This month’s WBA Compliance Journal is another edition packed full of important compliance-related information, including a summary of industry-related items within the recently enacted 2025-2027 State budget, questions posed by the federal banking agencies in their request of information related to payments fraud, an interagency proposal to rescind the 2023 final CRA rule, revisions made by CFPB, and changes in flood hazard determinations for communities in Wisconsin and neighboring states.
In the Compliance Notes section, readers will find information about FDIC’s latest Consumer Compliance Supervisory Highlights, a FinCEN order which allows banks to use a third-party source to collect TIN information from customers under BSA CIP rules, acceptance of VantageScore 4.0 for mortgages sold to Fannie Mae, Freddie Mac and the Federal Home Loan Bank of Chicago, the removal of references for disparate-impact liability from supervisory materials of the OCC, and the issuance by DFI of fraud prevention measures of virtual currency kiosks.
