BSAAG – Regulatory Report

What's up

[ January 24, 2022 ] FDIC, Operation HOPE to collaborate on financial education FDIC
[ January 24, 2022 ] Some planned digital services updates still in the works, bureau reports CFPB
[ January 21, 2022 ] Harper nomination to full NCUA Board term, with bipartisan committee vote, headed to full Senate NCUA
[ January 21, 2022 ] Council releases exam information request ‘best practices,’ plan for common authentication for secure systems Other
[ January 21, 2022 ] Final deposit insurance rule combines revocable, irrevocable trusts for coverage, FDIC says FDIC

FinCEN invites nominations to BSA advisory panel

December 23, 2021 0

Nominations of financial institutions, trade groups, and non-federal regulators or law enforcement agencies to the Bank Secrecy Act Advisory Group (BSAAG) are sought by Treasury’s Financial Crimes Enforcement Network (FinCEN), according to a Federal Register […]

FinCEN taking nominations to BSA advisory panel

January 13, 2021 0

Nominations to membership on the panel that advises the Financial Crimes Enforcement Network (FinCEN) director on Bank Secrecy Act (BSA) reporting requirements will be taken until Jan. 28, the agency said in a recent notice. […]

Harper nomination to full NCUA Board term, with bipartisan committee vote, headed to full Senate

January 21, 2022 0

Todd Harper’s nomination to a full term on the National Credit Union Administration (NCUA) Board, one of only two nominations approved by the Senate Banking Committee Thursday that won better than a tie vote from the panel, now heads to [...]
Council releases exam information request ‘best practices,’ plan for common authentication for secure systems

January 21, 2022 0

Best practices for requesting examination information from banks, credit unions, and other federally supervised financial institutions, and a common authentication solution for secure access to the regulators’ supervision systems, were issued Friday by the umbrella group for the regulators. The [...]
Final deposit insurance rule combines revocable, irrevocable trusts for coverage, FDIC says

January 21, 2022 0

A final rule aimed at simplifying deposit insurance coverage for deposits held in connection with revocable and irrevocable trusts was approved Friday by the Federal Deposit Insurance Corp. (FDIC) Board, the agency announced. The rule, set to take effect April [...]
Credit union regulator to consider proposal on succession planning, hear briefings

January 21, 2022 0

The board of the federal credit union regulator will consider a proposed rule on succession planning at federal credit unions and a final rule on resetting civil monetary penalties (CMP), and will receive three briefings, when it meets Thursday (Jan. [...]