The Board of Governors of the Federal Reserve System (“Board”) adopted final amendments to Regulation A to reflect the Board’s approval of an increase in the rate for primary credit ...
The Board of Governors of the Federal Reserve System (“Board”) issued a policy statement interpreting section 9(13) of the Federal Reserve Act and set out a “rebuttable presumption that it ...
On January 18, 2023, the Financial Crimes Enforcement Network (FinCEN) issued an order prohibiting certain transmittals of funds by any covered financial institution involving Bitzlato Limited (Bitzlato), a convertible virtual ...
The Board of the California Privacy Protection Agency approved the California Privacy Rights Act (CPRA) regulations on Friday. The rulemaking package that was adopted and approved included a redline of ...
On February 1st the Consumer Financial Protection Bureau (“CFPB”) announced a proposed rule limiting the amount that could be charged for credit card late fees. Currently, a creditor could charge ...
The NCUA released its 2023 supervisory priorities and other updates to the agency's examination program. These priorities focus on areas that pose the highest risk to credit union members, the ...
The Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) on December 16, 2022, regarding beneficial ownership information (BOI) access and safeguard provisions of the Corporate Transparency ...
The joint statement addressing crypto-asset risks to banking organizations was issued by the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and ...
The New York Department of Financial Services (“NYDFS”) released guidance for banking organizations that wish to engage in virtual currency-related activities. In 2015, the NYDFS adopted 23 NYCRR Part 200, ...
The Consumer Financial Protection Bureau (CFPB) recently issued its final rule increasing the asset exemption threshold under the Home Mortgage Disclosure Act (HMDA) and a final rule increasing the asset ...