The CFPB has proposed several amendments to its remittance rule. Comments on the proposal must be filed no later than January 21, 2020. The proposed amendments are...more
12/9/2019
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Border Transactions ,
Financial Institutions ,
Financial Regulatory Reform ,
Proposed Amendments ,
Regulatory Agenda ,
Remittance Transfer Rule ,
Rulemaking Process ,
Safe Harbors ,
Threshold Requirements
Last week, the New York Department of Financial Services (“NYDFS”) announced a proposed new regulation that provides greater flexibility for entities licensed, chartered, authorized, registered, or supervised by the NYDFS to...more
11/21/2019
/ Auditors ,
Confidential Information ,
Confidential Supervisory Information ,
Disclosure ,
Financial Regulatory Reform ,
Legal Representatives ,
NYDFS ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Requirements ,
State and Local Government
Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe....more