A set of guidelines aimed at clarifying federally insured credit unions’ (FICUs) authority to establish relationships with third-party providers that offer digital asset services to their members – along with key safety and soundness considerations […]
Civil money penalties totaling $8 million are to be paid by CommunityBank of Texas, N.A., over violations of the Bank Secrecy Act (BSA) and implementing rules, according to consent orders announced Thursday by Treasury’s financial […]
The charter for the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee of State Regulators (ACSR), first established in 2019, has been renewed for another two years, according to the agency. The FDIC had a notice […]
Risks to financial stability in the current economy were downplayed by Federal Reserve Board Chair Jerome H. (“Jay”) Powell during a press conference Wednesday, as he asserted that the four components of stability were generally […]
Title: Review of Bank Secrecy Act Regulations and Guidance Subject: AML/CFT modernization Agency: FinCEN Status: Request for information and comment Summary: The Financial Crimes Enforcement Network (FinCEN) is issuing this request for information (RFI) to […]
An application released in October to facilitate credit unions’ self-testing of their cybersecurity preparedness costs nothing and can be downloaded via the agency’s website, the agency said in a letter Wednesday to insured credit unions. […]
The impacts of the national bank regulator’s final rule rescinding the 2020 Community Reinvestment Act (CRA) regulations, which were issued only by that agency, should be limited given the delayed compliance dates for some of […]
Comments are due Jan. 24 on the 2022-26 strategic plan for the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration (NCUA) said it is specifically looking for comments on the […]
Input on how to modernize and streamline the United States’ anti-money laundering and countering the financing of terrorism (AML/CFT) regime, carried out under the Bank Secrecy Act (BSA), is sought in a request for information […]
A $2.26 billion operating budget for 2022 – slightly lower overall (0.7%) from the previous year – was approved by the Federal Deposit insurance Corp. (FDIC) Board Tuesday. However, the operating budget includes significant components […]
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