Category Archive

The January 2023 Regulatory Recap is now available here. The Regulatory Recap includes FinCEN Guidance on human smuggling and sanctioned Russian elites, proposed rules from the CFPB, and supervisory priorities, along with agency guidance. Our 2023 audit calendar is open and filling up fast! Whether you are looking for a BSA exam, loan compliance review, help making sure your LAR … Read More

December’s Regulatory Recap is now available here. The Regulatory Recap contains new inflation adjustments from the CFPB, proposed rules from the FDIC & NCUA, along with agency guidance. Welcome to 2023 – the Year of the Question Mark. It seems that everyone is guessing what will happen – interest rates continue to go up, slow down, or decrease, the CFPB’s … Read More

November’s Regulatory Recap is now available here. The Regulatory Recap contains new rules from the CFPB, HUD, and FTC, along with new guidance from the CFPB regarding deposit related fees.   As we are entering December, our auditors are busier than Santa’s elves working on wrapping up projects for our clients. This always seems to be our busy season, with institutions … Read More

October’s Regulatory Recap is now available here.  It contains a summary of October’s regulatory actions.   While still a few months away, it is time to start thinking about your HMDA LAR reporting due March 1, 2023. The Home Mortgage Disclosure Act (HMDA, Regulation C) requires many lenders to maintain, report, and publicly disclose loan-level information about mortgages by March … Read More

On October 26, the CFPB released Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices. The Bulletin states that having “blanket policies of charging Returned Deposited Item fees to consumers for all returned transactions irrespective of the circumstances of the transaction or patterns of behavior on the account are likely unfair.” The Consumer Financial Protection Act (CFPA) prohibits covered persons … Read More

September 2022’s Regulatory Recap is now available here. It includes FinCEN’s new Beneficial Ownership Information Reporting Requirements rule, and guidance from the CFPB, and others. Our audit schedule for 2023 is beginning to fill up. Now is the time to get on our calendar if you are looking for audits.  Take a look at our list of available audits here.  … Read More

August 2022’s Regulatory Recap is now available here. It includes the new interpretive rule on the “Time and Space” exception regarding digital marketing providers, and guidance from the CFPB, FDIC, Federal Reserve, NCUA, OCC, and others. We are scheduling audits for 2023. Take a look at our list of available audits here.  If you are looking for a compliance audit … Read More

July 2022’s Regulatory Recap is now available here. It includes new and proposed regulations from the CFPB, NCUA, FDIC, and FTC. It also has guidance from the FinCEN, FDIC, CFPB, and others.   Please be advised that CSG provides financial services compliance audit and consulting services to our clients.  The services that we provide include certain tasks that may be … Read More

June 2022’s Regulatory Recap is now available here. Guidance from the FinCEN and CFPB and the Latest Consumer Financial Protection Circulars from the Bureau are included in June 2022’s Regulatory Recap. We are now half-way through the year. We still have a limited number of audit slots open for the remainder of the year. If you don’t see what you are … Read More

The Washington State Legislature passed HB 1165, which made several changes to the Washington State Credit Union Act. The changes are effective June 9, 2022. One of those changes allows credit unions to serve certain non-members in a limited capacity. Washington State credit unions can “cash checks, money orders, and other payment instruments for members and persons who are eligible … Read More