Compliance & Legal Updates
Data pager
Data pager
Page size:
PageSizeComboBox
select
 28 items in 4 pages
Show all 28
List View
Data pager
Data pager
Page size:
PageSizeComboBox
select
 28 items in 4 pages
Show all 28

Fraud Alert: Vacant Lot Scams

03/29/2023
Please see this fraud update from our friends at Investors Title.

Notice to Customers of Repossession Sales

03/20/2023
Class action lawyers have found a new cause of action against banks--failure to send proper notice of a repossession sale. The first such class action lawsuit in this region was filed just a few weeks ago in southern Indiana. That cause of action is attractive to plaintiffs’ attorneys because if the notice of sale is insufficient there is an automatic penalty under UCC Article 9-625.

DOJ and CFPB are Stepping Out-of-Bounds!!

03/16/2023
On Monday of this week the Department of Justice and the CFPB filed a "Statement of Interest" in a lawsuit challenging a lender's reliance on discriminatory appraisals done by a third party.

USDA Potentially Changing Eligible Maps for USDA Rural Housing Programs

03/08/2023
USDA Rural Development is conducting a review of all areas under its jurisdiction to identify areas that no longer qualify as rural for housing programs. The last rural area reviews were performed in 2017–2018 using 2015 American Community Survey (ACS) data. Rural area designations are reviewed every five years.Based on the 2020 census data, the following areas are under review for eligibility.

Zelle--Who Made Me do It???

03/07/2023
There are lots of ways to pay bills. Zelle is not necessarily my first choice, but sometimes I have to use is--my hairdresser (where did that term come from) only accepts cash or Zelle. So, I am not a Zelle expert.

FINCEN Issues Mail Theft-Related Check Fraud Alert

02/27/2023
Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering (AML) priorities. In coordination with the United States Postal Inspection Service (USPIS), FinCEN has identified red flags to help financial institutions detect, prevent, and report suspicious activity connected to mail theft-related check fraud.

Fraud Alert - Savings Bonds

02/06/2023
The US Secret Service Louisville Field Office is currently investigating a group who have gone to multiple banks and successfully cashed counterfeit U.S. Savings Bonds. The group cashes large amounts at a time.

FDIC Issues Enforcement Update to HMDA Rule Change

02/03/2023
The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter today “to inform supervised institutions of recent changes regarding the Home Mortgage Disclosure Act (HMDA) reporting threshold for closed-end mortgage loans and the FDIC’s supervisory approach for enforcing related requirements.

Fraudulent Bond Alert

02/01/2023
Please read this fraud alert that the we received from one of our member banks.