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
Feb 17, 2021 | NewsWatch Today
OCC allows closures due to Winter Storm Uri

The OCC issued a proclamation allowing national banks and federal savings associations to close offices affected by Winter Storm Uri at their discretion.

Feb 1, 2021 | NewsWatch Today
SBA updates PPP FAQs with BSA/AML guidance

The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the Financial Crimes Enforcement Network and BSA/AML compliance.

Feb 1, 2021 | NewsWatch Today
CFPB issues 2021 consumer reporting list

The Consumer Financial Protection Bureau issued its 2021 list of consumer reporting companies. The list includes the three nationwide consumer reporting companies as well as other companies.

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.

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