The July 2023 WBA Compliance Journal is now available. In this edition, WBA Legal provides a recap of business-related provisions from the 2023–2025 Wisconsin Budget, also known as 2023 Wisconsin Act 19. The edition also includes a summary of the recently updated Policy Statement on Prudent CRE Loan Accommodations and Workouts released by supervisory agencies earlier this month, and a WBA Legal created FAQ regarding the state tax-exemption for income earned from certain business and ag purposes loans. The monthly publication also provides summaries of recently issued agency rules, guidance, and notices. Be sure to read the “compliance notes” section for other important compliance-related updates for bankers, including about the availability of ABA’s new online directory of bank contact information for the filing of a check warranty breach claim. The directory is available to ABA members and non-members.
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