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New policy supports anti-money laundering, fights terrorism financing

FinCEN issues eight government priorities, including cybercrime and trafficking, to support anti-money laundering and antiterrorism efforts.

New third-party relationship guidance for banks

The Federal Reserve, FDIC and OCC release joint guidance for banks on third-party relationship risk management. What you need to know now.

NY DFS announced enforcement of auto lenders fair lending violations

DFS highlights a continued emphasis on auto lenders’ need to control for fair lending risk across indirect auto lending arrangements.

Impact of Juneteenth holiday for closed-end mortgage requirements

The CFPB released a ruling surrounding closed-end mortgage requirements' timeliness regarding the newly enacted Juneteenth federal holiday.

Consumer Compliance Supervisory Highlights for March 2021

Per the CCSH publication by the FDIC, 99% of all FDIC-supervised institutions were rated satisfactory or better for consumer compliance.

Geographic Targeting Orders reissued for 12 metropolitan areas

The Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs).

Interagency statement on model risk management for bank systems

The recent supervisory guidance on the model risk management for bank systems supporting BSA/AML compliance and key points of consideration.

Sun setting of LIBOR and the heartburn it’s causing

Obstacles faced by credit unions in transitioning non-LIBOR indexes while the CFPB is still in the process of implementing new rules.