Recent news from Treasury’s Office of Foreign Assets Control: February 18
The Office of Foreign Assets Control announced the following sanctions action last week.
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Compliance question of the month: February 2025
Compliance QOTM answers question on status of 1071.
Conference for Community Bankers livestream schedule
Fed Governor Michelle Bowman and Acting Comptroller of the Currency Rodney Hood are among the speakers at ABA’s Conference for...
ABA files amicus brief supporting BPI and TCH in Corner Post case
ABA filed an amicus brief urging the Northern District of North Dakota to grant the Bank Policy Institute and the...
ABA files coalition amicus brief arguing FDIC’s CMP against CBW Bank violates Jarkesy
ABA filed a coalition amicus brief in Kansas federal court supporting CBW Bank in its lawsuit challenging FDIC’s authority to...
ABA files coalition amicus brief arguing FDIC’s in-house proceedings violate Jarkesy
ABA filed a coalition amicus brief with the Fifth Circuit supporting Cornelius Campbell Burgess, former CEO of Herring Bank, in...
Fidelity agrees to pay $600K to resolve FINRA’s allegations over ex-employees alleged theft
Fidelity Brokerage Services LLC agreed to pay $600,000 to settle allegations that it lacked an adequate supervisory system from 2012...
Seacoast National Bank sues Cargill over alleged fraudulent transfers
Seacoast National Bank sued food company Cargill Inc., alleging it engaged in fraudulent activities and breached fiduciary duties by misusing...
Fourth Circuit upholds arbitration in PPP loan lawsuit against BofA
A Fourth Circuit panel affirmed a Maryland federal court decision requiring small businesses to arbitrate their proposed class action lawsuit...
U.S. Supreme Court issues stay of CTA nationwide injunction
The U.S. Supreme Court issued a stay of the nationwide preliminary injunction that blocked the enforcement of the CTA.
