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
Sep 20, 2023 | NewsWatch Today
CFPB issues guidance on credit denials by lenders using AI

The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.

Sep 18, 2023 | NewsWatch Today
Another court rules against CFPB’s 1071 rule

Another federal district court has ruled that the Consumer Financial Protection Bureau may not enforce its Section 1071 small-business rule until the Supreme Court rules on the constitutionality of the bureau’s funding structure.

Sep 15, 2023 | NewsWatch Today
CFPB updates FAQs on 1071 rule

The Consumer Financial Protection Bureau updated its frequently asked questions on its Section 1071 small-business rule.

Sep 14, 2023 | NewsWatch Today
ICBA meets with OCC on re-presentment concerns

ICBA leadership community bankers and staff this week met with OCC officials on the agency’s supervisory approach to how banks treat single items that are repeatedly rejected for insufficient funds.

Sep 13, 2023 | NewsWatch Today
ICBA grassroots campaigns continue with Congress back in Washington

With Congress back in Washington following the August recess, ICBA continues its grassroots campaigns on key advocacy issues.

Sep 13, 2023 | NewsWatch Today
Judge vacates ICBA-opposed CFPB exam manual update

A federal judge vacated last year’s ICBA-opposed Consumer Financial Protection Bureau actions expanding the bureau’s authority to examine banks for discrimination.

Sep 13, 2023 | NewsWatch Today
FHFA plans stakeholder forums on new credit score models

The Federal Housing Finance Agency said it will hold stakeholder forums and listening sessions in the coming weeks on its plans to transition Fannie Mae and Freddie Mac to new credit score models.

Sep 8, 2023 | NewsWatch Today
Chopra: CFPB’s 1033 proposal coming next month

The Consumer Financial Protection Bureau next month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.

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