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
Aug 16, 2023 | NewsWatch Today
CFPB to propose rules governing data broker practices

The Consumer Financial Protection Bureau will propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.

Aug 9, 2023 | NewsWatch Today
ICBA request for 1071 relief makes headlines

ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.

Aug 9, 2023 | NewsWatch Today
OCC issues guidance on legal lending limit

The OCC issued guidance on the applicability of the legal lending limit to purchased loans.

Aug 7, 2023 | NewsWatch Today
ICBA requests 1071 relief in court filings, CFPB letter

As part of ICBA’s efforts to ensure a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA on Friday filed a motion and complaint calling on the court to invalidate the final rule and enjoin the CFPB from enforcing it.

Aug 3, 2023 | NewsWatch Today
Regulators update BSA/AML exam manual

The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Aug 2, 2023 | NewsWatch Today
Romero Rainey: ICBA continues advocating community bank 1071 relief

ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca Romero Rainey said in a message to ICBA members.

Jul 28, 2023 | Press Release
ICBA Commends House Committee for Passing Resolution to Nullify CFPB’s Small-Business Reporting Rule

The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for advancing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.

Jul 28, 2023 | NewsWatch Today
Committee passes ICBA-advocated resolution to block CFPB’s 1071 rule

The House Financial Services Committee voted 29-21 to advance an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule.

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