Compliance & Legal Updates
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FDIC Releases Consumer Compliance Supervisory Highlights

07/03/2025
The FDIC released its Consumer Compliance Supervisory Highlights today available

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies in Kentucky

06/27/2025
Federal bank regulatory agencies released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit.

Federal Reserve Announces Reputational Risk Will No Longer Be Included in Examination

06/24/2025
“The Federal Reserve Board on Monday announced that reputational risk will no longer be a component of examination programs in its supervision of banks.”

House Passes Trigger Leads Bill

06/24/2025
The United States House of Representatives passed the bipartisan Homebuyers Protection Act (H.R. 2808) prohibiting credit reporting firms from selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitation.

CECL Validation

06/23/2025
One of the questions that has been arising from examiners is the alleged requirement to have a third-party to conduct your CECL validation.

CFPB to Extend 1071 Deadlines

06/18/2025
The Consumer Financial Protection Bureau announced yesterday in the Federal Register that it will issue a final rule extending 1071 compliance deadlines by roughly a year.

United States Senate Advances Stablecoin Legislation

06/18/2025
The United States Senate voted 68-30 yesterday to advance stablecoin legislation (The GENIUS Act, Senate Bill 1582) that establishes procedures for institutions to issue stablecoins with some regulatory standards.

FDIC, OCC and Federal Reserve Seek Comment on Check and Payment Fraud

06/17/2025
“The federal bank regulatory agencies announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud. For purposes of the request for information, payments fraud generally refers to the use of illegal means to make or receive payments for personal gain, including scams.”

FDIC Announces Regulatory Relief for Banks Assisting Kentucky Counties

06/02/2025
" The FDIC encourages institutions to work constructively with customers in affected areas to meet their financial services needs.”