It has been more than one month since President Donald Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), a measure widely touted by financial institutions as “major regulatory […]
Most small-business owners are aware of financial products offered by online lenders, which has led to mixed views among the small businesses – but better disclosures could improve overall attitudes, according to a study published […]
Revised Comptroller’s Handbook booklets on the bank supervisory process, community bank supervision, compliance management systems and large bank supervision were issued Thursday by the Office of the Comptroller of the Currency (OCC), along with an […]
Two individuals who pleaded guilty to charges of embezzlement at the credit unions where they worked have been prohibited from any future involvement in the affairs of a federally insured depository institution, according to orders […]
“Tailoring” of financial regulation may be a common theme in both legislative and regulatory actions, the Federal Reserve’s top supervisory official said Tuesday, but that does not mean regulators are abandoning their responsibility to promote […]
The National Credit Union Administration (NCUA) will host two webinars this summer for credit union professionals interested in learning more about the workings of federal share insurance. The first webinar, “Looking for a CURE for […]
Two individuals were convicted of wire fraud and bank fraud, and another for conspiracy to commit mail fraud, in recent cases pursued by federal law enforcement with the cooperation of the Federal Deposit Insurance Corp. […]
A rule requiring credit unions to adopt “risk-based capital” in 2019 would be delayed by two years under legislation agreed to by the House Wednesday. The Foreign Investment Risk Review Modernization Act of 2018 (H.R. […]
A Government Accountability Office official reiterated in a House subcommittee hearing Tuesday his office’s recommendation that regulators undergo a retrospective review of Bank Secrecy Act (BSA) rules and that Treasury assess shifts in remittance flows […]
The House Monday and Tuesday passed two bills that would (1) provide a safe harbor for keeping suspicious accounts open at the behest of law enforcement and (2) create a criminal penalty for releasing certain […]
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