Notices and information from other, related federal agencies of interest (FinCEN, etc.)
The House Financial Services Committee on Thursday marked up a bill to give financial institutions a safe harbor for maintaining certain, suspicious accounts; and another largely removing the Federal Insurance Office’s (FIO) current focus on […]
A House Financial Services Committee mark-up begins June 7 on seven bills covering a wide range of federal financial industry regulatory concerns. The mark-up, scheduled for 11 a.m. ET, could continue beyond June 7. Bills […]
State requests for more time to establish an appraisal management company (AMC) program are slated for action during a June 8 open, special meeting of the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee (ASC). […]
Effective dates for provisions in the newly enacted “Economic Growth, Regulatory Relief and Consumer Protection Act” (S.2155, signed into law by President Donald Trump last week, May 24) are varied and wide ranging, a review […]
A financial institutions “regulatory relief” bill that exempts more banks from proprietary trading restrictions, waives certain mortgage lending rules and eases some banks’ stress-test and capital requirements was signed into law by President Donald Trump Thursday […]
A Senate-passed “regulatory relief” package that would exempt more banks from the Volcker rule, ease certain mortgage rules and more is slated for action in the House next week. The House Rules Committee meets Monday […]
The Financial Crimes Enforcement Network (FinCEN) on Wednesday issued an administrative ruling providing 90-day exceptive relief from beneficial ownership requirements for legal entity customers, prescribed under the network’s customer due diligence (CDD) rule, for accounts […]
The federal panel responsible for oversight of states’ real estate appraiser regulatory programs will accept comments until June 14 on the information it plans to collect for a national registry of appraisal management companies (AMCs), […]
How the “customer due diligence” rule (which took effect for compliance on Friday) advances the effectiveness of anti-money laundering and combatting the financing of terrorism is the focus of a Wednesday hearing in the House. […]
Premium finance lending products that allow for cash refunds have been extended “exceptive relief” from the application of the “beneficial ownership requirements” under customer due diligence rules that took effect Friday, the Financial Crimes Enforcement […]
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