Bank Compliance Center

In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.

Recent Compliance News



Apr 9, 2024 | NewsWatch Today
CFPB reports on credit reporting violations as it considers rulemaking

The Consumer Financial Protection Bureau issued a report on accuracy problems in the credit reporting system.

Apr 8, 2024 | NewsWatch Today
CFPB monitoring use of mortgage discount points

The Consumer Financial Protection Bureau said it is monitoring the increase in homebuyers paying “discount points” in recent years.

Apr 5, 2024 | NewsWatch Today
CFPB report targets financial transactions in video games

The Consumer Financial Protection Bureau issued a report examining the growth of financial transactions in online video games and virtual worlds.

Apr 5, 2024 | NewsWatch Today
FHFA issues progress report on FHLBank policy updates

​​​​​​​​​​​​​​​​​​The Federal Housing Finance Agency provided an update on its implementation of recommendations included in last year’s report on the Federal Home Loan Bank system.

Upcoming Compliance Training
Apr 17, 2024 | Webinar

Deposit Regulations Best Practices


May 7, 2024 | Institute - Live

BSA/AML Institute


Jun 3, 2024 | Webinar

Q2: Regulatory Compliance Updates


Compliance Question of the Week

Question: What are some examples of abusive lending practices?

ANSWER: 

The OCC has identified some indications that could be considered abusive lending practices:

Collateral or Equity “Stripping” - loans made in reliance on the liquidation value of the borrower’s home or other collateral, rather than the borrower’s independent ability to repay, with the possible or even intended result of foreclosure or the need to refinance under duress;

Pricing and terms, whether interest rates or fees, that far exceed the true risk and cost of making the loan; 

Targeting persons, such as the elderly, women, minorities, and persons living in low- or moderate-income areas, who are perceived to be less financially sophisticated or otherwise vulnerable to abusive loan practices;

Inadequate disclosure of the true costs and risks of loan transactions;

Lending practices that are fraudulent, coercive, unfair, deceptive or otherwise illegal;

Loan terms and structures, such as negative amortization, when designed to make it more difficult or impossible for borrowers to reduce their indebtedness;

Aggressive marketing tactics that amount to deceptive or coercive conduct;

Padding/Packing - charging customers unearned, concealed or unwarranted fees;

“Balloon” payment loans that may conceal the true burden of the loan financing and may force borrowers into costly refinancing or foreclosure situations;

Flipping - frequent and multiple refinancings, usually of mortgage loans, requiring additional fees which strip equity from the borrower; and/or

Collection of up-front single-premium credit insurance - life, disability, or unemployment, when the consumer does not receive a net tangible financial benefit.

Reference: OCC Advisory Letter 2000-7.

 

 
 

 

 


 

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.

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Compliance Resources



Online Training

Compliance Certificate Program

Online Certificates

The ICBA Education Compliance Certificate Program is designed to give community bankers the knowledge and skills they need to become experts in bank compliance. They will learn to explain the role of community bankers in bank compliance, identify the regulations governing community banking, and identify the requirements of the laws governing community banks.

$499 / ICBA Members

$1,499 / Non-Members

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Compliance Working Papers

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One of the three elements of an effective compliance program is monitoring and corrective action. These compliance working papers are essential for monitoring your financial institution’s compliance with federal consumer compliance laws and regulations.

Initial Price
ICBA Member: $599
Nonmember: $799

Annual Digital Renewal
ICBA Member: $399
Nonmember: $499

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Compliance Deskbook and Bulletin Service

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The ICBA Compliance Deskbook is the industry’s premier resource for compliance information. Access regulations, important dates, agency guidance, questionnaires, and other resources in one place.

Initial Price
ICBA Member: $399
Nonmember: $549

Annual Digital Renewal
ICBA Member: $249
Nonmember: $349

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Bank Compliance Check Up

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The Bank Compliance Check Up Program provides a comprehensive system and checklists for monitoring and determining the bank’s compliance with deposit, lending, administrative regulations, and other banking laws. Also included are over 40 training agendas and quizzes!

Initial Price
ICBA Member: $499
Nonmember: $799

Annual Digital Renewal
ICBA Member: $349
Nonmember: $649

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