The Managed Funds Association (MFA), an organization representing the global alternative asset management industry, recently sent a letter to the House Financial Services Committee, urging policymaker...
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The Consumer Financial Protection Bureau announced it would stop publicizing unverified complaint narratives and visualizations. The CFPB said publication of unverified narratives and associated d...
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U.S. Sen. Elizabeth Warren (D-MA) has expressed concerns to federal financial regulators about Opportunity Financial’s application to acquire BNC National Bank and become a newly formed bank holding...
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The Securities and Exchange Commission (SEC) recently pressed charges against a New York resident and three entities he owned and controlled with fraud and other violations in connection with unregist...
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According to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), financial institutions flagged nearly $5 billion linked to suspected human smuggling. FinCEN sai...
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The U.S. Federal Housing Finance Agency (FHFA) is looking to amend its regulation that governs its Suspended Counterparty Program (SCP). Specifically, the amendment would remove the term “reputat...
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Financial agencies in 47 states and Washington D.C. have reached a $15.5 million settlement with one of the nation’s largest mortgage servicers, according to the Conference of State Bank Supervisors...
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The Office of the Comptroller of the Currency is focused on growing the number of new bank charters to build a diverse banking system. Over the past 15 years, new bank charters have declined signif...
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The Financial Crimes Enforcement Network (FinCEN) issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN....
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U.S. Sens. Jerry Moran (R-KS) and Bill Hagerty (R-TN) introduced legislation in the Senate that will help create a fair appeals process for banks and increase transparency for the bank examination pro...
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