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
Nov 22, 2022 | NewsWatch Today
FHA now accepting private flood insurance

The Federal Housing Administration said it will accept private flood insurance policies in which the borrower chooses to obtain a private policy instead of flood insurance available through the National Flood Insurance Program, effective Dec. 21.

Nov 17, 2022 | NewsWatch Today
CFPB report targets credit bureaus, mortgage servicers

The Consumer Financial Protection Bureau issued a new Supervisory Highlights report spotlighting legal violations identified during its supervisory examinations in the first half of 2022.

Oct 28, 2022 | NewsWatch Today
CFPB kicks off personal financial data rights rulemaking

The Consumer Financial Protection Bureau issued a discussion guide which outlined options to strengthen consumers’ access to, and control over, their financial data as a first step before issuing a proposed data rights rule that would implement section 1033 of the Dodd-Frank Act.

Oct 21, 2022 | NewsWatch Today
CFPB directs credit bureaus to screen for nonsensical data in credit reports

The Consumer Financial Protection Bureau issued guidance directing consumer reporting companies to take necessary steps to detect and remove conflicting or nonsensical “junk data” from consumer credit reports.

Oct 21, 2022 | NewsWatch Today
Court rules CFPB funding structure unconstitutional

A federal appeals court ruled that the Consumer Financial Protection Bureau's funding method is unconstitutional.

Oct 14, 2022 | NewsWatch Today
CFPB finds high fees on college-endorsed banking products

The Consumer Financial Protection Bureau published a report raising questions about whether some marketing deals between colleges and financial institutions comply with Department of Education rules.

Sep 30, 2022 | NewsWatch Today
FinCEN issues final rule on beneficial ownership reporting

The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.

Sep 27, 2022 | NewsWatch Today
CFPB ending no-action-letter, sandbox policies

The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from Office of Innovation programs.

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