FinCEN Updates List of AML/CFT Jurisdictions
The Financial Crimes Enforcement Network last week released a revised list of the jurisdictions that are subject to countermeasures or...
Newsbytes
Labor Department Releases Proposed Overtime Rule
The U.S. Department of Labor this evening released its long-awaited rewrite of the Obama administration’s “overtime rule”—which was adopted in...
Bipartisan Cannabis Banking Bill Introduced
Reps. Ed Perlmutter (D-Colo.), Denny Heck (D-Wash.), Steve Stivers (R-Ohio) and Warren Davidson (R-Ohio) today introduced a bipartisan bill that...
CFPB to Focus on ‘Prevention of Harm’ Under Kraninger’s Leadership
The Consumer Financial Protection Bureau will focus on “the prevention of harm” under her leadership, CFPB Director Kathy Kraninger said...
Bonus Podcast: Spreading the Word on Phishing
With consumer losses from phishing scams in 2017 up 375 percent from two years prior, according to FBI data, the...
Fed to Phase Out ‘Qualitative Objection’ Component of CCAR Process
Beginning in the 2019 stress testing cycle, the Federal Reserve will limit its use of the “qualitative objection” in its...
Agencies Issue Policy Statement on Examination Reports
As part of its ongoing exam modernization initiative, the Federal Financial Institutions Examination Council today issued a policy statement aimed...
Fed Floats Rule Change Targeting ‘Narrow Bank’ Concept
The Federal Reserve today sought public comment on whether it should reduce the rate of interest paid on excess reserves...
ABA Foundation, FTC Release Infographic on Phishing Threat
As phishing becomes a top cyber threat—with losses growing to nearly $30 million in 2017 from $8 million in 2015,...
