CFPB Clarifies Requirements for Preauthorized EFTs
The Consumer Financial Protection Bureau today issued a bulletin clarifying the obligations of entities obtaining customer authorization for recurring preauthorized...
Compliance and Risk
N.Y. AG: Daily Fantasy Sports Violate State Law; FanDuel and DraftKings Fight Back
On November 17th, New York State Attorney General Eric Schneiderman filed an enforcement action in New York State Supreme Court...
CFPB Updates Rulemaking Agenda for 2015-16
The Consumer Financial Protection Bureau today updated its rulemaking agenda for the remainder of 2015 and into 2016.
FTC Bans Remotely Created Checks, Payment Orders by Telemarketers
The Federal Trade Commission announced on Wednesday that it will amend its Telemarketing Sales Rule to address new forms of...
FinCEN Director: BSA Reporting is Crucial Part of Financial Intelligence
FinCEN Director Jennifer Shasky Calvery, speaking at the ABA/ABA Money Laundering Enforcement Conference today, stressed the need for financial institutions...
Szubin: Risks Should be Managed, Not Avoided Altogether
Speaking at the ABA/ABA Money Laundering Enforcement Conference today, Acting Treasury Undersecretary Adam Szubin stressed the importance of healthy correspondent...
DOJ’s Yates Details Individual Accountability for Corporate Crimes
In remarks today at the ABA/ABA Money Laundering Enforcement Conference, Deputy Attorney General Sally Quillian Yates announced an update to...
