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.
HUD rescinds several regulatory requirements for FHA-backed mortgages
In a move intended to reduce the cost of homeownership and eliminate unnecessary burden, HUD recently rescinded more than a dozen regulatory requirements in FHA's single-family mortgage insurance program.