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Compliance Clips • May 1, 2025
CFPB will NOT Prioritize Enforcement of Small Business Lending Rule
On April 30, the Consumer Financial Protection Bureau (CFPB) announced via a press release that it will NOT prioritize enforcement or supervision of the Small Business Lending Data Collection…Read more -
Disclosure • April 30, 2025May 2025 Disclosure
The Servicemembers Civil Relief Act’s (SCRA) goal is to assist and protect military personnel who are materially affected by their…Read more -
Compliance Clips • April 30, 2025
Updated HUD-SCRA Notice Form
HUD recently updated the expired HUD-SCRA Notice form 92070. This notice is required to be provided to delinquent mortgage loan borrowers and informs Servicemembers, their spouses and dependents of certain…Read more -
Compliance Clips • April 22, 2025
1071 CFPB Survey
As you may be aware, the CFPB has indicated in a court statement its intention to write a new rule to implement Section 1071 of the Dodd-Frank Act. The IBA,…Read more -
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Compliance Clips • April 4, 2025
CFPB to Initiate New Rulemaking for Small Business Lending Data Collection Requirements
The Small Business Lending Data Collection Rule, implemented by Section 1071 of the Dodd Frank Act, is scheduled to take effect in July for many of the largest small-business lenders. …Read more -
Communications Toolkit • April 1, 2025
2025 Q2 Communications Toolkit
This issue covers a variety of topics, including ways to teach children to save, warnings against crypto ATM scams, and a guide to saving for a home purchase. It…Read more -
Disclosure • April 1, 2025April 2025 Disclosure
Home Equity Lines of Credit (HELOC) were first introduced in the 1970s and disclosure requirements have not changed much since…Read more -
Compliance Clips • March 31, 2025
Agencies Announce Intention to Rescind CRA Rule
On March 28, 2025, the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (Fed), and the Office of the Comptroller of the Currency (OCC), referred to as the Agencies, issued…Read more -
Compliance Clips • March 25, 2025
Beneficial Ownership Interim Final Rule
As anticipated, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule (IFR) narrowing the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act to…Read more