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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 GuidanceThe Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
The Financial Crimes Enforcement Network underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, ICBA told the agency.
The Consumer Financial Protection Bureau said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt collectors; and issues with medical payment products.
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.
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.
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.
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.
Note: ICBA members can access an additional 2,500 compliance Q&As in ICBA's Compliance Vault