Amanda Tuckey

Environmental crime subject to BSA, agency writes

(Nov. 24, 2021) Known or suspected environmental crime is an important part of a financial institution’s compliance with the Bank Secrecy Act (BSA), according to a notice issued late last...

Bureau starts voluntary assessment of HMDA

(Nov. 24, 2021) Covering everything from the 2015 rule through last year’s revisions, a voluntary assessment of the CFPB’s Home Mortgage Disclosure Act (HMDA) rule is underway, according to the...

Rule finalized requiring notification of cyber incidents

(Nov. 24, 2021) A final rule requiring banks to notify their federal regulators of certain cyber incidents with potentially systemic effects was approved jointly late last week; it takes effect...

BRIEFLY: Fair lending, consumer compliance webinar set; NASCUS 101 on tap for Dec. 9; Bank agencies ‘clarify’ crypto-asset use in summaries; Happy Thanksgiving!

(Nov. 24, 2021) Fair lending and consumer compliance are on the agenda for a Dec. 1 webinar hosted by NCUA, the agency said this week. Registration for the 3 p.m....

NCUA proposes another increase in OTR to partially fund 2022 operations

(Nov. 19, 2021) A $345.3 million 2022 proposed budget, funded partially from an increased amount of funds transferred from the federal credit union savings insurance program, was posted this week...

Spending plan includes 48 new positions

(Nov. 19, 2021) One of the key expenses proposed in the agency’s 2022 operating budget is the addition of 48 full-time equivalency (FTE) positions, according to NCUA budget documents released...

NCUA finalizes FCU ‘shared facility’ rule – with changes

(Nov. 19, 2021) Shared locations are service facilities for purposes of multiple common bond federal credit unions (FCUs) adding underserved areas to their membership bases, as are those with electronic...

Mortgage servicer ‘flexibility’ ceased

(Nov. 19, 2021) A flexible approach is ended for supervision and enforcement of certain mortgage servicing timing requirements initiated in spring, 2020, NCUA, federal and state banking and credit union...

CFPB reminds: mortgage disclosure data reporting adjusts

(Nov. 19, 2021) The threshold adjusts to 200 open-end lines of credit for reporting mortgage disclosure data at the start of the new year, CFPB reminded late last week. In...

SAFE Banking Act hits snag in Senate

(Nov. 19, 2021) A new hurdle emerged in the Senate this week to legislation that would provide clarity to financial institutions seeking to serve legitimate cannabis businesses: disagreement about whether...

Report sees monetary policy, inflation, cyberattacks as risk drivers

(Nov. 19, 2021) Monetary policy, inflation, and cyberattacks could heighten risk to the financial system, according to the annual report issued this week by the Treasury office tasked with conducting...

NASCUS 101 coming up Dec. 9

(Nov. 19, 2021) Just a reminder that Dec. 9 (at 2 p.m. ET) is the next NASCUS 101 — a free, short webinar where participants learn from the NASCUS team...