OCC Issues Guidance on Handling Money Market Funds
The OCC today issued guidance on money market mutual funds, or MMFs, for banks that offer MMFs to customers or...
Compliance and Risk
Agencies Issue Guidance on Deposit Reconciliation
The federal banking agencies yesterday issued guidance on how financial institutions are to handle deposit discrepancies.
5 Legal Questions for Your New Product
By Jill Goldman, Esq.
Labor Department Issues Final Overtime Rule
The Department of Labor is today releasing its final rule doubling the salary level used to determine whether employees are...
Supreme Court Affirms ‘Injury in Fact’ Class Action Standard
In a 6-2 decision, the Supreme Court today affirmed the principle that plaintiffs seeking to bring class actions in federal...
ABA Welcomes OCC Regulatory Adjustment Proposal
ABA on Thursday welcomed a proposal from the OCC that would make several regulatory adjustments as part of its efforts...
FinCEN Spotlights Victories Triggered by BSA Reports
As part of the Financial Crimes Enforcement Network’s ongoing efforts to demonstrate that financial institutions’ Bank Secrecy Act reporting is...
ABA: Proposed FBAR Changes Would Increase Reg Burden
In a joint comment letter yesterday, ABA and the Securities Industry and Financial Markets Association offered feedback on the Financial...
Treasury Report Calls for Stronger Oversight of Marketplace Lenders
While online marketplace lenders are subject to many of the same rules as banks for loan originations, marketplace lenders receive...
OCC Issues New Handbook on Private Student Lending
The OCC today added a new booklet on private student lending to its Comptroller’s Handbook.
