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 finalizes QM reforms

Dec 11, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the bureau's Qualified Mortgage rule.

OCC reduces assessments for 2021

Dec 2, 2020 | NewsWatch Today Article
The OCC said it is reducing rates in all fee schedules by 3 percent for the 2021 calendar year. The reduced assessments go into effect Jan. 1.

CFPB issues final policy on advisory opinions

Dec 1, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on outstanding regulatory uncertainty.

Agencies encourage end of LIBOR-based contracts

Dec 1, 2020 | NewsWatch Today Article
Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as soon as practicable and no later than Dec. 31, 2021, to facilitate the transition away from LIBOR.
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