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
Mar 10, 2021 | NewsWatch Today
CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity

The Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes discrimination related to sexual orientation and gender identity.

Mar 9, 2021 | NewsWatch Today
Agencies update CRA FAQs

Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the COVID-19 pandemic.

Mar 5, 2021 | NewsWatch Today
New Same Day ACH window in effect this month

Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes effect on at 4:45 p.m. (Eastern time) Friday, March 19.

Mar 4, 2021 | NewsWatch Today
CFPB proposes delaying new QM rule

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

Feb 24, 2021 | NewsWatch Today
CFPB announces plans to rethink QM rules

​The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance date.

Feb 19, 2021 | NewsWatch Today
Fed extends netting protections

The Federal Reserve Board issued a final rule to apply netting protections to a broader range of financial institutions.

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.

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