Industrial production increased 0.4% in March from the previous month, the Federal Reserve reported today. The March figure was down 1.8% from a year prior. Manufacturing rose 0.5% in March, mining fell 1.4% and utility output increased 2%.
Compliance QOTM answers question on disclosure for large deposits under Regulation CC (Expedited Funds Availability Act).
The Office of Foreign Assets Control announced the following sanctions action.
The Office of Foreign Assets Control announced the following sanctions action last week.
In a 3-0 decision, a Fourth Circuit panel ruled that financial institutions are not liable for fund transfers where the beneficiary name and account number do not match, unless the institution knew the mismatch at the time of...
A Washington D.C. federal court granted the FDIC partial summary judgment, ruling that Bank of America must pay $540 million for allegedly underpaying its quarterly premiums from 2013 to 2014.
Following the evidentiary hearing, the court will determine whether the CFPB violated the preliminary injunction. In the meantime, the bureau is barred from carrying out its RIF.
