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
Jan 5, 2023 | NewsWatch Today
CFPB accepting HMDA data submissions

The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2022 opened on Jan. 1. Submissions will be considered timely if received on or before Wednesday, March 1.

Jan 5, 2023 | NewsWatch Today
GSE Form 1103, fair lending requirements effective March 1

Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.

Jan 4, 2023 | NewsWatch Today
Banking agencies issue new crypto guidance

Federal banking regulators issued a statement highlighting key crypto risks for banking organizations and describing the agencies’ approaches to supervision in this area.

Jan 3, 2023 | NewsWatch Today
CFPB updates TILA thresholds

The Consumer Financial Protection Bureau issued a final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act, to update the dollar amounts of various thresholds that it must adjust annually.

Jan 3, 2023 | NewsWatch Today
CFPB adjusts asset-size thresholds

The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.

Dec 19, 2022 | NewsWatch Today
CFPB updates HELOC brochure

The Consumer Financial Protection Bureau issued an update to its “What you should know about home equity lines of credit” brochure.

Dec 16, 2022 | NewsWatch Today
Regulators adopt Fair Debt Collection Practices Act exam procedures

The Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act and its implementing Regulation F.

Dec 16, 2022 | NewsWatch Today
N.Y. banking agency issues crypto guidance

The New York Department of Financial Services released guidance for New York-regulated banking organizations that wish to engage in virtual currency-related activities.

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