A final rule revising consumer financial protection bureau procedures for handling information requests from members of the public is set to take effect Oct. 12. The final rule, issued by the Bureau of Consumer Financial […]
The Financial Crimes Enforcement Network (FinCEN) is in the process of renewing two information collections under rules requiring financial institutions and broker/dealers to develop and implement customer identification (CID) programs under the Bank Secrecy Act […]
The House Financial Services Committee is set to begin mark-up Thursday of 14 pieces of legislation that range in focus from, among other things, Federal Reserve operations and monetary policy (for example, removing employment from […]
The San Francisco region of the Federal Deposit Insurance Corp. (FDIC) is hosting a teleconference for bankers from 1-2:30 p.m. (Pacific Time) next Tuesday (Sept. 18) to discuss updates related to consumer compliance and the […]
Federal savings associations with $20 billion or less in consolidated assets could elect to operate with national bank powers – while taking on the duties and restrictions applied to national banks – under a proposed rule issued Monday […]
Credit unions eligible for a partial exemption from mortgage data reporting under the recently enacted regulatory relief law should report non-exempt data points this year, even if they collected all data points prior to the […]
Questions about rulemaking under the recently enacted regulatory relief law – with the first hearing set to feature appointees to the four bank and credit union agencies by the current president – will get at […]
The exceptive relief for financial institutions from Financial Crimes Enforcement Network (FinCEN) beneficial ownership rule requirements regarding certain account rollovers and renewals is now permanent, the law enforcement agency announced Friday. The relief, first provided […]
The Bureau of Consumer Financial Protection (BCFP) on Friday announced new memberships for three councils to advise the bureau director on consumer, community bank and credit union views regarding the agency’s supervisory and rulemaking activities. […]
The federal bank deposit insurance agency on Sept. 1 terminated its receiverships of six banks, having “fulfilled its obligations and made all dividend distributions required by law,” according to a notice filed with the Federal […]
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