A California-based, online debt settlement company would pay $646,000 in redress to consumers and a $750,000 civil money penalty related to allegations the firm violated the Consumer Financial Protection Act and the Telemarketing Sales Rule […]
An Innovation Hours Program slated June 10 by the Financial Crimes Enforcement Network (FinCEN) will allow participating firms that are founded, owned, or managed by underserved groups to present their innovative products, services, and approaches designed […]
Title: Federal Reserve Bank Capital Stock Subject: Reserve Bank capital stock subscription adjustments Agency: Federal Reserve Status: Final rule Summary: The Board of Governors (Board) is publishing a final rule that amends Regulation I to […]
Samuel Schumach was named Monday to the post of deputy director for external affairs and communications at the National Credit Union Administration (NCUA). Appointed to that post by agency board Chairman Todd Harper, Schumach previously […]
Title: Request for Information and Comment: Extent to Which Model Risk Management Principles Support Compliance with Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control Requirements Subject: BSA/AML, OFAC compliance Agency: FDIC, Federal Reserve, […]
Feedback on how much the principles in the 2017 interagency “Supervisory Guidance on Model Risk Management” support compliance by banks and credit unions with Bank Secrecy Act/anti-money laundering (BSA/AML) and Office of Foreign Assets Control […]
Picking up where it left off last April, the Federal Deposit Insurance Corp. (FDIC) is again seeking input from the public on how the agency might revise and clarify its official sign and advertising rules […]
Issues for minority depository institutions and their communities – including discussion of collaboration “best practices” and, in closed session, of Treasury’s Emergency Capital Investment Program (ECIP) – is slated April 12 by a Federal Deposit […]
A prohibition of a former bank loan officer and civil money penalty against a bank over flood insurance violations were announced Thursday by the Federal Reserve Board. In an April 6 consent order, the Fed […]
Two debt collection rules currently slated to take effect this Nov. 30 would instead have a delayed compliance deadline of Jan. 29, 2022, under a proposal issued Wednesday to give those affected more implementation time […]
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