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CFPB Issues Final Rule to Officially Extend 1071 Compliance Dates
By Diane Dean
| Jun 28, 2024
As anticipated, the CFPB has issued a Final Rule to extend the 1071 mandatory compliance deadlines....
Supreme Court Ruling, Bank Secrecy Act Beneficial Owners vs. 1071 Principal Owners
By Diane Dean
| Jun 11, 2024
In the world of compliance, staying ahead of regulatory changes is crucial. For professionals in...
CFPB Issues Interpretive Rule on Buy Now Pay Later Loans
By Diane Dean
| May 30, 2024
The CFPB has issued an Interpretive Rule that states lenders that issue digital user accounts that...
FDIC Signs “Within an Institution’s Premises”
By Diane Dean
| May 14, 2024
If you haven’t had a chance to dig into the FDIC Rule changes just yet, this is your warning that...
CFPB Issues Circular on UDAAP Risks with Digital Comparison-Shopping Tools
By Diane Dean
| Mar 08, 2024
The CFPB recently issued Consumer Financial Protection Circular 2024-01 which addresses...
CFPB Restricts Late Payment Fees Charged by Larger Credit Card Issuers
By Diane Dean
| Mar 08, 2024
On March 5th, the CFPB issued a Final Rule to address “excessive” late fees charged by larger card...
Section 1071 Delay Extended Nationwide
By Diane Dean
| Nov 07, 2023
Trying to keep up with the legal battles surrounding the CFPB and the Section 1071 Rule has been a...
FinCEN Alert on Hamas Financing
By Diane Dean
| Oct 30, 2023
FinCEN released an Alert (FIN-2023-Alert006) to help financial institutions recognize and identify...
A Snapshot of the CFPB’s Small Business Lending FAQs
By Diane Dean
| Aug 08, 2023
As we mentioned in the July edition of Banking on BCC, the CFPB released Frequently Asked Questions...