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 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.

Jan 4, 2021 | NewsWatch Today
Congress overrides defense bill veto advancing 'beneficial owner' reform

In one of the last votes of the 116th Congress, lawmakers overturned President Trump's veto of a defense spending bill advancing ICBA-advocated BSA/AML reforms.

Dec 22, 2020 | NewsWatch Today
CFPB issues advisory opinion on SPCPs

The Consumer Financial Protection Bureau issued an advisory opinion to address regulatory uncertainty regarding Regulation B related to special purpose credit programs to meet special social needs.

Dec 21, 2020 | NewsWatch Today
FinCEN proposes virtual currency recordkeeping rules

The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual currency or digital assets with legal tender status.

Dec 21, 2020 | NewsWatch Today
CFPB issues follow-up debt-collection rule

The Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act requirements for certain consumer disclosures. The rule requires debt collectors to provide detailed disclosures at the outset of collection communications.

Dec 18, 2020 | NewsWatch Today
Agencies adjust CRA asset thresholds

Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds. Effective Jan. 1, the “small bank” or “small savings association” designation applies to institutions that as of Dec. 31 of either of the prior two calendar years had assets of less than $1.322 billion.

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