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What's up
  • [ September 8, 2026 ] Cannabis businesses still having trouble obtaining banking services, report finds Other
  • [ September 4, 2026 ] Targeting order for currency transaction reporting by MSBs along Southwest Border renewed Other
  • [ September 4, 2026 ] FinCEN issues alert, seeks FI vigilance against digital asset investment scams Other
  • [ September 4, 2026 ] Economic activity rose in August, but ‘heightened uncertainty’ linked to energy prices, Iran war persists The Fed
  • [ September 3, 2026 ] Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’ FDIC
HomeTILA/RESPA

TILA/RESPA

CFPB

Interpretive rule attempts to clarify impact of new (and sudden) Juneteenth holiday on mortgage rule requirements

August 5, 2021 0

Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures […]

FDIC

TILA consumer compliance violations topped the list in 2020, report finds

March 31, 2021 0

Violations of truth in lending rules were at the top of the top five violations of consumer protection laws in 2020 among banks, the federal insurer of bank deposits said Wednesday in releasing its annual […]

FDIC

Reg burden, CECL standard, ‘know before you owe’ rules top three reg complaints received by FDIC ombudsman last year

September 23, 2019 0

The “regulatory burden,” new accounting standards for expected credit losses, and issues related to “know before you owe” mortgage disclosures were the top 2018 complaints – or “constructive feedback” – received by the ombudsman for the federal […]

CFPB

‘Semi-annual report’ sketches out proposed, final rules upcoming from consumer bureau

November 13, 2018 0

At least five proposed rules and three final regulations will be issued by the federal consumer financial protection agency in the coming months, according to a report posted publicly late last week. According to the […]

CFPB

Mortgage disclosure ‘black hole’ fix effective June 1

May 10, 2018 0

A final rule removing a timing restriction for mortgage closing disclosures – referred to within the industry as a TILA/RESPA “black hole” – that could prevent a lender from charging otherwise valid closing cost increases is set […]

Federal financial regulatory legislation

House next stop for Senate-passed roll-back of some Dodd-Frank reforms; Trump indicates interest in House view

March 15, 2018 0

A bill rolling back several provisions of the 2010 Dodd-Frank financial reform law passed the Senate Wednesday evening on a vote of 67-31 and is headed to the House, where it could be revised further […]

Today

  • New FAQs focus on permissible use of state-issued mobile drivers’ licenses for customer ID verification

    September 8, 2026 0
    Financial institutions may use state-issued mobile driver’s licenses (mDLs) and other government-issued digital credentials for ID verification under the Bank Secrecy Act (BSA)/anti-money laundering (AML) customer ID program (CIP) rule, federal regulators said Tuesday. Treasury’s Financial Crimes Enforcement Network (FinCEN) [...]
  • Cannabis businesses still having trouble obtaining banking services, report finds

    September 8, 2026 0
    Banks still hesitate to provide services to cannabis businesses due to legal issues and costs, according to a report issued Tuesday by the congressional watchdog. And, according to the Government Accountability Office (GAO), although more banks have started serving the [...]
  • Targeting order for currency transaction reporting by MSBs along Southwest Border renewed

    September 4, 2026 0
    A geographic targeting order (GTO) requiring money services businesses (MSBs) along the Southwest Border to file additional currency transaction reports (CTRs) was renewed and accompanied by updates to frequently asked questions. The order, issued by Treasury’s Financial Crimes Enforcement Network [...]
  • 2 banks rated ‘needs to improve,’ 2 ‘outstanding’ in FDIC’s latest CRA ratings list

    September 4, 2026 0
    Of the 37 banks that received evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in June, two were rated “needs to improve” and two were deemed “outstanding,” their federal regulator said. The Federal Deposit Insurance Corp. (FDIC) list shows [...]
  • FinCEN issues alert, seeks FI vigilance against digital asset investment scams

    September 4, 2026 0
    Financial institutions are urged to be vigilant against digital asset investment scams perpetrated by overseas scam centers in a recent alert from Treasury’s financial crimes enforcement arm. The Financial Crimes Enforcement Network (FinCEN), in a release Thursday, pointed to a [...]
  • Economic activity rose in August, but ‘heightened uncertainty’ linked to energy prices, Iran war persists

    September 4, 2026 0
    Economic activity increased, slightly to moderately, in 10 to 12 Federal Reserve districts since early July through August, the agency said Wednesday in its latest semi-monthly report on economic conditions. However, the Beige Book also noted, although the general economic [...]

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