-
Compliance Clips • February 17, 2025
OFAC Interim Final Rule Will Extend Recordkeeping Requirements
On Sept. 13, 2024, the Foreign Assets Control Office issued an interim final rule amending the Reporting, Procedures and Penalties Regulations in response to the 21st Century Peace through Strength…Read more -
Compliance Clips • February 7, 2025
5th Circuit Pauses Small Business Lending Rule For Some, But Not All
On February 7, 2025, the 5th Circuit Court of Appeals issued an order staying the mandatory compliance dates for the Section 1071 small business lending data collection rule, but…Read more -
Compliance Clips • January 2, 2025
Filing Fees Increase
In 2024, the Iowa legislature amended Iowa Code chapter 321 allowing for initial title and registration transactions and other related title transactions to be conducted in any county. As a…Read more -
BSA • December 30, 2024
Court Plays Game of Red Light, Green Light – Beneficial Ownership Injunction Reinstated
In a Compliance Clip dated Dec. 24, 2024, the IBA alerted members that a 3-judge motions panel of the Fifth Circuit Court of Appeals had lifted…Read more -
Compliance Clips • December 24, 2024
Beneficial Ownership Registry Requirement Injunction Lifted
On Dec. 4, 2024, the IBA alerted our members that the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the…Read more -
Compliance Clips • December 20, 2024
NFIP to Lapse December 20, 2024
Unless Congress takes last minute action to reauthorize the National Flood Insurance Program (NFIP), it will expire at midnight on December 20, 2024, creating a lapse in the program. When…Read more -
Compliance Clips • December 4, 2024
Beneficial Ownership Registry Requirements Blocked by Nationwide Injunction
The U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA). Earlier this year, a lawsuit…Read more -
Compliance Clips • November 20, 2024
‘Tis the Season – Gift Giving Reminders
It’s that time of year again when banks consider providing “customer appreciation” gifts during the holidays, but holiday gift-giving and receiving can be a challenge for banks. The following are…Read more -
Compliance Clips • October 23, 2024
Reminder for Mortgage Loan Originators
Mortgage Loan Originators (MLOs) have a lot on their plate as we near the end of the year. One requirement for MLOs is to renew their registrations annually. This annual…Read more -
Compliance Clips • October 17, 2024
FDIC Extends Mandatory Compliance Date for Signage Rule
On December 20, 2023, the FDIC Board of Directors adopted a final rule revising the FDIC membership and non-deposit product signage and advertising regulations implementing section 18(s) of the Federal…Read more