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 25, 2021 | NewsWatch Today
ICBA seeks more gradual increase of same-day ACH limits

ICBA said it supports Nacha's plan to raise the individual same-day ACH transaction limit from $100,000 to $1 million in 2022. However, ICBA urged Nacha to assess the impact of such an increase before proceeding with its plan to remove dollar limits altogether in 2024.

Jan 20, 2021 | NewsWatch Today
Agencies issue FAQs on SARs

Federal regulators issued responses to frequently asked questions regarding Suspicious Activity Reports and other anti-money-laundering considerations.

Jan 20, 2021 | NewsWatch Today
Agencies finalize rules on supervisory guidance

The FDIC, OCC, and CFPB issued final rules to clarify and codify the role of supervisory guidanc

Jan 20, 2021 | NewsWatch Today
CFPB finalizes escrow relief

The Consumer Financial Protection Bureau issued a final rule implementing ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans.

Jan 19, 2021 | NewsWatch Today
USDA finalizes hemp rule

The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for testing THC levels, compliance provisions, and more.

Jan 19, 2021 | NewsWatch Today
CFPB issues compliance guide for debt collection rule

The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule.

Jan 14, 2021 | NewsWatch Today
CFPB issues guidance on Limited English Proficiency consumers

The Consumer Financial Protection Bureau issued guidance that encourages financial institutions to better serve Limited English Proficiency consumers.

Jan 4, 2021 | NewsWatch Today
CFPB issues annual threshold adjustments

The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules, effective Jan. 1, 2021.

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