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Compliance Publications • July 30, 2024August 2024 Disclosure
The most recent FDIC Consumer Compliance Highlights publication detailed a number of violations observed and cited by the FDIC during…Read more -
Compliance Clips • July 26, 2024
FinCEN Issues Customer Reference Guide Regarding Beneficial Ownership Reporting Requirements
On July 26th, the Financial Crimes Enforcement Network (FinCEN) issued a two-page customer reference guide regarding the beneficial ownership reporting requirements under the Corporate Transparency Act (CTA). FinCEN encourages financial…Read more -
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Compliance Clips • July 19, 2024
FDIC Publishes FAQs on its Official Signage and Advertising Requirements Rule
The Federal Deposit Insurance Corporation (FDIC) has published a list of frequently asked questions related to its final rule regarding Part 328. The rule, with a mandatory compliance date of…Read more -
Compliance Clips • July 3, 2024
Disclosure Considerations under the Iowa Real Estate Transparency Act
The Iowa Real Estate Transparency Act, passed in response to the National Association of Realtor’s litigation settlement, became effective on July 1, 2024. While there are several changes to real…Read more -
Compliance Clips • July 1, 2024
Round Three: FDIC Issues Additional Guidance to Help Financial Institutions Respond to Areas in Iowa Impacted by June Storms
On June 16, 2024 (and continuing) a series of severe storms, flooding, straight-line winds, and tornadoes caused significant property damage in several Iowa communities. On June 24, the Federal Emergency…Read more -
Disclosure • July 1, 2024July 2024 Disclosure
IBA has seen an increase in the number of questions presented to the Compliance Hotline related to offering financial products…Read more -
Compliance Clips • June 24, 2024
Retirement Plan Distributions – IRS Provides Guide on Exceptions from 10% Additional Tax on Certain Distributions
On June 21, the Internal Revenue Service issued Notice 2024-55, as required by the SECURE 2.0 Act of 2022, providing guidance on exceptions to the 10% additional tax (early…Read more -
Compliance Clips • June 3, 2024
FDIC Issues Additional Guidance to Help Financial Institutions Respond to Areas in Iowa Impacted by May Storms
On May 20-21 a series of severe storms caused significant property damage in several Iowa communities. On May 24, the Federal Emergency Management Agency (FEMA) declared four additional counties to…Read more -
Disclosure • June 3, 2024June 2024 Disclosure
In today’s growing digital world, many people rely on the Internet to find information or answer questions that arise. That…Read more