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FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers While fielding the daily news and guidance about COVID-related fraud and considerations, it may have been easy to miss FinCEN’s update regarding expectations for performing due …
FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers Julie J. Mixtacki
On June 24, 2020 the FFIEC announced the availability of 2019 HMDA Disclosures. At the same time, they shared an analysis of the aggregate data submitted, comparing 2018 data with 2019 data. This helps us …
How might HMDA Thresholds Affect Your Institution? On April 16, the CFPB announced its final rule on the thresholds for reporting closed-end and open-end loans for HMDA. The threshold for closed-end mortgage loans increased from …
Evelyn I. Dehmey How might HMDA Thresholds Affect Your Institution
Employment Red Flags In Loan Originations In February 2020 Fannie Mae posted information about a 2018 fraud alert related to entities in California identified as allegedly fictitious employers. You can visit https://singlefamily.fanniemae.com/media/6186/display to view the …
Employment Red Flags In Loan Originations Natalie Reifsneider
Are You Aware of NACHA’s New Registry Requirement? NACHA is implementing a new registry, the ACH Contact Registry, for all financial institutions involved in ACH operations. The purpose of the new registry is to allow …