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FOS Blog

These blog articles will be straight from FOS professionals and will discuss any current hot issues and their views on them. These articles cover a wide variety of topics impacting our clients and friends.

13 Nov
2020
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FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers

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 diligence for hemp-related business customers.  …

FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers Julie J. Mixtacki

03 Nov
2020
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WHAT DOES 2019 HMDA DATA SHOW?

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 to understand how financial institutions …

Evelyn I. Dehmey

30 Jul
2020
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DISTINGUISHING “ABUSIVE” PRACTICES

DISTINGUISHING “ABUSIVE” PRACTICES Many leading articles on the subject of the CFPB’s release of its position on “abusive” acts or practices proclaim that the CFPB has defined “abusive.”  This is simply not true.  The Dodd Frank Act already defined “abusive” …

Evelyn I. Dehmey