ABA Seeks Clearer Guidance from FinCEN on Andorra Bank Proposal
In a comment letter filed this week, ABA and the Clearing House expressed their support to the Financial Crimes Enforcement...
Compliance and Risk
Shelby’s Sweeping Financial Reform Bill Would Advance ABA Goals
Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide...
Curry Encourages Participation in Treasury’s SSBCI Program
Comptroller of the Currency Thomas Curry today encouraged bankers to participate in the Treasury Department’s State Small Business Credit Initiative,...
CFPB Warns Lenders to Consider Section 8 Voucher Income
The Consumer Financial Protection Bureau today issued a bulletin reminding creditors to include income from Section 8 homeownership vouchers when...
Individuals Arrested on Fraud, Money Laundering in Multimillion Dollar Drug Scheme
Thirty-two people involved in a racketeering enterprise that spanned from California, Minnesota, Ohio, and Puerto Rico have been arrested on...
CFPB Declines Congressional Appeals for TILA-RESPA Grace Period
In an April 22 letter released today, Consumer Financial Protection Bureau Director Richard Cordray declined congressional appeals to provide a...
OFAC Releases 2014 Terrorist Assets Report
The U.S. Department of the Treasury's Office of Foreign Assets Control recently released its 23rd Terrorist Assets Report.
Analyst: Dodd-Frank to Reduce GDP by $900B over 10 Years
Complying with the Dodd-Frank Act is projected to reduce U.S. gross domestic product by $895 billion from 2016 to 2025,...
FinCEN Fines Virtual Currency Company, Launches BSA Exams
Recent actions by the Financial Crimes Enforcement Network indicate that regulatory pressure on virtual currency companies is heating up.
