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1558 Enforcement Actions in the U.S. over past 30 days


FTC enforcements decreased 55% over the past 30 days


SEC issued enforcements: $37,812,859 over the past 30 days


50 Final Rules go into effect in the next 7 days


49 Mortgage Lending docs published in the last 7 days


1670 docs with extracted obligations from the last 7 days


new Proposed and Final Rules were published in the past 7 days


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As we close the year out and prepare for 2024, continues our ongoing commitment to help BSFIs stay up-to-date on new regulations and changes. At, we provide a regulatory compliance and risk management solution that applies purpose-built machine learning models to automatically monitor the regulatory environment for relevant changes and maps them to your internal policies, procedures, and controls. It ensures you track, react, and report on impactful regulations and requirements on a timely basis. As we go into the new year, here is what we expect to see.

2024 Predictions: Expected regulatory compliance focus trends:

1) Regulatory activities aimed to mitigate future banking failure

In light of recent (2023) financial sector collapses and failures, we expect regulatory activity and updates in the following areas: 

  • “Untailoring” of enhanced prudential standards 
  • (intersects with Basel III Endgame)
  • AOCI filter
  • Additional capital or liquidity requirements for firms with certain deficiencies 
  • Resolution planning requirements
  • Deposit insurance
  • Interagency Policy Statement on Funding and LRM
  • Revised incentive compensation standards
  • RECOUP Act
  • Source of strength regulations
  • New liquidity facilities
  • Bank merger reform
  • FDIC proposal for Banks above $10B 

2) Digital Transformation and use of AI: 

Regulated organizations’ increased dependency on technology and data-driven processes will continue to lead to new regulations addressing the usage of rapidly evolving technologies like artificial intelligence.

3) Data Privacy: 

Given the growing concerns around data privacy, we expect continued efforts to strengthen regulations governing the collection, storage, and use of personal data, both as regional and global initiatives.

4) Environmental Sustainability Regulations: 

Within ESG related regulatory activities, we expect to see an increasing focus on environmental regulations. We anticipate refined regulations aimed at promoting sustainability.

5) Cross-Border Regulations: 

As businesses (especially financial orgs) continue to expand global operations, we expect growing regulatory efforts to help harmonize cross-border regulatory compliance frameworks across regulatory bodies.

6) RegTech Adoption to assist with Crisis readiness: 

In light of recent global events such as the COVID-19 pandemic, the need for robust business continuity plans has continued to grow in parallel to requiring agile and rapid knowledge and adoption of ever-changing regulations. Regulators will most likely continue emphasizing the importance of organizations’ preparedness for unforeseen disruptions. We expect to see the use of expanded and widespread adoption of regulatory technology (RegTech) to streamline compliance processes and enhance regulatory reporting, with regulators potentially encouraging or mandating its use.

As we keep up with all the policy and procedure changes, here is what our expert advisory team has to say about predictions for 2024:

  • Advisor, Dr. Brent Crider, is the Founder and President of BC Compliance Associates. He previously served in C-suite roles and has 35 years of experience in public and private institutions leading program enhancements. According to expert advisor Dr. Brent Crider, “ I think it’s going to be a very big year for The first thing that comes to mind is all the changes’s solution has to offer to help manage the continuous changing regulations and policies. The days of spreadsheets are over. I’m a big fan of the management hub, it’s fantastic to see how easy it is to organize, label and track your tasks. Change management and governance is huge and being able to utilize and comply with your policies and procedures will be a huge asset to have in 2024.”
  • Advisor, Kelvin Dickenson is a seasoned executive providing advice, software, data and services in the RegTech industry. According to expert advisor Kelvin Dickenson, “An increased level of cyber attacks and fake news in order to influence both the election and also to influence public sentiment. We will see much more intense regulations. I’m sure we will see an increase in accountability through regulation and executive orders on further hardening our 16 critical infrastructure industries against cyber attacks. Lastly, I believe we will also see more regulation and more litigation around the way the elections are administered and handled both at the state and federal level.”
  • Advisor Doreen Ghusar, With over 20+ years of experience in the dynamic digital innovation landscape, she is a seasoned Compliance Leader dedicated to driving excellence in regulatory compliance, risk management, and digital innovation within the financial services and lending industry. According to Doreen Ghusar, “ My prediction for 2024, is that compliance is always a moving target, so staying ahead of the ever-changing laws will be extremely important to ensure the continued success and integrity of an organization. I also would highlight upon fair lending and credit risk models. We have seen regulators issue guidance and emphasize the importance of thoroughly reviewing all relevant data concerning fair lending and its outcomes, particularly in the context of credit risk models. I believe this will be important in 2024. Lastly, another item that keeps popping up is artificial intelligence and dark patents. AI-powered devices and services will offer potential benefits again to both consumers and businesses.”

2024 Regulatory Compliance Trends

Compliance Artificial Intelligence