This week’s Compliance News Round Up features updates from the Fed, SBA, FTC, FDIC, NCUA and more! Read on for pertinent information impacting our industry… FDIC Modifies Resolution Planning Approach for Large Banks April 21, 2025 Last week, the FDIC reported it had taken action to modify its approach to insured depository institution (IDI) resolution planning. The purpose of this action is to focus the IDI resolution planning process on the operational information most
Have you been looking for the 2025 HMDA Getting It Right! Guide on the FFIEC website? We couldn’t find it either. Here are some tips for working with your 2025 HMDA data from the resources that are still available. By way of background, for many years the Federal Financial Institutions Examination Council (FFIEC) has annually issued A Guide to HMDA Reporting: Getting it Right! for the Home Mortgage Disclosure Act (HMDA). It summarizes key provisions of HMDA and
This week’s Compliance News Round Up features updates from the OCC, SBA, HUD, and more. Read on to catch up on the most recent news impacting our industry! OCC updates names and addresses for notices April 8, 2025 The OCC issued Bulletin 2025-6 to inform OCC-supervised institutions of the appropriate names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act, and for posters required by the Fair Housing Act. Banks
It seems like every morning you get up, grab some coffee, and look for the latest news on so-called “final” rules. Last week, we found out that the federal bank regulatory agencies announced their intent to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023, and reinstate the previous CRA framework. This week, via a court filing, the Consumer Financial Protection Bureau (CFPB) signaled their intent to “initiate new rulemaking” for Dodd-Frank
In the wake of shifting political winds and a dramatic change in regulatory tone from the Trump Administration, compliance officers across the country are rightfully asking: What now? The agencies have indicated that they plan to rescind proposed changes to the Community Reinvestment Act (CRA). Section 1071’s future is uncertain. And many long-anticipated regulations are stalled or suddenly up for reconsideration. The message from Washington seems to be: “We’re rethinking things.” And that leaves many
Why we blog . . .
The ever-changing laws, regulations, proposals, deadlines, and guidance are a lot for anyone to manage and keep up with so let us do the work for you. Our blog is designed to help compliance professionals by releasing updates as soon as the news breaks. Our Compliance Resource team is researching, following, and monitoring government agencies and regulators to give you all the latest and greatest compliance news. Our goal is to work harder so you don’t have to.