Compliance

Zions Bank Sheds SIFI Status

The Financial Stability Oversight Council today voted to de-designate Zions Bank as a systemically important financial institution as the bank merges with its holding company.

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CFPB Updates Model Disclosure Forms to Reflect Changes to FCRA

The Consumer Financial Protection Bureau issued an interim final rule making changes to two model disclosure forms -- summary of consumer rights and summary of identity theft rights -- to reflect changes made to the Fair Credit Reporting Act by S. 2155, the new regulatory reform law.

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FinCEN Grants Relief from CDD Rule for CDs, Auto-Renewals

The Financial Crimes Enforcement Network on Friday announced that it would grant relief from beneficial ownership requirements for certificate of deposit rollovers and loans that renew automatically; loans where the renewal, modification or extension does not require underwriting; and safe deposit box renewals.

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