Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Treasury’s Community Development Financial Institutions (CDFI) Fund will pause its acceptance of new CDFI certification applications from Aug. 1 through Oct. 31 so it can switch to a new platform. Acceptance of new applications will […]
A bill that would, among other things, provide financial institutions an 18-month safe harbor for good faith compliance with the recent Financial Crimes Enforcement Network (FinCEN) customer due diligence (CDD) rule was pulled from the […]
Treasury’s financial crimes unit on Tuesday issued an advisory to warn U.S. financial institutions about the connection between corrupt senior foreign political figures and their enabling of human rights abuses, how they seek to use […]
A $15 billion spending-cuts bill that takes funds from two Treasury Community Development Financial Institution (CDFI) Fund programs was approved by the House late Thursday on a close vote of 210-206, with 19 Republicans among […]
The House Financial Services Committee on Thursday marked up a bill to give financial institutions a safe harbor for maintaining certain, suspicious accounts; and another largely removing the Federal Insurance Office’s (FIO) current focus on […]
A House Financial Services Committee mark-up begins June 7 on seven bills covering a wide range of federal financial industry regulatory concerns. The mark-up, scheduled for 11 a.m. ET, could continue beyond June 7. Bills […]
State requests for more time to establish an appraisal management company (AMC) program are slated for action during a June 8 open, special meeting of the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee (ASC). […]
Effective dates for provisions in the newly enacted “Economic Growth, Regulatory Relief and Consumer Protection Act” (S.2155, signed into law by President Donald Trump last week, May 24) are varied and wide ranging, a review […]
A financial institutions “regulatory relief” bill that exempts more banks from proprietary trading restrictions, waives certain mortgage lending rules and eases some banks’ stress-test and capital requirements was signed into law by President Donald Trump Thursday […]
A Senate-passed “regulatory relief” package that would exempt more banks from the Volcker rule, ease certain mortgage rules and more is slated for action in the House next week. The House Rules Committee meets Monday […]
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