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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 -
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Compliance Clips • May 24, 2024
Reminder: OFAC to Retire FTP Server
On June 9, 2023, the Office of Foreign Assets Control (OFAC) announced its plans to retire the FTP server on or about June 10, 2024. The FTP server is the…Read more -
Marketing Publications • May 21, 2024Spring 2024 Iowa Bankers Exchange
The latest edition of Iowa Bankers Exchange, the Iowa Bankers Association’s quarterly trade magazine, read how two banks here in…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 -
Disclosure • May 1, 2024May 2024 Disclosure
Recently, the Philadelphia Federal Reserve Bank’s publication, Consumer Compliance Outlook, featured an article detailing top Federal Reserve compliance violations cited…Read more