OCC releases bank supervision operating plan for 2020

By Dave Kovaleski | October 3, 2019 | Featured

The U.S. Office of the Comptroller of the Currency (OCC) released its bank supervision operating plan for fiscal year 2020 this week. The plan provides a foundation for policy initiatives and super...

SEC officials tout benefits of World Investment Week

By Douglas Clark | October 3, 2019 | Federal

Securities and Exchange Commission (SEC) officials said imploring individuals to invest early to save for the future, imparting information on choosing an investment professional and diversification w...

Treasury, FHFA modify preferred stock purchase agreements with Fannie Mae, Freddie Mac

By Dave Kovaleski | October 2, 2019 | Featured

Federal authorities are making modifications to the preferred stock purchase agreements (PSPAs) with Fannie Mae and Freddie Mac. Under the modifications made by the U.S. Treasury Department and the...

GAO offers recommendations on FinCEN efficacy of financial crime reporting

By Douglas Clark | October 2, 2019 | Federal

The Government Accountability Office (GAO) has issued four recommendations to the Financial Crimes Enforcement Network (FinCEN) within the Treasury Department as a means of enhancing reports focusing ...

Federal financial regulators adopt rule to increase threshold for appraisals

By Dave Kovaleski | October 1, 2019 | Featured

Federal financial regulators have adopted a rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000. The last time the appraisal ...

Legislation addresses money laundering, terrorist financing

By Douglas Clark | October 1, 2019 | Federal

Senate Banking Committee members recently introduced a bill designed to enhance corporate transparency while aiding law enforcement in addressing money laundering and terrorist financing. The Impro...