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 […]
Tag: Compliance News
Another Change for Section 1071 is Brewing
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 […]
News Roundup from the CFPB: June 2024
The CFPB recently issued several press releases that could impact compliance departments in the future. These include a proposal for removing medical bills from credit reports, initiating a process to set standards for open banking, a warning against the use of fine print in contracts, and the creation of a registry for organizations that have multiple compliance violations. There is nothing that needs to be at this time, but we’ll keep an eye on these […]