FinCEN issues human trafficking alert for banks
The alert provides trends, typologies and red-flag indicators for banks to identify and report suspicious transactions.
Browsing: Human trafficking
CFPB issues final rule on credit reporting protections for human trafficking survivors
The rule updates the Fair Credit Reporting Act’s implementing regulation to ensure it meets DBRA’s credit reporting requirements and that survivors’ credit information is reported fairly.
ABA weighs in on CFPB’s human trafficking, credit reporting proposal
ABA today wrote to the CFPB in response to a recent proposal to implement a section of the 2022 National Defense Authorization Act, which made changes to the Fair Credit Reporting Act prohibiting consumer reporting agencies from furnishing a consumer report containing any adverse item of information concerning a consumer that resulted from a severe form of trafficking in persons or sex trafficking. i
Treasury, State Report Highlights Bank Efforts to Stop Human Trafficking
The Treasury and State Departments today issued a report analyzing efforts to prevent human trafficking and highlighting the role that banks and other financial institutions play in these efforts.
ABA Launches Bank Training for Detecting Human Trafficking
Recognizing the crucial role banks can play in combating human trafficking and human smuggling, ABA yesterday launched a new online course on ways bankers can spot the signs of illicit financial activity associated with these crimes.
Human Trafficking: Closer to Home Than You Think
You could be encountering human trafficking in your backyard—no matter where you live or the size of your financial institution.