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 17, 2021 | NewsWatch Today
CFPB updates TRID rule FAQs

The Consumer Financial Protection Bureau issued additional frequently asked questions on its TILA-RESPA integrated disclosure rule.

May 10, 2021 | NewsWatch Today
ARRC issues market indicators supporting LIBOR alternative

The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured Overnight Financing Rate term rate to support the transition away from LIBOR.

May 5, 2021 | NewsWatch Today
CFPB reports on mortgage borrower challenges

The Consumer Financial Protection Bureau said more needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.

Apr 30, 2021 | NewsWatch Today
IRS reporting plan would increase burdens: ICBA’s Merski

ICBA’s Paul Merski told Bloomberg that additional IRS reporting being floated this week by the Biden administration would increase compliance burdens for community banks.

Apr 29, 2021 | NewsWatch Today
CFPB reports on fair lending enforcement

The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

Apr 29, 2021 | NewsWatch Today
CFPB: More complaints from minority counties

The Consumer Financial Protection Bureau released a county-by-county analysis of consumer complaints. The bureau said it received more complaints per capita from consumers living in predominantly minority counties in 2019 and 2020

Apr 28, 2021 | NewsWatch Today
CFPB delays new QM rule

The Consumer Financial Protection Bureau issued a final rule formally delaying the mandatory compliance date of its recently modified general Qualified Mortgage final rule from July 1, 2021, to Oct. 1, 2022.

Apr 14, 2021 | NewsWatch Today
CFPB reaches settlement with Settlelt

The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint alleges that the company failed to disclose its relationship to certain creditors.

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