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
May 10, 2022 | NewsWatch Today
CFPB: Equal Credit Opportunity Act protects borrowers after loan

The Consumer Financial Protection Bureau published an advisory opinion affirming that the Equal Credit Opportunity Act bars lenders from discriminating against customers after they have received a loan, not just during the application process.

Apr 11, 2022 | NewsWatch Today
ICBA urges CFPB to reduce remittance rule burden

ICBA called on the Consumer Financial Protection Bureau to reduce the regulatory burden of its rule on remittance transfers to avoid disadvantaging community bank customers.

Mar 31, 2022 | NewsWatch Today
CFPB keeps up drumbeat on overdraft fees

After the Consumer Financial Protection Bureau last week extended the deadline to comment on "exploitive junk fees" charged by financial institutions, the bureau published another blog post targeting overdraft fees.

Mar 31, 2022 | NewsWatch Today
FDIC issues computer incident notification guidance

The FDIC issued guidance on how banks it supervises can comply with recently established interagency incident notification requirements, effective May 1.

Mar 30, 2022 | NewsWatch Today
OCC issues computer incident notification points of contact

The OCC issued a bulletin with the designated points of contact banks must use to satisfy recently established interagency incident notification requirements, effective May 1.

Mar 16, 2022 | NewsWatch Today
Biden signs omnibus with ICBA-advocated fixes

President Joe Biden formally signed into law the $1.5 trillion government funding omnibus with ICBA-advocated provisions related to the SBA’s 504 loan program and LIBOR.

Feb 24, 2022 | NewsWatch Today
CFPB issues QM fact sheet on certain adjustable-rate loans

The Consumer Financial Protection Bureau released a fact sheet on the interest rate used to calculate prepaid interest for qualified mortgages under the price-based General QM definition.

Feb 24, 2022 | NewsWatch Today
CFPB launches review of automated appraisal models

The Consumer Financial Protection Bureau released an outline of options to strengthen oversight of computer models used to help determine home valuations.

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