Other – Page 28 – Regulatory Report

What's up

[ April 1, 2025 ] Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico The Fed
[ April 1, 2025 ] FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing Other
[ April 1, 2025 ] Three state financial institution regulators named to liaison group for Exam Council Other
[ April 1, 2025 ] March disclosure shows 8 banks rated ‘outstanding’ for CRA OCC
[ March 31, 2025 ] OCC reverses course on climate-related principles; large banks no longer must follow OCC

GAO publishes framework for evaluating financial stability efforts

January 28, 2021 0

Principles for assessing the financial stability efforts of federal oversight bodies – by third parties and on their own behalf – were published in a report Thursday by the Government Accountability Office (GAO). The framework, […]

Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets

January 26, 2021 0

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 […]

FinCEN adds 60-day comment period for proposed tracking of certain digital currency transactions

January 26, 2021 0

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 […]

White House order starts process for improving, modernizing regulatory review

January 21, 2021 0

Producing a set of recommendations for improving and modernizing federal regulatory review was ordered by the new president Wednesday, with an aim of ensuring “swift federal action,” according to a memorandum issued by the White […]

FinCEN, bank and credit union regulators issue FAQs on SAR reporting, other AML considerations

January 21, 2021 0

Answers to frequently asked questions (FAQs) related to suspicious activity report (SAR) rules and other anti-money laundering (AML) considerations were issued jointly Monday by the four federal financial regulatory agencies. The FAQs from the Federal […]

Capital One fined $390 million over ‘willful,’ ‘negligent’ BSA violations; $100 million previously paid is credited

January 19, 2021 0

A $390 million civil money penalty assessed Friday against Capital One, National Association, over the Bank Secrecy Act’s (BSA) anti-money laundering (AML) rule requirements was offset in part by the $100 million penalty the bank […]

FinCEN adds time to comment on proposal for tracking certain virtual currency transactions

January 14, 2021 0

The comment period has been reopened on a proposed rule issued last month on the tracking of certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender (LTDA) status, the Financial Crimes […]

FinCEN taking nominations to BSA advisory panel

January 13, 2021 0

Nominations to membership on the panel that advises the Financial Crimes Enforcement Network (FinCEN) director on Bank Secrecy Act (BSA) reporting requirements will be taken until Jan. 28, the agency said in a recent notice. […]

Reg Report takes a holiday break (see you Jan. 4)

December 23, 2020 0

Regulatory Report is taking a holiday break, beginning Dec. 24; publication will resume on Jan. 4. That is, unless there are significant news events between now and then – in which case “special reports” will be […]

Proposal would track virtual currency transactions as a tool in curbing money laundering

December 22, 2020 0

New requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender (LTDA) status will be proposed by the Treasury’s financial crimes arm as early as Wednesday, which would require financial […]

« 1 … 26 27 28 29 30 … 62 »

Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico

April 1, 2025 0

An enforcement action that dated back to 2022 against three Irvine, Calif., financial institutions has been terminated by the Federal Reserve, the agency said Tuesday. The Fed said its cease-and-desist actions against Allegiant United Holdings, Nano Financial Holdings, Inc., and [...]
FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing

April 1, 2025 0

Notices providing “red flags” to help financial institutions identify and report potential bulk cash smuggling across the U.S.-Mexico border and financing of ISIS were issued this week by the Financial Crimes Enforcement Network (FinCEN), Treasury’s financial crimes enforcement arm. The [...]
Three state financial institution regulators named to liaison group for Exam Council

April 1, 2025 0

Three state regulators have been named to serve on the liaison council to the umbrella group for federal financial regulators, the group announced Tuesday. The three named to the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council [...]
March disclosure shows 8 banks rated ‘outstanding’ for CRA

April 1, 2025 0

Eighteen banks’ Community Reinvestment Act (CRA) ratings from the national bank regulator became public in March, and of those, eight were ratings of “outstanding” and 10 were “satisfactory,” the agency said. The banks’ CRA evaluation “public disclosure” reports, available on [...]
OCC reverses course on climate-related principles; large banks no longer must follow

March 31, 2025 0

Large financial institutions will no longer have to deal with principles for climate-related financial risk management under a decision issued Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the principles (adopted in [...]
Bureau follows law, makes 2024 loan level data under HMDA available

March 31, 2025 0

Loan-level information for 2024 filed by banks but edited to protect consumer privacy was released Monday by the federal consumer financial protection agency, as required by law. The data, collected under the Home Mortgage Disclosure Act (HMDA) Modified Loan Application [...]
NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In all, the agency said it [...]