Independent Banker shares top compliance issues of 2024

Guidance and proposed rules from regulatory agencies this year kept community banks on their toes, according to the latest Independent Banker magazine.

Details: The article highlights six important compliance updates for community bankers:

• The Financial Crimes Enforcement Network’s beneficial ownership rule.

• The Consumer Financial Protection Bureau’s guidance on “phantom” opt-in overdraft agreements.

• The FDIC’s proposed rule on “for benefit of” accounts in bank-fintech partnerships.

• The Cybersecurity and Infrastructure Security Agency’s additional cyber incident reporting rules.

• Increased check fraud scrutiny for large banks.

• Community Reinvestment Act and Section 1071 final rules.

More: The December edition of Independent Banker also includes articles on this year’s best community banks to work for, the prospects for a farm bill, financial goals of Gen Z, building a better branch, compliance updates, technology, and more.

Access: The magazine is available on the Independent Banker website and via the digital edition.

Digital Subscription: Community bankers also can subscribe to Independent Banker’s newsletter to receive the magazine via email.