Perficient

DECEMBER 27, 2023

YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks

Compliance 221

Compliance FDIC Regulation Fraud 221

CFPB Monitor

OCTOBER 26, 2023

Although the final rule is effective April 1, 2024, the compliance date for the majority of the rule’s provisions is January 1, 2026. . Continue Reading

Community 78

Community FDIC Compliance Regulation 78

American Banker

OCTOBER 17, 2024

projected its Deposit Insurance Fund reserve ratio is expected to reach the statutory minimum of 1.35% by 2026 thanks to slower-than-expected insured deposit growth and a $7.5 The Federal Deposit Insurance Corp. billion increase in the DIF balance.

FDIC 36

FDIC Meeting Compliance Regulation 36

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109