CFPB’s Fall 2018 Rulemaking Agenda
CFPB’s Fall 2018 Rulemaking Agenda The CFPB has been busy so far in 2018 and there is no slowing down as the year comes to an end. The following is a listing of items on the CFPB’s Fall 2018 agenda. …
Human Trafficking
Human trafficking occurs around the world on a daily basis. As a financial institution, you may be wondering how your institution can help those affected and ensure your customers are not victimized. There are two types of human trafficking within …
Privacy Fallout
Privacy Fallout Everyone’s been waiting a long time for the CFPB to make the FAST Act rule concerning annual privacy notices “official” by way of regulation. Well, that happened on August 17, 2108 but there are still a few caveats. …
Take a Proactive Approach to Cryptocurrency Due Diligence and Monitoring
Take a Proactive Approach to Cryptocurrency Due Diligence and Monitoring With so many regulatory updates on your financial institution’s plate for 2018 (still having flashbacks from the beneficial ownership roll-out?), you may have overlooked one emerging higher risk trend – …
Julie J. Mixtacki Take a Proactive Approach to Cryptocurrency Due Diligence and Monitoring
Pop Quiz – Shared Branching on New Currency Transaction Report
Pop Quiz – Shared Branching on New Currency Transaction Report You may have noticed a new option called “Shared Branching” on the updated Currency Transaction Report (CTR) form. “Shared Branching” could only mean one thing – the customer conducted transactions …
How does Pennsylvania’s New iLottery Affect Financial Institutions?
How does Pennsylvania’s New iLottery Affect Financial Institutions? On June 4 the Pennsylvania Lottery launched interactive games played online – computer, tablet or mobile devices – for chances to win up to $250,000. Players must first sign up for an …
Can I Stop Collecting Expanded HMDA Data?
Can I Stop Collecting Expanded HMDA Data? On July 5 the CFPB issued a press release announcing the partial exemption for institutions who originated fewer than 500 closed-end or 500 open-end lines of credit in the preceding two years. Since …
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155 Act 2155 – Economic Growth, Regulatory Relief and Consumer Protection Act passed on May 22, 2018 provided modification to the current Community Bank Leverage Ratio (CBLR). Below …
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155 Natalie Reifsneider
Mortgage Lending Rule Modifications from Passing of Act 2155
Mortgage Lending Rule Modifications from Passing of Act 2155 Act 2155, Economic Growth, Regulatory Relief and Consumer Protection Act, was passed by the United State House of Representative on May 22, 2018. This Act modifies provisions of the Dodd Frank …
Mortgage Lending Rule Modifications from Passing of Act 2155 Natalie Reifsneider
Passing of Act 2155 Creates Volcker Rule Exemption
Passing of Act 2155 Creates Volcker Rule Exemption Prior to the passing of Act 2155 – Economic Growth, Regulatory Relief and Consumer Protection Act on May 22, 2018 all banks were subject to prohibitions on propriety trading. Proprietary trading is …
Natalie Reifsneider Passing of Act 2155 Creates Volcker Rule Exemption