Illinois bankers are constantly challenged with new laws, regulations, enforcement trends and other pressing compliance concerns. Now they have an exciting resource to help them — IBA Compliance Connection — a free website for all employees of IBA member banks that will quickly become your “go to” source for Illinois banking compliance information, guidance and support — each and every day!
What you will find on the IBA Compliance Connection
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IBA Compliance Connection® is a members-only benefit for members of the Illinois Bankers Association. For more information about the IBA and membership, please click here.
Our Credit Reports Topic Page links to the state and federal laws and regulations governing the use of consumer credit reports, including the Illinois Employee Credit Privacy Act, Fair Credit Reporting Act, and Regulation V. You also can find sample adverse action procedures for deposit accounts in our Forms Library.
Check out our Credit Reports Resources Page for related guidance, such as a CFPB interpretive rule on the FCRA’s preemption of state laws, an interagency order allowing banks to collect certain data from credit reporting agencies, FRB Philadelphia Consumer Compliance Outlook articles on credit reporting issues, and more!
Do you know if pulling a customer’s credit report before they complete a loan application is considered a UDAAP? To find out, visit our Credit Reports Q&A Page, where we have answered dozens of related questions. If you have a compliance question, please send it to us using our online submission form or call our Compliance Connection Hotline at 1-800-GO-TO-IBA!
Due date for Second Quarter Call Report
Due date for Summary of Deposits for all insured banks with branches (rule)