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 28, 2024 | NewsWatch Today
CFPB issues guidance on remittance advertising

The Consumer Financial Protection Bureau issued a circular warning remittance transfer providers—including digital wallets—that false advertising about the cost or speed of sending a remittance transfer can violate federal law.

Mar 21, 2024 | NewsWatch Today
OCC to host Project REACh financial inclusion summit

The OCC opened registration for its Project REACh Financial Inclusion Summit, scheduled for May 29-30 in Washington, D.C.

Mar 7, 2024 | NewsWatch Today
SEC finalizes ICBA-opposed climate-disclosure rule

The Securities and Exchange Commission approved a final rule requiring climate-related investor disclosures with some ICBA-advocated relief for publicly held community banks, though ICBA said it remains concerned with the rule.

Mar 6, 2024 | NewsWatch Today
CFPB finalizes rule on credit card late fees with community bank exemption

ICBA said it remains concerned about the unintended consequences of a newly released Consumer Financial Protection Bureau final rule to cut credit card late fees despite an exemption for the nation’s community banks.

Mar 5, 2024 | Press Release
ICBA Statement on CFPB Rulemaking on Credit Card Late Fees

Independent Community Bankers of America President and CEO Rebeca Romero Rainey released the following statement on today’s Consumer Financial Protection Bureau final rule on credit card fees for late payments.

Mar 1, 2024 | NewsWatch Today
CFPB issues guidance on financial comparison-shopping sites

The Consumer Financial Protection Bureau issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

Mar 1, 2024 | NewsWatch Today
FHFA changes timeline for new credit score models

The Federal Housing Finance Agency announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.

Feb 26, 2024 | NewsWatch Today
Global AML watchdog warns of lagging crypto standards

The Financial Action Task Force—a global anti-money-laundering watchdog—said many countries have not implemented its recommended standards on virtual assets, allowing criminals to exploit gaps in crypto regulation.

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