WORD OF THE DAY® – Clean-Up Call
July 25, 2024- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency issued a statement reminding banks of potential risks associated with third-party arrangements...more
July 15, 2024 - The Conference of State Bank Supervisors and the National Association of State Credit Union Supervisors submitted a joint comment letter stating that the Federal Housing Finance Agency should not make any...more
February 20, 2024- The Financial Crimes Enforcement Network (FinCEN) published a small entity compliance guide today that provides an overview of the requirements regarding access to beneficial ownership information (BOI)...more
December 21, 2023- The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) took another major step in support of U.S. Government efforts to crack down on illicit finance and enhance corporate...more
December 12, 2023- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing."...more
November 21, 2023- The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has settled with Binance...more
October 20, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are extending until January 16, 2024, the comment period on their large bank capital...more
September 28, 2023- The U.S. House Committee on Small Business Subcommittee on Rural Development, Energy, and Supply Chains held a hearing titled "Energy Independence: How Burdensome Energy Regulations are Crushing Small...more
September 18, 2023- New York State Department of Financial Services (DFS) issued an update on an ongoing initiative to strengthen DFS oversight of virtual currencies. September 18, 2023- The Federal Reserve Bank of New...more
June 13, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress."...more
April 27, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Oversight of the Credit Reporting Agencies." April 27, 2023- The U.S. Senate Committee on Small Business &...more
April 21, 2023- The Financial Stability Oversight Council (Council) voted unanimously to issue for public comment a proposed analytic framework for financial stability risks. The Council also voted unanimously to issue for...more
October 27, 2022- U.S. Deputy Secretary of the Treasury Wally Adeyemo participated in a virtual roundtable with key stakeholders on climate impact, equity and the Inflation Reduction Act....more
September 9, 2022- The U.S. Department of the Treasury's Office of Foreign Assets Control is designating Iran's Ministry of Intelligence and Security and its Minister of Intelligence for engaging in cyber-enabled...more
Congress- U.S. House of Representatives- Committee on Financial Services- Hearing: Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America's Neighborhoods-...more
Federal Agencies- Federal Reserve Bank of New York- Survey of Consumer Expectations: Household Spending Expectations Rise Sharply; Credit Access Perceptions and Expectations Deteriorate Further-...more
Congress- U.S. House of Representatives- Committee on Small Business- Committee Announces June Hearings- May 27, 2022- The House Small Business Committee announced several committee hearings throughout June:...more