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CFPB confirms March 2023 for 1071 final rule
The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 31, 2023, according to court filing.
Agencies encourage risk-based approach to customer due diligence
Federal financial services regulators issued a joint statement to remind banks of the risk-based approach to assessing customer relationships and conducting customer due diligence.
ICBA “dashboard” and briefing highlight community bank-focused advocacy efforts for Q3
ICBA’s third quarter “Advocacy in Action” government relations dashboard and recent advocacy briefing provide community banks with an update on ICBA’s advocacy successes, along with more...
ICBA guidance on new FDIC approach to re-presented transactions
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released member-protected fact sheet on the issue with...