A bill that would, among other things, provide financial institutions an 18-month safe harbor for good faith compliance with the recent Financial Crimes Enforcement Network (FinCEN) customer due diligence (CDD) rule was pulled from the […]
Welcoming the regulator of national banks to testify before his committee Thursday, the chairman of the Senate Banking Committee indicated the agency would announce its final plans on a “fintech” charter in July. In opening […]
What a difference a word makes. Turns out that a request for information (RFI) by the Bureau of Consumer Financial Protection (BCFP) in May had a typo in its headline, resulting in “compliant” being substituted […]
Legal haggling over the federal consumer financial protection agency’s regulation of payday loans took a new turn in federal court in Texas Tuesday when a district court judge found the regulation’s effective date remains in […]
A civil money penalty of $5 million was assessed against a South Carolina firm and subsidiaries for making improper in-person and telephone collection attempts on consumer installment loans and retail sales installment contracts, the Bureau […]
An 18-month review of account opening activities at more than 40 national banks in the wake of the Wells Fargo fiasco identified some 20,000 accounts that were opened under questionable circumstances, Comptroller of the Currency […]
Modernizing the regulatory approach to community reinvestment and making anti-money laundering compliance more efficient are among the priorities for the federal regulator of national banks, he told a House panel Wednesday. In prepared testimony, Comptroller […]
Look for the White House to unveil its nominee for a permanent director of the federal consumer financial protection agency by the middle of next week, the current acting director said Tuesday – although his […]
Treasury’s financial crimes unit on Tuesday issued an advisory to warn U.S. financial institutions about the connection between corrupt senior foreign political figures and their enabling of human rights abuses, how they seek to use […]
A former employee of Regions Bank in Birmingham, Ala., has been prohibited from future involvement with financial institutions for allegedly engaging in improper practices regarding credit origination, the Federal Reserve said Tuesday. Ashley N. Burrus, […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info