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 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.

Jul 28, 2023 | NewsWatch Today
Agencies release proposal on large bank capital standards

The FDIC, Federal Reserve, and OCC released an interagency proposed rule to strengthen capital standards on the largest banks and explicitly said they would not apply to community banks.

Jul 27, 2023 | NewsWatch Today
CFPB report targets consumer financial products

The Consumer Financial Protection Bureau released a new Supervisory Highlights report on unfair, deceptive, and abusive acts or practices across various consumer financial products.

Jul 27, 2023 | NewsWatch Today
New compliance note on sanctions-related self-disclosures

The Treasury, Commerce, and Justice departments issued a joint compliance note focusing on voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws.

Jul 24, 2023 | NewsWatch Today
Fed’s Barr: Fair lending oversight needs to adapt to technological change

The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

Jul 21, 2023 | NewsWatch Today
Court ruling opens door to more legal disputes over debts

A U.S. appeals court this week issued a decision that widens the avenue for consumers to challenge their debt under the Fair Credit Reporting Act.

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