Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Three bills that affect financial institution regulation will be considered on the House floor this week, including a measure limiting the scope of the “Volcker rule” to banks with more than $10 billion in assets […]
The adoption of a new appraisal threshold by the Federal Deposit Insurance Corp.’s (FDIC) Board, and the settlement for users of “RushCard” pre-paid cards, were among the five most-viewed items reported in March by Regulatory […]
Components of the “Troubled Asset Relief Program” (TARP) – adopted in 2008 to battle the effects on the banking system of a collapsing subprime housing market – will be wound down under a Treasury proposal […]
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) released a new frequently asked questions (FAQ) document Tuesday addressing financial institutions’ compliance concerns related to customer due diligence (CDD) requirements under the Bank Secrecy Act (BSA). […]
Recommendations to reform the Community Reinvestment Act (CRA) were released by the Treasury Department Tuesday, with an aim to “better align CRA activity with the needs of the communities that banks serve, while being conducted […]
Civil money penalties of $2 billion will be paid by a multi-national bank to resolve fraud claims over the sale of residential mortgage-backed securities (RMBS), the Department of Justice (DOJ) announced Thursday. In a release, […]
Thomas E. Workman was confirmed by the Senate Wednesday to a six-year term as a member of the Financial Stability Oversight Council (FSOC). He serves as the council’s independent representative having insurance expertise and is […]
Numerous recommendations related to improving interagency coordination on fintech – including addressing competing concerns on financial account aggregation, and evaluating whether it would be feasible and beneficial to adopt regulatory approaches similar to those undertaken […]
Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
A Volcker rule exemption, more extended-exam-cycle eligibility for small banks and protection for veterans from negative credit reporting when payments for medical services are held up due to federal administrative processes were among the bills […]
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