Operating fees from federally chartered credit unions (FCUs) are due April 17, the federal credit union regulator said Wednesday, and will be based on year-end 2017 asset sizes. Additionally, the agency said in its Letter […]
A Taiwan bank was ordered to pay a $29 million penalty for compliance deficiencies found in 2016 under anti-money laundering (AML) laws, including the Bank Secrecy Act (BSA), the Federal Reserve said Wednesday. The order […]
Modernizing the Bank Secrecy Act (BSA) and anti-money laundering (AML) regime has “clear bipartisan interest,” the chairman of the Senate Banking Committee said Wednesday in opening a hearing, where he called for coordination and information […]
A series of “requests for information” to determine if the Consumer Financial Protection Bureau (CFPB) is fulfilling its “proper and appropriate functions to best protect consumers” will be published in coming days, the acting director […]
Nearly 1,660 “full-time equivalent” (FTE) positions were on its employment rolls at the end of 2017, with about 85% of those positions performing “activities that can only be performed by a Federal employee,” the Consumer […]
For the second time since he was nominated by President Donald Trump to be the next chairman of the Federal Reserve Board, Jerome H. “Jay” Powell has received the support of the Senate Banking Committee […]
The payday loan rule, scheduled to take effect now, may be reconsidered, the Consumer Financial Protection Bureau (CFPB) said Tuesday. In a statement, the bureau said it intends to engage in a rulemaking process that […]
At least 17 “regulatory relief” items – including several provisions based on similar items contained in the already-House approved H.R. 10, the Financial CHOICE Act – will be marked up by the Financial Services Committee […]
An examination of federal efforts to combat money laundering will continue this week as senators hold their second hearing on the subject in the past week, while House members mark up more “regulatory relief” legislation. […]
Hearings to consider the nominations of the leader of the federal deposit insurance agency and a member of the board of the nation’s central bank are tentatively set for Jan. 23. The Senate Banking Committee […]
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