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Yesterday, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register a proposed rule that would revise certain provisions of Regulation B, subpart B, implementing changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB is proposing to: Raise the origination threshold for covered financial institutions from the current 100 small‑business credit applications (over two preceding years) to 1,000 such applications.

The Government shutdown has a far-reaching effect, one of those being the National Flood Insurance Program (NFIP) has been allowed to lapse. What does that mean to your financial institution? Your institution’s ability to close loans requiring Flood Insurance will be impacted. The authority to provide new flood insurance contracts expired. Flood insurance contracts entered into before the expiration will only continue until the end of their policy term of one year. The authority for

  Regulatory change never seems to slows down. Just as we adjust to one wave of requirements, others arrive—often more complex, more data-driven, and with risks to your Financial Institution (FI). The GENIUS Act (Governance, Enhanced Oversight, and Integrity for Uniform Standards Act) is the latest piece of legislation to reshape compliance expectations across the our industry. For compliance officers, this isn’t just another item on the to-do list—it’s a shift in how FIs are

BankersOnline’s partnership with Compliance Resource provides expert compliance training via webinars & virtual events for financial institutions nationwide. BankersOnline issued a press release last month announcing a new partnership with Compliance Resource. Below you’ll find the announcement and more information about this exciting association.  ________ BankersOnline, one of the most trusted sources for compliance news, tools, and community support for financial institutions, is proud to announce an exclusive partnership with Compliance Resource, a leading provider

Yesterday, the Prudential Banking Agencies jointly issued a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and replace it with the prior CRA regulations that were originally adopted by the agencies in 1995. They indicated in the 227 page proposal that “technical amendments” were included.   If adopted, the proposal would restore the 1995 CRA framework for all Banks, nullify pending litigation, and limit the regulatory burden the industry identified in