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Proposed Rule to Strengthen and Modernize AML/CFT
By Kevin Edwards
| Feb 11, 2025
The goal of the Proposed Rule to strengthen and modernize Anti-Money Laundering (AML) and...
Deregulation of Crypto?
By Kevin Edwards
| Feb 11, 2025
On February 5, 2025, the FDIC released documentation related to its supervision of banks engaged in...
HMDA Data: Initially Payable to You
By David Dickinson
| Feb 10, 2025
There are a lot of data points that you must report for each application on your HMDA LAR....
FinCEN Alert News
By Kevin Edwards
| Feb 10, 2025
In mid-December, FinCEN issued an Alert to bring awareness to “Fraud Schemes Abusing FinCEN’s Name,...
Stay of 1071 Compliance Dates for ABA, ICBA Banks
By Diane Dean
| Feb 10, 2025
The United States Court of Appeals for the Fifth Circuit has granted a stay on Section 1071’s...
HMDA Purpose
By David Dickinson
| Feb 05, 2025
If you are a HMDA reporting institution, knowing which applications are covered is the cornerstone...
BSA/AML/CFT Risk Assessment
By Kevin Edwards
| Feb 05, 2025
Risk assessments are more than just a box to check off on your compliance “to do” list, they are...
Flood Risk in the Mortgage Market
By David Dickinson
| Feb 05, 2025
On January 13, 2025, the CFPB put out a report entitled, Flood Risk and the U.S. Mortgage Market...
CFPB Seeks to Stop Illegal Kickback Scheme
By Kevin Edwards
| Feb 05, 2025
On December 23, 2024, the CFPB filed suit against Rocket Homes, The Jason Mitchell Group, 45 of its...