Most consumers with savings would pay down some credit card debt, but would also preserve a savings cushion rather than spend all of it retiring the balance, according to the results of an “online experiment” […]
Title: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets Subject: BSA/AML Agency: FinCEN Status: Proposed rule Summary: FinCEN is issuing this notice of proposed rulemaking to seek public comments on a proposal […]
The new chairman of the federal credit union regulator’s board received congratulations Tuesday from the Senate Banking Committee’s incoming chairman, as well as his colleagues on the agency panel itself. Todd M. Harper was designated […]
More time to comment on proposed new requirements aimed at curbing the use of virtual currencies to move illicit funds is provided in a Financial Crimes Enforcement Network (FinCEN) notice slated for publication Thursday in […]
Spending was up more than 9% by the federal consumer financial protection agency in the last fiscal year, to $558.5 million, according to the agency’s fall 2020 semiannual report issued Jan. 21. The report also […]
President Joe Biden has designated Todd Harper as chairman of National Credit Union Administration (NCUA) Board, the agency announced Monday. “The credit union system now sits at the intersection of several crossroads, and the agency […]
Financial institution regulatory agencies’ proposals for allowing certain exemptions from the requirement to submit suspicious activity reports (SARs) under the Bank Secrecy Act (BSA) were published Thursday in the Federal Register with a public comment […]
Revised guidelines for banks’ appeals of material supervisory determinations by the federal bank deposit insurer were approved by the agency’s board Monday on a vote of 3-1, with Board Member Martin Gruenberg (a former chairman) […]
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