U.S. District Court Grants Stay on Section 1071 Compliance Dates

On July 31st, a U.S. District Court in Texas granted a stay on the compliance dates for members of the American Bankers Association (ABA) and Texas Bankers Association (TBA) with respect to the CFPB’s Section 1071 rule that was released earlier this year. The stay will remain in effect until the Supreme Court makes a final decision on the constitutionality of the CFPB’s funding structure. This review is scheduled for October of this year, but […]

10 Things Every CEO Should Know About CRA Modernization

The Community Reinvestment Act (CRA) is undergoing significant changes and the final interagency ruling on CRA Modernization is expected to come down sooner rather than later. As CEO, understanding these changes and their implications is crucial for your bank’s compliance success.  The Community Reinvestment Act has long played a vital role in promoting community development and fair lending, and the new regulations will reshape how your institution approaches its community commitments. Here are ten  things […]