Tag Archives: reporting

FinCEN Extends FBAR Filing Deadline

The Financial Crimes Enforcement Network announced today that it will extend the deadline for certain filings of Form 114 (the Report of Foreign Bank Account, or FBAR).

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OCC Finalizes EGRPRA-Related Regulatory Changes

The OCC today finalized a rule that would make several regulatory adjustments as part of its efforts under the Economic Growth and Regulatory Paperwork Reduction Act to reduce unnecessarily burdensome or outdated banking rules.

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FHFA Issues Final ‘Duty to Serve’ Rule

The Federal Housing Finance Agency today issued a final rule requiring Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.

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ABA: DOL Form 5500 Proposal Falls Short

A 900-page proposal by the Department of Labor to update Form 5500 is “overbroad and significantly exceeds the requisite information necessary or appropriate for effective… reporting,” ABA said in a comment letter today.

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ABA Rejects Proposal to Expand Money Laundering Risk Assessment

ABA today urged the Office of Management and Budget to reject the OCC’s proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment, or MLR, which evaluates the BSA/AML and OFAC sanctions risks associated with bank products as part of the agency’s BSA/AML/OFAC supervision program.

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