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 ...
Last week the Consumer Financial Protection Bureau (“CFPB”) issued its Fall 2022 Rulemaking Agenda (“Fall Agenda”). The Fall Agenda is significantly longer than the Spring 2022 Rulemaking Agenda and includes ...
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 ...
On December 23, 2022, the Consumer Financial Protection Bureau (CFPB) issued its final rule regarding the 2023 annual adjustments for several provisions implementing the Truth in Lending Act (TILA) and ...
The Consumer Financial Protection Bureau (“CFPB”) recently published new versions of its “What You Should Know About Home Equity Lines of Credit” brochure. An updated booklet should be provided to ...
The Federal Reserve Board adopted a final rule implementing the Adjustable Interest Rate (LIBOR) Act. The U.K. Financial Conduct Authority announced it would phase out LIBOR with a sunset in ...
On December 12th the Consumer Financial Protection Bureau (“CFPB”) published a proposed rule titled “Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders.” The rule is directed ...