Episode 295: Recap of top 6 bank compliance issues of 2024

This episode examines a recent ICBA blog post titled “The year in compliance: 6 notable updates for community banks.” The blog post covers the following 6 compliance topics: 1) Beneficial ownership information, 2) CFPB’s guidance on ‘phantom’ opt-in overdraft agreements, 3) FDIC’s proposed rule for FBO accounts in bank-fintech partnerships, 4) CISA’s additional cyber incident reporting rules, 5) Increased check fraud scrutiny for megabanks, and 6) CRA and Section 1071 final rules. These compliance issues will continue to play out throughout 2025. A link to the blog posts is included below.

Link: The Year in Compliance: 6 Notable Updates for Community Banks