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Compliance News Round-Up: March 21, 2025

Posted by Audrey Sullivan on  March 21, 2025
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Category: Compliance News
  This compliance news round up features developments from the OCC, Federal Reserve, The Treasury, and others. Continue reading to catch up on the most recent news impacting our industry. Federal Reserve Governor Bowman Nominated to be Vice Chair for Supervision March 17, 2025 Federal Reserve Board Governor Michelle W. Bowman has issued a statement following her nomination by the president to be Vice Chair for Supervision of the Board of Governors of the Federal

Navigating the Next-Generation Wave of Check Fraud

Posted by Compliance Resource Team on  March 18, 2025
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Category: Fraud
Despite the increasing adoption of digital payments, check fraud remains a significant challenge for financial institutions. According to FinCEN, check fraud losses in the U.S. totaled $21 billion in 2023, representing nearly 80% of global check fraud losses. The FTC reported that check fraud was high on the list of frauds that cost consumers over $10 billion in 2023. The persistent threat of check fraud has far-reaching consequences for the banking industry. Financial institutions face

OCC Releases New Guidance on Crypto Banking: What You Need to Know

Posted by Compliance Resource Team on  March 14, 2025
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Category: OCC
Last week, the Office of the Comptroller of the Currency (OCC) released significant updates regarding crypto banking, aiming to clarify regulations and expectations for banks involved in digital asset services. Here’s a breakdown of the key points from their latest releases: Interpretive Letter and Withdrawals The OCC issued an interpretive letter reinstating guidance on two critical fronts: crypto custody services and stablecoin reserves. This move effectively re-establishes the framework for banks to provide custody services

Navigating TRID and Manufactured Home Loans: Q & A

Posted by Compliance Resource Team on  March 12, 2025
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Category: TRID
When it comes to TRID (TILA-RESPA Integrated Disclosure) compliance, even the most seasoned professionals can encounter challenges. We recently received a very specific question about navigating TRID and manufactured home loans. We thought other members of our community might benefit from this exchange and have published it below. What is the correct TRID purpose for placing a manufactured (double-wide) home on land that is owned free and clear? For context: The loan was closed with

FDIC Delays Compliance Date for Certain Provisions in Sign and Advertising Rule

Posted by Compliance Resource Team on  March 7, 2025
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Category: FDIC
Earlier this week, the Federal Deposit Insurance Corporation (FDIC) has announced a delay in the compliance deadline for certain provisions of its Sign and Advertising Rule. Originally set to take effect on May 1, 2025, the new rules will now be postponed until March 1, 2026. This delay applies to requirements for displaying the FDIC’s official sign on digital channels and ATMs. The FDIC cited concerns about potential consumer confusion and the need for further
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.