Community Bank Compliance

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

Recent Compliance News

ICBA supports FDIC program for third-party compliance

Sep 23, 2020 | NewsWatch Today Article
ICBA said it supports an FDIC standard-setting organization and voluntary certification program that would ease the process of vetting and partnering with fintechs and other third parties.

FINBOA Welcomes Oconee Federal Savings and Loan

Aug 20, 2020 | Industry News From Corporate Members
Oconee Federal Savings and Loan will join a growing number of community banks nationwide who have chosen FINBOA to transform the management of Reg E compliance.

FinCEN issues FAQs on customer due diligence

Aug 4, 2020 | NewsWatch Today Article
The Financial Crimes Enforcement Network issued responses to three frequently asked questions regarding customer due diligence requirements for covered financial institutions.

Compliance Events

Compliance Virtual Institute*

Sep 28, 2020
From Reg Z to UDAAP, receive a comprehensive analysis of each regulation including practical applications of how these regulations affect your daily operations at the ICBA Compliance Institute. The ICBA Compliance Institute is built to solve for complexity, so that you can better improve, automate, and anticipate compliance challenges. Earn your Certified Community Bank Compliance Officer designation.
Compliance Vault

The ICBA Compliance Vault is now available as a member benefit to all ICBA members.

The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents. Find up-to-date answers about topics from across the compliance spectrum.

Learn more & open the vault

Compliance Question of the Week

QUESTION: Does the fact that a bank employee or affiliate conducted the appraisal or inspection service impact the finance charge treatment of the related fee?

ANSWER:

No, according to 1024.4(c)(7), the list of charges excluded as finance charges applies to both residential mortgage transactions and other transactions secured by real estate. This applies even if the services for which the fees are imposed are performed by the creditor’s employees instead of a third party.

Reference: 12 CFR 1026.4.