Compliance Events

Compliance Peer Group- April 11

Friday, April 11, 2025 

RSM Offices, Schaumburg, IL, or Live-Streamed

The Compliance Peer Groups provide an opportunity for bankers to examine pressing issues constructively, exchange ideas, and share solutions among colleagues in a comfortable and professional environment. We will provide timely updates on various topics for you to take back to your bank.

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New Accounts in Illinois

Tuesday, April 15, 2025

IBA Center for Banking Excellence, Springfield, IL, or Live-Streamed

The primary focus of this seminar will be on the lifecycle of the account, including application of Illinois and Federal requirements and regulations, including any updates to those regulations. This program will be interactive, encouraging attendee participation. Join your peers to discuss the 2025 New Accounts in Illinois update and how it impacts your bank.

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Advanced BSA/AML Academy

May 20 - May 21, 2025

IBA Center for Banking Excellence, Springfield, IL, or Live-Streamed

The Illinois Bankers Association is pleased to offer the Advanced BSA/AML Academy to meet the ongoing regulatory requirements. This two-day program focuses on the latest changing BSA arena and provides tips and tools to develop and manage an “adequate” and “effective and reasonably designed” BSA program.

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IBA Compliance Connection

Illinois bankers are constantly challenged with new laws, regulations, enforcement trends, and other pressing compliance concerns. The IBA is here to help! Your IBA membership includes access to members-only compliance resources, guidance on compliance inquiries, outstanding educational events and networking opportunities, a weekly compliance newsletter, and more!

Daily Coffee

IBA Files for Summary Judgment and Permanent Injunction in Interchange Law Litigation. The Illinois Bankers Association and its co-plaintiffs have filed a motion for summary judgment and a permanent injunction in our lawsuit to declare the Interchange Fee Prohibition Act (IFPA) preempted, unconstitutional, and invalid. The IBA also filed a written declaration from an expert witness highlighting the technical challenges of trying to comply with the IFPA and demonstrating how intertwined the payment card ecosystem is. The motion is scheduled to be presented to the court April 16, 2025. Read the IBA’s Motion for Summary Judgment and Permanent Injunction and the expert testimony report.

March 18, 2025

OCC Conditionally Approves National Bank’s Fintech Business Model. The OCC has announced its conditional approval of an application from fintech company SmartBiz Loans to acquire CenTrust Bank, N.A., of Northbrook, Illinois, and conduct small business lending activities on a nationwide basis. Acting Comptroller Hood stated that this action “demonstrates the OCC’s commitment to a regulatory framework that support innovations in banking that expand access to financial services for consumers and communities across the country.” Read the announcement and conditional approval.

March 18, 2025

More Compliance News


Compliance Q&A

If we deny a loan application on the day we receive it, must we still send the applicant an appraisal notice?


IBA Compliance Connection – A Valuable Resource for IBA Members

4000+

Original IBA Q&As, together with relevant articles, court decisions, and more!

200+

Topic pages covering a broad spectrum of compliance matters, indexed by bank process and function, together with all relevant Illinois laws and federal regulations

1100+

IBA members have an exciting resource to help them — IBA Compliance Connection at GoToIBA.com — 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! Request access today!


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