AML & Regulatory Compliance News

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