Today, the Federal Deposit Insurance Corporation (“FDIC”) announced the members for the new Advisory Committee of State Regulators (“ACSR”). In November of 2019, the FDIC Board approved the establishment of ...
Current user of Compliance Systems’ Tax Favored Plan Account documents, we would like to provide you with information regarding changes made to Individual Retirement Accounts (IRAs) by the Setting Every ...
The Bureau of Consumer Financial Protection (Bureau) published a policy statement seeking to elaborate on the "abusiveness standard" as used in the Dodd-Frank Act's prohibition of abusive acts or practices ...
The Bureau of Consumer Financial Protection (Bureau) published a policy statement on new compliance resources known as “Compliance Aids (“Aids”).” These “Aids” illustrate requirements for existing rules and statutes in ...
NACHA released a supplement to the 2020 Operating Rules that created the ACH Contact Registry Rule − a comprehensive ACH contact registry. Under this rule, all ACH financial institutions will ...
On January 7, 2020, the National Credit Union Administration (NCUA) released its supervisory priorities for 2020, which are highlighted below: Bank Secrecy Act Compliance/Anti-Money Laundering- its focus includes the customer ...
The Department of Treasury, Bureau of Fiscal Service (Fiscal Service) is proposing to amend Title 31 CFR Part 210, which governs the ACH Network by Federal agencies, by incorporating the ...
On December 16, 2019, Congress incorporated the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which passed the House earlier this year, into a bipartisan appropriations bill that ...
CCPA Amendments The California Governor has signed the five amendments to the California Consumer Privacy Act ("CCPA") that are applicable to financial institutions. A summary of the amendments can be ...
The Secure And Fair Enforcement Banking Act of 2019 (SAFE Banking Act) has passed the House and proceeds to the Senate. The SAFE Banking Act intends to increase public safety ...