FDIC Issues Proposal to Allow Exemptions from SAR Requirements
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the FDIC today issued a proposal that...
Compliance and Risk
FDIC Finalizes Changes to Brokered Deposit Rules
The FDIC today finalized long-awaited changes to modernize its existing brokered deposit rules and foster greater innovation by financial institutions.
ABA Offers Feedback to CFPB Ahead of 1071 Rulemaking
In a comment letter to the Consumer Financial Protection Bureau today, the American Bankers Association offered feedback on a recent...
Agencies Release 2019 CRA Data on Small Biz, Community Development Lending
The federal banking agencies today released 2019 Community Reinvestment Act data on small business, small farm and community development lending.
Senate Approves Defense Bill That Includes Critical BSA/AML Changes
By a bipartisan vote of 84 to 13, the Senate this afternoon passed the National Defense Authorization Act for fiscal...
Top Regulators Discuss Potential Improvements to Bank Supervision
In remarks at an industry event today, Federal Reserve Vice Chairman for Supervision Randal Quarles discussed possible ways to improve...
FinCEN Releases Guidance on Financial Crime Information Sharing Program
The Financial Crimes Enforcement Network released new guidance on the Patriot Act Section 314(b) information sharing program, FinCEN Director Kenneth...
CFPB Finalizes Changes to QM Standard, Creates ‘Seasoned QM’ Category
The Consumer Financial Protection Bureau today wrapped up its efforts to revise the Qualified Mortgage standard by issuing final rules...
Regulators Planning Future Updates to BSA/AML Examination Manual
Regulators are currently “in the process of reviewing another update” to the BSA/AML examination manual, Lisa Arquette, associate director of...
Six Big Myths (and Truths) About Compliant Loan Advertising
Compliance teams want powerful, compelling and even award-winning advertising because when you have that, everyone benefits.
