Abrigo

FEBRUARY 2, 2020

Key Takeaways The global AML community has long seen the U.S. The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions.

United States 195

United States Regulation Delaware Policies 195

Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Community Bankers Chosen as CFPB Advisors.

Washington 70

Washington Fort Worth Regulation Community Bank 70

Independent Banker

FEBRUARY 24, 2016

Talk about your captive regulator! Last month the NCUA’s sweeping, 167-page proposal to hand federal credit unions virtually unlimited freedom to serve almost any person of any means anywhere rightly drew an avalanche of letters from infuriated community bankers. When credit unions say “jump,” the NCUA says, “how high?”.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

CFPB Monitor

NOVEMBER 14, 2014

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

Delaware 84

Delaware Cards Regulation Lending 84

Lex Sokolin

JULY 1, 2019

Ethereum has the best developer community still, and there are things you can actually do with digital assets on this chain. Over $20 billion in ICO funding over 2017 and 2018 has led to the creation of 6,000 regulator-trapped tokens that raised money on Ethereum, but there is no available path to liquidity. More on that later.

Bitcoin 40

Bitcoin System Software blockchain 40

CFPB Monitor

OCTOBER 13, 2020

The Independent Community Bankers of America, a trade association representing community banks, endorses the clear, unambiguous standard set forth in the Proposed Rule. A letter highly critical of the Proposed Rule was signed by 24 of the 25 Democratic State AGs (all except the Delaware AG) – and no Republican AGs.

Lending 60

Lending Colorado FDIC National 60