Fed Formalizes 2017 Extension for Volcker Fund Conformance

FinCEN announced it has taken multi-tiered actions against more than 100 money services businesses along the southwest U.S. border for allegedly failing to comply with anti-money laundering regulations.

A federal grand jury in Nebraska has returned two indictments charging 54 individuals for their alleged roles in stealing millions of dollars from bank and credit union ATMs across the U.S., the Justice Department announced.

U.S. payment card networks processed 100.7 billion debit and general-use prepaid card transactions valued at $4.7 trillion in 2023, representing an annual 4.6% increase in both value and volume over the two years studied, the Federal Reserve said...

The CFPB is once again reversing course on whether earned wage access products are subject to the Truth in Lending Act, with the bureau planning to issue a new advisory opinion declaring many such products not to be...

By Peter Hardy, Andres Fernandez, Gabriel Caballero, Siana Danch and Daniel Noste A staggering amount of funds flow in and out of the United States from the international trade of fentanyl, methamphetamine, cocaine and other illegal drugs consumed...

President Trump’s recent executive order closing federal government agencies on Dec. 24 and 26 does not affect the timing requirements in regulations with requirements based on business days, such as Regulation Z (TRID and right of rescission), Regulation...