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

Recent News

CFPB rescinds part of small-dollar rule

Jul 8, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but keeps its payments provisions.

CFPB ratifies regulations following Supreme Court decision

Jul 8, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said the move provides the financial marketplace with certainty that the rules are valid following last week's Supreme Court ruling that the bureau's single-director governance structure is unconstitutional.

CFPB begins implementing escrow exemption

Jul 6, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau issued a proposed rule to implement ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans.

FinCEN issues BSA/AML guidance on hemp businesses

Jun 30, 2020 | NewsWatch Today Article
The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers.
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