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AML & Regulatory Compliance News
Regulatory compliance news, ideas, education and updates for financial institutions
Banks and nonbanks alike are challenged with understanding the multitude of new and changing compliance regulations. Below, you’ll see a snapshot of articles from AML & Regulatory Compliance News, our bi-monthly newsletter to help institutions and entities like yours understand what you need to pay attention to in the world of compliance. For updates on what’s new with the Consumer Financial Protection Bureau (CFPB), the multitude of compliance updates resulting from Dodd-Frank and more, subscribe to AML & Regulatory Compliance News.
January/February 2019
Fair Lending Report issued under acting Director Mick Mulvaney
FDIC releases new version of Money Smart for Older Adults
ABA reopens public comment on Federal Reserve Reg CC
3 reasons to consider BSA/AML resource sharing
November/December 2018
All we want for the holidays…is clarity on disparate impact claims
Bureau of Consumer Financial Protection releases FIG for 2019 HMDA
Regulators encourage collaboration of BSA resources
NY Court of Appeals finds merchants may impose credit card surcharge
September/October 2018
Designing a BSA/AML framework for virtual currencies
Time to check in on your third-party service provider compliance risk
NCUA approach in reviewing CDD and beneficial ownership
Clarification around force-placed flood insurance compliance
July/August 2018
OCC issues bulletin clarifying Community Reinvestment Act
Promoting economic growth and enhanced consumer protection
FINRA relies on disclosure of digital asset to understand involvement
Strong compliance management can address correspondent bank risks
Understanding the Cybersecurity Threat
May/June 2018
A beautiful model
FinCEN issues FAQs on customer due diligence rule
Regulation C: HMDA struggles and efficiencies
The fiduciary rule: A new opportunity awaits
Technology disruption and financial services companies
March/April 2018
Beneficial ownership… ready or not, here it comes
U.S. Senate Committee hearings focus on anti-money laundering and BSA
Multistate licensing agreement for money service businesses
FTC releases paper on financial issues of military consumers
CFPB releases new HMDA reporting tool
Courts rule in favor of CFPB’s structure, against RESPA interpretation
CFPB reorganizes and asks for supervision input
Bankers, ABA staff meet with OCC on CRA modernization
OCC report discusses key risks for federal banking system
2018 Priorities for SEC's OCIE
New mobile banking bill
Key risks for federal banking systems
January/February 2018
New year brings significant changes to HMDA guidelines
CFPB approves revised Uniform Residential Loan Application
CFPB guidance on indirect auto lending subject to Congressional review
CFPB updates TRID Guide
CFPB Regulation Z thresholds effective Jan. 1, 2018
Congress blocks CFPB Arbitration Agreement Rule
Potential financial stability issues from cryptocurrency usage
Public comment for policy changes affecting daylight overdrafts
Further guidance possible for FinCEN’s beneficial ownership rule
FinCEN updates frequently asked BSA questions
House passes privacy notification legislation
Fall 2017
FINCEN issues advisory on widespread political corruption in Venezuela
CFPB pushes to protect consumers from debt collection practices
ABA commends reform effort ahead of CHOICE Act vote
CFPB issues additional HMDA guidance
CFPB gives policy guidance on servicing rule amendments
CFPB publishes TRID amendments and proposal
RSM's AML Survey identifies 7 AML trends in banks
Summer 2017
Portion of the Fiduciary Rule went into effect on June 9, 2017
Interagency advisory issued on appraiser availability
CFPB seeking comment on Ability to Repay/Qualified Mortgage rule
Small issuer exemption list for debit card issuers
FATF summary of the 2017 FinTech and RegTech Forum
Regulation CC – final and proposed amendments
FinCEN updates the Currency Transaction Report
OCC updates policies regarding violations of laws and regulations
Spring 2017
Consumer Compliance Outlook–special fintech edition
OCC examination procedures address risk of third-party relationships
OCC’s Semiannual Risk Perspective indicates slight change in risks
Prepaid rule guidance and delay of effective date
Winter 2017
New Uniform Interagency Consumer Compliance Rating System
Rules for 18-month exam cycle finalized
Increased focus on SCRA enforcement
FinCEN issues advisory and FAQs related to cyber-events
Expanded access to NCUA consumer complaint portal
Changes to HMDA data submission begin in 2017
Fall 2016
FDIC updates brokered deposit FAQs
Redesigned uniform residential loan application
Revised interagency CRA questions and answers
FDIC issues reminder on FDIC examination findings
OCC releases its Semiannual Risk Perspective report
CFPB publishes loss mitigation principles
Revised Department of Labor posters
Summer 2016
Agencies issue guidance relating to deposit reconciliation
CFPB focuses on mortgage servicing and updates exam procedures
Maximum CMP penalties increase
CFPB releases its spring rulemaking agenda
Spring 2016
New customer due diligence requirements
Eligibility for 18-month exam cycle expanded
The ups and downs of balloon payment QMs
Revised OCC policy for CMPs
CFPB adopts application process for designating rural areas
CFPB No-Action Letter policy
Winter 2016
More 2016 threshold and fee adjustments
CFPB issues final rule to expand HMDA data collection and reporting
CFPB semiannual regulatory agenda provides a hint of what may come
Additional privacy notice relief from an unusual source
CFPB reminder on RESPA section 8 and marketing services agreements
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Contact
Rob Farling
National Leader, AML & Regulatory Compliance
212.372.1421
rob.farling@rsmus.com