09/21/2023 The Financial Crimes Enforcement Network published a small entity compliance guide yesterday to assist small businesses in complying with the beneficial ownership information reporting rule, which takes effect on Jan. 1, 2024. |
09/14/2023 We are excited to announce that the United States District Court for the Eastern District of Kentucky has granted our Motion for Injunction against the CFPB. |
09/13/2023 Continued details on our 1071 lawsuit |
09/11/2023 On Friday, The U.S. Chamber of Commerce, American Bankers Association, Texas Bankers Association and others were successful in the United States District Court for the Eastern District of Texas in their challenge to the CFPB’s UDAAP manual which expanded the statutory definitions of “unfairness”. |
09/08/2023 BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations |
09/01/2023 FDIC insured institutions are required to maintain up-to-date Equal Housing Lender (EHL) posters in branches, as required by the Fair Housing Act. |
08/30/2023 One of the largest fraud schemes targeting Kentucky banks are impersonation schemes where the customer is contacted by what appears to be the bank but isn’t and the customer ultimately gives away their login information and is essentially “robbed”. |
08/23/2023 This is an update on where we are on 1071 updates, for those of you who are still following the status, and I hope that is ALL of you. |
08/18/2023 The guide makes minor changes in wording in various sections and minor changes as to validation of identification. The guide also amends some codes to align with Home Mortgage Disclosure Act (HMDA) reporting. |