Court overturns HMDA reporting threshold for small entities
A federal judge recently moved to vacate CFPB regulations that expanded the number of small-volume lenders deemed exempt from Home...
Legal
OCC issues bulletin on video conferencing and data privacy
The OCC today issued a bulletin for community banks on the legal requirements for protecting non-public OCC information in video...
McHenry, Luetkemeyer, Emmer seek info on CFPB collaboration with state AGs
Expressing concern that the CFPB is acting contrary to its authorizing statute, three senior members of the House Financial Services...
ABA, trade groups: CFPB exceeds authority with exam manual update
CFPB's change is "contrary to law and subject to legal challenge" as well as potential congressional action, the groups said.
GOP lawmakers: CFPB must undo changes to UDAAP enforcement, adjudications
House Republican lawmakers this week slammed recent changes made by the CFPB to its supervision examination manual for unfair or...
A changing AML info-sharing landscape creates new risks
U.S. law enforcement agencies are deputizing—voluntarily or involuntarily—financial institutions to serve as their lead investigators.
NACHA releases guide addressing contractual considerations of voice payments
The reference guide, created by NACHA’s Payments Innovation Alliance, provides background on the importance of terms and conditions when offering...
FinCEN issues advisory to help banks detect foreign corrupt activity
The Financial Crimes Enforcement Network issued an advisory on kleptocracy and foreign public corruption, urging financial institutions to focus their efforts...
Trade groups: CFPB’s revised adjudication rules ‘a step in the wrong direction’
The CFPB’s newly revised rules of practice for administrative adjudication are “a step in the wrong direction,” expanding the powers...
Assistant AG: DOJ Considers Involving CCOs in Corporate Resolutions
In all of the Department of Justice’s corporate resolutions regarding AML compliance violations—including guilty pleas, deferred prosecution agreements or non-prosecution...
