Compliance News

ICBA, the Independent Bankers Association of Texas, Texas Bankers Association, Amarillo Chamber of Commerce, American Bankers Association, U.S. Chamber of Commerce, and Longview Chamber of Commerce filed a lawsuit against the federal banking regulators for exceeding their statutory authority with their recent Community Reinvestment Act final rule.

The Financial Crimes Enforcement Network published a 60-day notice to renew the Office of Management and Budget control numbers assigned to Currency Transaction Reports.

The Cybersecurity and Infrastructure Security Agency and other national and international agencies released joint guidance on using artificial intelligence systems securely.

A new Consumer Financial Protection Bureau proposed rule to restrict the use of non-sufficient-funds fees is another example of the bureau imposing arbitrary price controls that would distort market discipline, ICBA said.

The Consumer Financial Protection Bureau issued a proposed rule on overdraft services that would exempt community banks under $10 billion in assets.

The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports and credit file sharing practices.

The Consumer Financial Protection Bureau released a report on its small-business review ahead of issuing new rules under the Fair Credit Reporting Act.

The Consumer Financial Protection Bureau said it recently sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans.