Compliance Events

Implementing the New Illinois Notary Requirements

September 12, 2023

OnDemand Access - available until Tuesday, October 31

Implementing the New Illinois Notary Requirements webinar, presented on Tuesday, September 12, delved into new and complex requirements for notaries public in Illinois. Attorneys from the IBA and the Illinois Secretary of State’s office shared how to navigate the sweeping changes to the Notary Public Act and the Secretary of State’s new administrative rules, including maintaining notarial journals, performing remote and fully electronic notarizations, training, and study course mandates, and more.

If you missed out on the live-streamed session, you can still purchase the OnDemand recording option!

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IBA October Compliance Forum

Thursday, October 12

The Regency Conference Center, O'Fallon or Live Streamed Via Zoom

The IBA’s Compliance Forum provides an opportunity for bankers to meet in person and examine pressing issues constructively, exchange ideas, and share solutions among colleagues in a comfortable and professional environment. We will provide timely updates on a variety of topics for you to take back to your bank.

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Bank Counsel Conference

Friday, December 1

The Drake Hotel, Chicago

The Bank Counsel Conference is the most prestigious gathering of bank counsel in Illinois. Whether you provide general advice to a bank within the scope of a general practice or concentrate on one or more specific areas related to banking, this program helps you identify and manage cutting-edge issues that are central to your clients and your practice. 

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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

IDFPR Releases Second Draft of Proposed Illinois CRA Rules. The Illinois Department of Financial and Professional Regulation (IDFPR) has released a second draft of its proposed rules implementing the Illinois Community Reinvestment Act (Illinois CRA) for Illinois-chartered banks, with a narrative document addressing major concerns raised in written comments and testimony. Changes from the first draft include a new requirement for banks to report the small business loan data to the IDFPR as reported under the CFPB’s Section 1071 Small Business Lending Data Collection Rule, a new Appendix C containing examples of community development activities, new language prohibiting examination fees from increasing by more than 5% annually, and more. The IBA is reviewing the proposal, and we plan to continue our ongoing dialogue with our state-chartered member banks and thrifts about the proposal. View the revised proposed rules and narrative document.

September 26, 2023

FinCEN Proposes Extending Beneficial Ownership Reporting Deadline for New Entities. FinCEN has proposed extending the deadline for new businesses to file their initial beneficial ownership information reports with FinCEN. Business entities created or registered on or after January 1, 2024, and before January 1, 2025, would have ninety days, extended from thirty days, to file their initial reports. Read the announcement and proposed rule.

September 27, 2023

More Compliance News

Compliance Q&A

Does an ACH credit risk exposure count as a business loan under the 1071 Rule?

IBA Compliance Connection – A Valuable Resource for IBA Members


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


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


IBA members have an exciting resource to help them — IBA Compliance Connection at — 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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