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
Dec 16, 2020 | NewsWatch Today
FDIC proposes amendments to SAR regs

The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case exemptions from SAR filing requirements to FDIC-supervised institutions.

Dec 11, 2020 | NewsWatch Today
CFPB finalizes QM reforms

The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the bureau's Qualified Mortgage rule.

Dec 2, 2020 | NewsWatch Today
OCC reduces assessments for 2021

The OCC said it is reducing rates in all fee schedules by 3 percent for the 2021 calendar year. The reduced assessments go into effect Jan. 1.

Dec 1, 2020 | NewsWatch Today
CFPB issues final policy on advisory opinions

The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on outstanding regulatory uncertainty.

Dec 1, 2020 | NewsWatch Today
Agencies encourage end of LIBOR-based contracts

Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as soon as practicable and no later than Dec. 31, 2021, to facilitate the transition away from LIBOR.

Nov 25, 2020 | NewsWatch Today
OCC issues proposal on CRA general performance standards

The OCC issued a proposed rule on Community Reinvestment Act general performance standards with a 60-day comment period.

Nov 24, 2020 | NewsWatch Today
CFPB updates HMDA filing guide

The Consumer Financial Protection Bureau released an update to its Filing Instructions Guide for HMDA data collected in 2021 and reported in 2022.

Nov 23, 2020 | NewsWatch Today
Agencies respond to ICBA push on asset thresholds

Federal regulators announced ICBA-advocated relief from regulatory burdens caused by participating in federal coronavirus response programs.

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