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
Jul 24, 2024 | NewsWatch Today
Agencies propose amending BSA requirements

Federal banking regulators formally requested comment on a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.

Jul 24, 2024 | NewsWatch Today
CFPB proposal spotlights costs of paycheck advance products

The Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.

Jul 2, 2024 | Press Release
ICBA: Government Underestimates Suspicious Activity Reporting Burden

The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the Financial Crimes Enforcement Network.

Jun 26, 2024 | NewsWatch Today
CFPB extends compliance dates for 1071 rule

The Consumer Financial Protection Bureau issued an interim final rule to extend compliance deadlines for its 1071 small-business rule following a Supreme Court ruling that ended a temporary injunction on the rule.

Jun 21, 2024 | NewsWatch Today
Agencies finalize rule on automated valuation models

Federal financial services regulators issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.

Jun 17, 2024 | NewsWatch Today
FinCEN: Banks should remain vigilant to elder financial exploitation

In recognition of World Elder Abuse Awareness Day, the Financial Crimes Enforcement Network reminded financial institutions to remain vigilant in identifying and reporting suspicious activity related to elder financial exploitation. FinCEN offers resources to help stakeholders.

Jun 10, 2024 | NewsWatch Today
FDIC, CFPB hearings this week

A look at some of the hearings taking place this week that are relevant to community bankers.

May 31, 2024 | NewsWatch Today
CFPB launches review of mortgage closing fees

The Consumer Financial Protection Bureau launched a public inquiry into what is driving an increase in mortgage closing costs.

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