A 2010 cease-and-desist order against Barclays Bank plc (London, England) and its branch in New York City over violations of Office of Foreign Assets Control (OFAC) requirements was terminated by the Federal Reserve Board May […]
Responses to the annual “summary of deposits” (SOD) for branch offices are due July 31, which must be collected using the “central data repository” (CDR) from an individual holding an account with the data-collecting center, […]
Richard Clarida and Michelle (“Miki”) Bowman told lawmakers Tuesday that, if they are confirmed to seats on the Federal Reserve Board, they would support the Fed’s dual mandate of maximum employment and stable prices as […]
At least 400 comment letters had been posted by Monday’s deadline for the third “request for information” (RFI) issued by the federal consumer financial protection agency on its “enforcement processes.” Of those, the overwhelming majority […]
A semiannual report to Congress covering activities and findings from Oct. 1, 2017, through March 31, 2018, of the National Credit Union Administration (NCUA) Office of Inspector General (OIG) indicates the agency is expected by […]
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 […]
Examination procedures for assessing compliance with a new Bank Secrecy Act (BSA) “customer due diligence” rule that took effect Friday – requiring covered institutions to verify the identity of beneficial owners at account opening – […]
Hearings, meetings and a Federal Reserve Board member’s speech are among the events on tap for the federal financial institution regulators’ public calendar next week, on subjects ranging from “customer due diligence” to Community Reinvestment […]
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