Changes likely on the way in the new year for AML include better tech tools, overhauling old systems and building better data infrastructures.
The Consumer Financial Protection Bureau today finalized the second part of its debt collection rule, which covers disclosures that debt collectors must provide to consumers pursuant to the Fair Debt Collection Practices Act.
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the OCC has issued a proposal that would allow the agency to issue exemptions from Suspicious Activity Report requirements.
In light of the challenges throughout 2020, a high compliance priority will be ensuring that your interactions with your borrowers are above reproach.
Regulators are currently “in the process of reviewing another update” to the BSA/AML examination manual, Lisa Arquette, associate director of the FDIC’s division of risk management told attendees at the ABA/ABA Financial Crimes Enforcement Conference today.
Compliance teams want powerful, compelling and even award-winning advertising because when you have that, everyone benefits.
The Consumer Financial Protection Bureau today released a set of frequently asked questions that provide an overview of the provisions included in Section 8 of the Real Estate Settlement Procedures Act and the respective anti-referral fee sections in Regulation X.
The Consumer Financial Protection Bureau today issued a policy statement outlining how institutions may apply for early termination of a consent order and how the CFPB will evaluate early termination applications.
In a comment letter to the CFPB today, ABA supported a recent proposal to create a new category of “seasoned” qualified mortgages.
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau concluded in its five-year lookback assessment of the 2015 rule.