FinCEN announced that Jamal El-Hindi will be FinCEN’s new deputy director. El-Hindi joined FinCEN in 2006 where he was head of the former regulatory policy and programs division. He previously served as associate director for the policy division before becoming acting deputy director in January 2015. As deputy director, he will be working with law enforcement, intelligence, and the financial and regulatory communities to ensure the effective coordination of AML/CFT initiative.
Interim final rule establishes procedures for investigating complaints of employer retaliation for reporting possible violations of the Bank Secrecy Act and sanctions laws. It does not apply to bank employees.
Glacier Bancorp in Montana to buy Bank of Idaho Holding Co.; Community Bank Holdings of Texas in Corsicana to buy CapTex Bancshares in Fort Worth.
In one of his last speeches before exiting his current role, FDIC Chairman Martin Gruenberg said he was worried that “memories are short” when it comes to the factors that led to past banking crises.
The Federal Housing Finance Agency finalized a rule amending the capital requirements for Federal Home Loan Banks so they can better respond to their members’ liquidity needs.
Five federal and state agencies issued a joint statement on their supervisory practices and expectations for financial institutions affected by the California wildfires.
The Producer Price Index increased 0.2% in December from the previous month, the Labor Department reported. The index showed prices increased 3.3% from a year before.
