GAO Report Examines Effects of Proposed AML Legislation
The Government Accountability Office today published a report examining whether information that would be collected under a proposed Remittance Status...
Compliance and Risk
OCC Revises Guidance on Installment Lending, Country Risk Management
The OCC today issued an update to the “Installment Lending” section of its Comptroller’s Handbook.
CFPB Corrects Disruptive Typo in TRID Rule
The Consumer Financial Protection Bureau yesterday issued a correction of a typo in the TILA-RESPA integrated disclosures.
Think Fair Banking
By Sarah Oliver, CRCM
New York Proposes AML Monitoring Requirements
The New York State Department of Financial Services is proposing a new anti-money laundering regulation that would apply to all...
ABA Issues Staff Analysis on Military Status Determinations
In a members-only staff analysis issued today, ABA provided background information and an FAQ on how banks can determine military...
House Passes ABA-Backed Anti-‘Choke Point’ Bill
By a bipartisan 250-to-169 vote, the House today approved a bill that would end the Justice Department’s Operation Choke Point...
CFPB Uses Bully Pulpit on Overdraft, Checking Account Screening
The Consumer Financial Protection Bureau today announced several actions and statements that it said would facilitate customer access to checking...
ABA Updates SCRA Resources
ABA has updated its staff analyses on the Servicemembers Civil Relief Act compliance and HUD’s Servicemembers Civil Relief Act notice...
Participation in MLRS Proposed for All OCC-Supervised Banks
The OCC is seeking comments on proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment, or MLRS, which evaluates...
