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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 -
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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 -
Disclosure • February 3, 2025February 2025 Disclosure
Compliance with the Flood Disaster Protection Act continues to be a problem area for many banks and is consistently on…Read more -
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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 -
Disclosure • January 2, 2025January 2025 Disclosure
The Fair Credit Reporting Act (FCRA) is the cornerstone of credit reporting regulations. Accuracy in consumer reporting is critical, as…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