California state court rejects DFPI’s motion for preliminary injunction in true lender challenge
A California state court denied the California Department of Financial Protection and Innovation motion for a preliminary injunction to stop...
Uncategorized
Recent news from Treasury’s Office of Foreign Assets Control: December 1
OFAC took a number of significant sanctions actions over the last week across multiple programs: Russia-related Sanctions OFAC Imposes Additional...
Recent news from Treasury’s Office of Foreign Assets Control: November 17
Guidance OFAC Issues Sanctions Compliance Guidance to Facilitate Providing Humanitarian Assistance to the Palestinian People: OFAC on Nov. 14 issued...
Barr: Fed seeking to empower supervisors following SVB failure
The Federal Reserve is working to let its supervisors know that they should act “with force and agility” when they...
Compliance question of the month: Proof of updated hazard insurance, RESPA and force-placing insurance
My bank has a borrower who has not responded to the bank’s request for proof of updated hazard insurance for...
Recent news from Treasury’s Office of Foreign Assets Control: November 9
OFAC Enforcement Action OFAC Settles with daVinci Payments for Apparent Violations of Multiple Sanctions Programs: OFAC on Nov. 6 announced...
Recent news from Treasury’s Office of Foreign Assets Control: November 2
The Office of Foreign Assets Control took sanctions action over the last week in the Russia and Burma programs: Russia-related...
ABA, trade groups file amicus brief in SEC agency enforcement proceedings challenge
ABA and trade groups filed an amicus brief urging the U.S. Supreme Court to affirm a Fifth Circuit decision holding...
Chime Inc. agrees to pay CFPB $3 million to resolve remittance app allegations
Chime Inc. agreed to pay $3 million to resolve CFPB allegations that its subsidiary mobile app Sendwave illegally restricted consumer...
Metropolitan Commercial Bank pays $30M to settle allegations it violated customer identification rules
Metropolitan Commercial Bank agreed to pay $30 million to resolve allegations from the Federal Reserve Board and New York Department...
