A Government Accountability Office official reiterated in a House subcommittee hearing Tuesday his office’s recommendation that regulators undergo a retrospective review of Bank Secrecy Act (BSA) rules and that Treasury assess shifts in remittance flows […]
The House Monday and Tuesday passed two bills that would (1) provide a safe harbor for keeping suspicious accounts open at the behest of law enforcement and (2) create a criminal penalty for releasing certain […]
Questions about the new credit losses accounting standard, which introduces the current expected credit losses (CECL) methodology that have been brought up by bankers will be addressed in a July 30 webinar sponsored by the […]
The federal regulator of credit unions has about $2 million in grant money available for “low-income” credit unions through its revolving loan fund. The application period opens July 1 and closes Aug. 18. Before applying, […]
Two former bank employees – one charged with embezzlement at a Massachusetts bank, another charged with misappropriating at least $562,000 from a Tennessee institution – have been prohibited from future involvement in financial institutions, the […]
The ninth “request for information” (RFI) by the federal consumer financial protection agency generated only 38 comments, as of midnight Monday, the second-fewest produced in one request so far in the program by the agency […]
A hearing previously scheduled for June 27, addressing a fintech protection bill and other measures, has been postponed “to a date and time to be announced later,” the House Financial Services Committee said late Monday. […]
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