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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 -
Compliance Publications • August 30, 2024September 2024 Disclosure
The Consumer Financial Protection Bureau (CFPB) issued an interim final rule to extend the mandatory compliance dates for its Small…Read more -
Compliance Clips • August 27, 2024
District Court Upholds Section 1071 Small Business Lending Data Collection Rule
On Aug. 26, Judge Randy Crane of the U.S. District Court for the Southern District of Texas ruled in favor of the Consumer Financial Protection Bureau (CFPB) related to the…Read more -
Compliance Clips • August 8, 2024
OFAC Compliance Hotline Moves to Online Platform
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it is transitioning to a single, online platform to receive questions from the public with the goal…Read more