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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 -
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