CFPB Monitor
OCTOBER 26, 2023
Although the final rule is effective April 1, 2024, the compliance date for the majority of the rule’s provisions is January 1, 2026. . Continue Reading
Perficient
DECEMBER 27, 2023
Additionally, the recent rule by the OCC, the Federal Reserve, and the FDIC strengthens and modernizes Community Reinvestment Act (CRA) regulations. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks
Gonzobanker
JUNE 14, 2023
Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.
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