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 […]
A new “Military Lending Act” (MLA) booklet was issued Friday as part of the Consumer Compliance series of the Comptroller’s Handbook, which is used by Office of the Comptroller of the Currency (OCC) examiners to […]
A former currency trader at a major U.S. bank has been indicted for an alleged role in a conspiracy to manipulate prices in the foreign currency exchange (FX) market, the inspector general’s office for the […]
A proposed rule addressing the effects of the new current-expected-credit-loss (CECL) accounting standard on banks’ regulatory capital is being issued by the three federal banking regulators through a notice in the Federal Register. Comments are […]
There may be a hearing ahead, but the Treasury Financial Crimes Enforcement Network (FinCEN) rule requiring financial institutions to verify the identity of beneficial owners at account opening takes effect today. So says a reminder […]
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