Individuals Arrested on Fraud, Money Laundering in Multimillion Dollar Drug Scheme
Thirty-two people involved in a racketeering enterprise that spanned from California, Minnesota, Ohio, and Puerto Rico have been arrested on...
Compliance and Risk
CFPB Declines Congressional Appeals for TILA-RESPA Grace Period
In an April 22 letter released today, Consumer Financial Protection Bureau Director Richard Cordray declined congressional appeals to provide a...
OFAC Releases 2014 Terrorist Assets Report
The U.S. Department of the Treasury's Office of Foreign Assets Control recently released its 23rd Terrorist Assets Report.
Analyst: Dodd-Frank to Reduce GDP by $900B over 10 Years
Complying with the Dodd-Frank Act is projected to reduce U.S. gross domestic product by $895 billion from 2016 to 2025,...
FinCEN Fines Virtual Currency Company, Launches BSA Exams
Recent actions by the Financial Crimes Enforcement Network indicate that regulatory pressure on virtual currency companies is heating up.
ABA-Supported Bill Would Delay Enforcement on TILA-RESPA Disclosures
Reps. Steve Pearce (R-N.M.) and Brad Sherman (D-Calif.) on Friday introduced H.R. 2213, which would provide lenders with a temporary...
CFPB Updates Exam Procedures for TILA-RESPA Integration
The Consumer Financial Protection Bureau today issued a set of revised examination procedures to provide guidance on how it will...
FinCEN: BSA Reporting Critical to Stopping Islamic State
The reports banks file under the Bank Secrecy Act are critical to cutting off the flow of funds to terrorists,...
Building on a Strong Foundation
Our goal is to build on the Center for Regulatory Compliance's existing strong foundation to ensure that compliance professionals remain...
Agencies Revise Exam Procedures for TILA-RESPA Integration
The banking agencies on Friday issued revised examination procedures and exam manual narratives for consumer compliance rules under the Truth...
