Compliance Clips

On April 26-27, a series of severe storms and tornados caused destruction in several Iowa communities. On May 14, the Federal Emergency Management Agency (FEMA) declared eight counties to be…

The Supreme Court issued a ruling earlier today (May 16th) rejecting a legal challenge to the Consumer Financial Protection Bureau’s funding mechanism. The justices ruled, by a vote of 7-2,…

On Friday, March 29, a federal district court in Texas issued a preliminary injunction against the Federal Deposit Insurance Corp., Office of Comptroller of the Currency and Federal Reserve…

Just a week before sections of the new CRA requirements were to go into effect, the FDIC, Office of the Comptroller of the Currency, and the Federal Reserve (collectively referred…

On March 10, 2024, the time changes from Standard Time to Daylight Saving Time (known as Central Daylight Time in Iowa). If you made the change to your system in…

On March 1, 2024, a federal district court in the Northern District of Alabama concluded that the Corporate Transparency Act — the rule responsible for the Beneficial Ownership Registry —…

After decades in the making, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Federal Reserve issued a final rule that purports to modernize…

The IBA’s Compliance Hotline has received several questions related to altering branch hours due to inclement weather or other unforeseeable circumstances. A bank or branch’s operating hours are not mandated…