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
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.

Sep 23, 2022 | NewsWatch Today
CFPB looks to spur automated mortgage refinancing, forbearance

The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.

Sep 16, 2022 | NewsWatch Today
CFPB planning standards for nonbank ‘buy now, pay later’ lenders

The Consumer Financial Protection Bureau said it is developing consumer protections for “buy now, pay later” products similar to those that apply to credit cards.

Sep 16, 2022 | NewsWatch Today
ICBA urges National Flood Insurance Program extension

ICBA called on Congress to extend the National Flood Insurance Program authorization before it expires Sept. 30 to avoid further disruptions to the housing market.

Sep 15, 2022 | NewsWatch Today
CFPB: Credit report furnishers must investigate disputes

The Consumer Financial Protection Bureau said the Fair Credit Reporting Act requires credit report furnishers to investigate potential inaccuracies in consumer credit reports.

Sep 2, 2022 | NewsWatch Today
OCC announces assessment rate cuts targeting community banks

The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.

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