The Federal Financial Institutions Examination Council (FFIEC) issued last week new examination procedures on the final rule by the Financial Crimes Enforcement Network (FinCEN) on “Customer Due Dil...
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A trio of organizations recently weighed in on the Bureau of Consumer Financial Protection’s (CFB) request for information on the efficiency of the Bureau’s enforcement of federal consumer financi...
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The U.S. Government Accountability Office (GAO) issued a report this week that provides a detailed analysis of financial technology (fintech) products, examining both the benefits and challenges. ...
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Federal Housing Finance Agency (FHFA) officials said the agency is making an effort to bolster mortgage access for limited English proficiency (LEP) borrowers. The FHFA, with Fannie Mae and Freddie...
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The National Association of Federally-Insured Credit Unions (NAFCU) hit back at an association that represents banks after coming under fire for credit unions tax-exempt status. Last week, NAFCU Vi...
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The National Venture Capital Association (NVCA) is seeking Department of Homeland Security’s (DHS) compliance regarding the implementation of an entrepreneurial court order. The NVCA joined entre...
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The Credit Union National Association (CUNA) voiced its opposition Wednesday to proposed cuts by the Trump Administration to a program that finances affordable housing. The Trump Administration pro...
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The Independent Community Bankers of America (ICBA) are imploring lawmakers to pass a banking regulatory relief bill, as a means of strengthening economic growth and job creation. ICBA officials re...
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The Independent Community Bankers of America (ICBA) commended the U.S. House of Representatives for advancing a bill it says will strengthen the 7(a) loan program of the Small Business Administration ...
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The House of Representatives has repealed the Consumer Financial Protection Bureau’s (CFPB's) 2013 guidelines regarding indirect auto lending, using the Congressional Review Act (CRA). The Senat...
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The Consumer Bankers Association (CBA) and Financial Services Roundtable (FSR) stressed to the Consumer Financial Protection Bureau (CFPB) the importance of expeditious resolution on administrative ad...
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The Independent Community Bankers of America (ICBA) is lending support to a measure designed to provide regulatory relief by strengthening economic growth, job creation, and consumer protection. To...
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The North American Securities Administrators Association (NASAA) released a report this week on the state-registered investment adviser population and their regulatory activities. The first annual ...
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A group of senators recently began imploring financial institutions to take a stand against gun violence and establish new guidelines for clients to improve public safety and save lives. Sens. Rich...
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U.S. Rep. Nita Lowey (D-NY) introduced legislation last week to protect small-business owners’ credit cards from unfair and deceptive practices of credit card companies. The Small Business Credit...
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The IFAC (International Federation of Accountants) and Business at the Organization for Economic Cooperation and Development (OECD) recently released survey results determining regulatory divergence c...
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Reps. Steve Chabot (R-OH) and Nydia Velázquez (D-NY) urged the heads of federal agencies to adhere to federal law requiring them to publish a compliance guide for every rule that impacts small busine...
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The Securities and Exchange Commission (SEC) announced Wednesday the launch of an additional tool designed to protect investors. The SEC Action Lookup for Individuals (SALI) would help identify re...
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Sens. Jim Risch (R-ID) and Ben Cardin (D-MD) recently encouraged the Small Business Administration (SBA) to take steps to improve the content and delivery of cybersecurity assistance for small busines...
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The Securities and Exchange Commission (SEC) has leveled fraud charges against a Mississippi company and its principal for allegedly bilking investors in an $85 million Ponzi scheme. Arthur Lamar...
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