FICO

JANUARY 13, 2020

Some are saying this spring but in Washington, D.C., The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970. In addition, the Federal Reserve did not join the FDIC and OCC on the proposal.

Policies 52

Policies Las Vegas FDIC Washington 52

Jeff For Banks

JUNE 20, 2017

And let's not forget about the thousands of employees that work for regulatory bodies, compliance personnel in banks, and consultants that help them comply. According to the FDIC , disparate impact occurs when a policy or practice applied equally to all applicants has a disproportionate adverse impact on applicants in a protected group.

Data 60

Data FDIC Regulation Washington 60

Abrigo

SEPTEMBER 22, 2015

Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job." The hope for many in the industry is that this call report plan is the first step toward changing regulations to make some more community bank-friendly.

Community Bank 150

Community Bank Community FDIC Survey 150

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., When federal banking agencies recently revised their Q&As for CRA compliance , their focus on the use of alternative data caught my eye.

Lending 74

Lending Data Community FDIC 74

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I just accepted a position on the Consumer Advisory Board of the CFPB. I have a lot to learn! So what do you think I should focus on?

Innovation 58

Innovation DC FDIC Strategy 58

Jeff For Banks

DECEMBER 16, 2022

and Puerto Rico banking laws and regulations. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system. five-year total return and #2 on the JFB Top 5! Well done! #3 Virgin Islands.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. According to Peterson, the FIs that agree to service these firms are typically state-level banks that are not FDIC-insured. They need to run compliance.

Regulation 101

Regulation Taxes Compliance United States 101

American Banker

MARCH 24, 2016

WASHINGTON – Four Democratic senators sent a letter on Thursday to federal financial regulators asking for clear guidance on how banks can serve the marijuana industry.

Regulation 28

Regulation Washington Industry FDIC 28

PYMNTS

FEBRUARY 14, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations. Ed Perlmutter and Washington Rep. Two of the speakers at the hearing — Colorado Rep. It’s a regulatory quagmire,” Deckard said.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. Two of the speakers at the hearing — Colorado Ed Perlmutter and Washington state Rep. It’s a regulatory quagmire,” Deckard said.

Oregon 115

Oregon Colorado Operations Washington 115

FICO

DECEMBER 19, 2018

Since the November elections, much of the talk here in Washington, D.C. I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment. Bank Secrecy Act/anti-money laundering (BSA/AML) regulatory reforms are top of mind for regulators and legislators.

Policies 40

Policies District of Columbia Regulation California 40

FICO

JANUARY 9, 2017

Last fall, I suspect that most regulatory compliance professionals in the U.S. This meant a continued focus on implementation of recently adopted rules, while bracing for a wave of new regulations from the federal banking agencies. A little-known law will have big impact on regulation. Everything changed on November 8.

Regulation 40

Regulation Lending New York Leadership 40