution nullifying 1071 rule

ICBA and 44 state community banking associations called on the House of Representatives to approve a resolution to nullify the Consumer Financial Protection Bureau’s 1071 final rule.

Apr 18, 2023 | NewsWatch Today
CFPB issues additional 1071 sample form formats

The Consumer Financial Protection Bureau issued additional file formats for its Section 1071 small-business data-collection sample form.

Apr 17, 2023 | NewsWatch Today
CFPB revises average prime offer rate methodology

The Consumer Financial Protection Bureau announced a revised version of its methodology for determining average prime offer rates.

Apr 14, 2023 | NewsWatch Today
Agencies issue updated HMDA guide

The Federal Financial Institutions Examination Council issued the 2023 edition of “A Guide to HMDA Reporting: Getting It Right!” for HMDA-related data collection and reporting.

Apr 13, 2023 | NewsWatch Today
ICBA releases 1071 rule summary ahead of briefing

ICBA published a summary of the Consumer Financial Protection Bureau’s recently released Section 1071 final rule ahead of tomorrow’s ICBA briefing on the rule.

Apr 10, 2023 | NewsWatch Today
CFPB reports on small entities’ calls to restrict impact of 1033 rule

The CFPB this week released its Small Business Regulatory Enforcement Fairness Act report on its pending rulemaking to establish standards for sharing consumer financial data, setting the stage for the bureau to issue a proposed rule.

Apr 6, 2023 | NewsWatch Today
FDIC reports effective consumer compliance

The FDIC conducted roughly 1,000 consumer compliance examinations last year and found supervised institutions demonstrated effective management of their consumer compliance responsibilities, the agency said.

Apr 6, 2023 | NewsWatch Today
CFPB launches 1071 technical support program

The Consumer Financial Protection Bureau launched a technical support program to help financial institutions implement and comply with its newly released Section 1071 final rule.

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