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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 • 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 • 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 -
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 -
Compliance Clips • May 20, 2024
FDIC Issues Guidance to Help Financial Institutions Respond to Areas in Iowa Impacted by April Storms
On April 26-27, a series of severe storms and tornados caused destruction in several Iowa communities. On May 14, the Federal Emergency Management Agency (FEMA) declared eight counties to be…Read more -
Compliance Clips • May 16, 2024
Supreme Court Decides in Favor of CFPB Funding
The Supreme Court issued a ruling earlier today (May 16th) rejecting a legal challenge to the Consumer Financial Protection Bureau’s funding mechanism. The justices ruled, by a vote of 7-2,…Read more -
Compliance Clips • April 1, 2024
CRA Rule Implementation Paused by Courts
On Friday, March 29, a federal district court in Texas issued a preliminary injunction against the Federal Deposit Insurance Corp., Office of Comptroller of the Currency and Federal Reserve…Read more -
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