Author: Rachel Mondragon, Director of Financial Institution Compliance In December 2021, Capital One Bank announced it would no longer charge overdraft fees. One month later, Bank of America announced it would be eliminating NSF fees and reducing overdraft fees. This trend has continued with some of the nation’s largest banks (i.e. Citibank, Fifth Third) following suit. […]

Section 1071 of the Dodd Frank Act amended the Equal Credit Opportunity Act (ECOA) to require lenders to collect and maintain data on loan applications received from small businesses. The Consumer Financial Protection Bureau’s (the “CFPB” or “Bureau”) is expected to issue the final rule in March 2023.

JRBT was recently named a “Top 300 Accounting Firm” in the August issue of Inside Public Accounting (IPA) newsletter with a ranking of #212. JRBT is the only Waco firm on the list and is among the top 10 of Texas firms on the list. The designation is based on a variety of criteria and […]