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 […]
By tapping Rohit Chopra as the intended nominee for next director of the federal consumer financial protection agency, the incoming Biden administration is signaling that changes are coming to leadership of federal financial institution regulation. […]
The federal bank deposit insurer on Tuesday announced it is resuming a long-paused requirement for resolution plan submissions for insured depository institutions (IDIs) with $100 billion or more in assets. The Federal Deposit Insurance Corp. […]
A final rule conforming the central bank’s capital planning requirements for large banking firms with the prudential framework adopted in 2019 was approved Tuesday by the Federal Reserve Board, the agency said. The final rule […]
A new rule codifying that supervisory guidance does not have the force of law, and that enforcement actions are not based on the guidance, was finalized Tuesday by the federal insurer of bank deposits. Three […]
Banks working on their fourth-quarter 2020 call reports, due generally by Jan. 30, are reminded of revisions made to the reports beginning last March in a Financial Institution Letter (FIL) issued Friday by the Federal […]
A continued focus on the challenges posed by the ongoing coronavirus (COVID-19) pandemic and steps to enhance the agency’s offsite monitoring of credit unions’ condition are among the highlights in a letter Friday on 2021 […]
A summary of the October 2020 debt collection rule regarding communications between collectors and debtors is provided in a small-entity compliance guide released by the federal consumer financial protection agency Friday. The Consumer Financial Protection […]
Frank Kressman has been selected as the agency’s general counsel, a move that elevates him from his “acting” role in that post assigned 13 months ago. The National Credit Union Administration (NCUA), in a release […]
A $3.5 million fine has been assessed against the former Wells Fargo Bank general counsel in a settlement following charges that he and other executives helped to maintain a business model that urge workers at […]
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