On Oct. 9, 2019, President Trump issued two executive orders intended to limit the way federal agencies issue and utilize guidance in their supervisory capacity. There are plenty of critics of the way federal agencies have used agency-issued guidance...

On Oct. 10, 2019, the Financial Crimes Enforcement Network (FinCEN) announced it adjusted for inflation the civil money penalties (CMPs) for violations of the Bank Secrecy Act (BSA). This serves as an important reminder that federal examiners review ...

On Sept. 27, 2019, the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency all announced they have adopted a joint final rule increasing the threshold for residential real estate transactions ...

On Sept. 19, 2019, the Consumer Financial Protection Bureau (CFPB) issued its 19th edition of Supervisory Highlights containing key compliance findings from CFPB examinations. One key finding financial institutions should take note of relates to onli...

On Sept. 25, 2019, the U.S. House of Representatives passed the SAFE Banking Act bill (H.R. 1595) by a margin of 321-103. Almost all Democrats supported the bill along with almost half of the Republicans. The bill provides a safe harbor to financial ...

On Sept. 23, 2019, the Federal Deposit Insurance Corporation’s (FDIC) Office of the Ombudsman published its 2018 Annual Report. The Ombudsman Office serves as part of an alternative dispute resolution process and this is the first public report it ...

Core system conversions can be one of the most-costly activities a financial institution undertakes. It’s a strategic decision that involves both cash expenditures and dedicated time from some of the organization’s most capable personnel. Given t...

On Sept. 19, 2019, the National Credit Union Administration (NCUA) issued a final rule providing credit unions with more payday alternative loan options. The 49-page final rule, known as PALs II, is not replacing the existing payday alternative loan ...