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Compliance Clips • March 22, 2024
Agencies Delay April 1 Requirements of CRA Rule
Just a week before sections of the new CRA requirements were to go into effect, the FDIC, Office of the Comptroller of the Currency, and the Federal Reserve (collectively referred…Read more -
Compliance Clips • March 6, 2024
Start of Daylight Saving Time and TRID Disclosures
On March 10, 2024, the time changes from Standard Time to Daylight Saving Time (known as Central Daylight Time in Iowa). If you made the change to your system in…Read more -
Compliance Clips • March 6, 2024
CTA Declared Unconstitutional; Rule Stayed but Only for Some
On March 1, 2024, a federal district court in the Northern District of Alabama concluded that the Corporate Transparency Act — the rule responsible for the Beneficial Ownership Registry —…Read more -
Compliance Publications • March 1, 2024March 2024 Disclosure
Tax season is upon us. You know what that means — Treasury checks and, unfortunately, Treasury check fraud. This issue…Read more -
Compliance Publications • February 1, 2024February 2024 Disclosure
In late December 2023, the Federal Deposit Insurance Corp. released its final rule governing the use of the official FDIC…Read more -
Compliance Clips • January 23, 2024
CRA Final Rule — Changes Effective April 1, 2024
After decades in the making, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Federal Reserve issued a final rule that purports to modernize…Read more -
Compliance Clips • January 15, 2024
Changes in Hours Due to Inclement Weather
The IBA’s Compliance Hotline has received several questions related to altering branch hours due to inclement weather or other unforeseeable circumstances. A bank or branch’s operating hours are not mandated…Read more -
Compliance Publications • January 2, 2024January 2024 Disclosure
The Consumer Financial Protection Bureau’s Small Business Lending Data Collection rule includes many implementation challenges — the most difficult of…Read more -