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 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.

May 30, 2024 | NewsWatch Today
CFPB: Reg E wire transfer exemption doesn’t apply to online transactions

The Consumer Financial Protection Bureau argued in a court filing that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E, even though the law exempts transfers made by banks “by means of” a wire service.

May 23, 2024 | NewsWatch Today
CFPB rule says BNPL lenders are credit card providers

The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

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