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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 -
Disclosure • November 26, 2024December 2024 Disclosure
The Community Reinvestment Act (CRA) was signed into law in 1977 to address systemic inequities in access to credit, especially…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 -
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Disclosure • October 29, 2024November 2024 Disclosure
Institutions may want to begin communicating with their customers about the small business lending data collection requirements in advance of…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 -
Disclosure • October 1, 2024October 2024 Disclosure
In the September 2024 issue of DISCLOSURE, financial institutions were encouraged to restart (or continue) their Small Business Lending Data…Read more -
Compliance Clips • September 23, 2024
Nacha Rule Changes Reminder
The National Automated Clearing House Association (Nacha) announced changes to rules which establish a base-level of ACH payment monitoring on all parties in the ACH network. The purpose of the…Read more