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Home » Archives for June 2017 » Page 5

House to vote on Financial CHOICE Act, Dodd-Frank alternative next week

By Financial Regulation News Reports  |   June 5, 2017   |   Federal

The U.S. House of Representatives will vote next week on the Financial CHOICE ACT, which is the Republicans alternative to Dodd-Frank. The Financial CHOICE Act (H.R. 10), sponsored by Rep. Jeb Hens...

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Credit Union National Association makes recommendations to CFPB to provide regulatory relief for credit unions

By Financial Regulation News Reports  |   June 5, 2017   |   Federal

The Credit Union National Association (CUNA) made recommendations last week to the Consumer Financial Protection Bureau (CFPB) on how it can provide regulatory relief for credit union. In a letter ...

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Federal Reserve announces release dates of stress tests, CCAR results

By Financial Regulation News Reports  |   June 5, 2017   |   Industry

The Federal Reserve Board announced last week that it will release the results from the latest supervisory stress tests on June 22 and the Comprehensive Capital Analysis and Review (CCAR) on June 28. ...

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Public Company Accounting Oversight Board adopts new critical audit matters standard

By Financial Regulation News Reports  |   June 5, 2017   |   Federal

The Public Company Accounting Oversight Board (PCAOB) adopted a new auditing standard last week requiring auditors to include a discussion of the critical audit matters (CAMs) in their reports to inve...

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Property Casualty Insurers Association hires financial services, tax experts

By Financial Regulation News Reports  |   June 5, 2017   |   Industry

The Property Casualty Insurers Association of America (PCI) made several new hires last week as the association looks to bolster its advocacy efforts. PCI hired advocacy experts Mona Dooley and Kyl...

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Keybank acquires HelloWallet personal finance platform from Morningstar

By Financial Regulation News Reports  |   June 5, 2017   |   Featured

KeyBank recently acquired the personal finance software platform HelloWallet from Morningstar, Inc. for an undisclosed amount, accelerating the companies’ commitments to “financial wellness.” ...

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Federal regulators offer guidance to help banks facilitate loan applications

By Financial Regulation News Reports  |   June 2, 2017   |   Federal

Financial institution regulatory agencies recently issued an advisory that highlights two options to help insured depository institutions and banks facilitate the timely consideration of loan applicat...

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Certified Financial Planner Board makes FINRA online courses eligible for CE credits

By Financial Regulation News Reports  |   June 2, 2017   |   Federal

The Certified Financial Planner (CFP) Board of Standards has authorized Financial Industry Regulatory Authority (FINRA) e-learning courses as eligible for continuing education credits. Effective im...

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Federal Reserve fines Deutsche Bank $41 million for unsafe anti-money laundering practices

By Financial Regulation News Reports  |   June 2, 2017   |   Featured

The Federal Reserve Board (Fed) fined Deutsche Bank $41 million for what it called “unsafe and unsound” anti-money laundering practices. The Fed identified failures by Deutsche Bank's U.S. bank...

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U.S. Bank teams up with ChargePoint to offer fleet card for electric vehicles

By Financial Regulation News Reports  |   June 2, 2017   |   Industry

U.S. Bank recently announced that it is teaming up with ChargePoint, an electric vehicle (EV) charging provider, to offer its Voyager Network Fleet Card acceptance at thousands of ChargePoint charging...

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Insurance, financial advisors association launches new certification program for life insurance and annuity professionals

By Financial Regulation News Reports  |   June 1, 2017   |   Federal

The National Association of Insurance and Financial Advisors (NAIFA) has launched a new international certification for life and annuity professionals called the Life and Annuity Certified Professiona...

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Independent Community Bankers of America supports Community Bank Relief Act

By Financial Regulation News Reports  |   June 1, 2017   |   Featured

The Independent Community Bankers of America (ICBA) recently expressed its support for the Community Bank Relief Act sponsored by Sens. Orrin Hatch (R-UT), Angus King (I-ME) and Bill Nelson (D-FL), wh...

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NAFCU meets with Consumer Financial Protection Bureau to discuss data collection requirements

By Financial Regulation News Reports  |   June 1, 2017   |   Federal

Representatives from the National Association of Federally-Insured Credit Unions (NAFCU) met with Consumer Financial Protection Bureau (CFPB) staff this week to discuss potential impact of a Dodd-Fran...

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Western Union offers “click & pay” money transfer service in France

By Financial Regulation News Reports  |   June 1, 2017   |   Industry

Western Union and Franprix, a convenience store chain based in Paris with locations throughout France, collaborated on a new “click & pay” service that allows consumers to transfer money from ...

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Cannabis Banking

  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
  • PGI Global founder charged in crypto fraud scheme
  • SEC Crypto Task Force to hold crypto custody roundtable

Most Read Last 7 Days

  • Lawmakers urge reconsideration of Capital One-Discover merger
  • CFPB says it will not prioritize buy now, pay later enforcement
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Credit Suisse hit with $510M fine for IRS violations
  • Forward Air board under fire from activist investor Ancora
  • Huntington National Bank opens first branch in the Carolinas
  • Tariffs have begun harming small businesses, according to Senate committee report
  • Stephen Luparello named chairman of OCC
  • Legislation would promote competition in mobile app marketplace

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