In a Notice of Proposed Rulemaking (NPRM) entitled Amendment to the Bank Secrecy Act Regulations - Definitions and Other Regulations Relating to Prepaid Access, the Financial Crimes Enforcement Network (FinCEN) today proposed new rules that would establish a more comprehensive regulatory framework for non-bank prepaid...
The Financial Crimes Enforcement Network (FinCEN) is advising U.S. financial institutions of a recent change in Mexican financial regulations applying to Mexican banks that could affect the operations of U.S. financial institutions.
The Federal Reserve Board on Tuesday approved a final rule to protect credit card users from unreasonable late payment and other penalty fees and to require credit card issuers to reconsider interest rate increases imposed since the beginning of last year. This new rule amends Regulation Z (truth in lending).
The oil spill resulting from the explosion and sinking of the Deep Water Horizon Mobile Offshore Drilling Unit has had a devastating effect on the U. S. Gulf Coast region. The Office of Thrift Supervision (OTS) urges thrifts in the affected areas to consider all reasonable steps to meet their customers' financial...
Washington First International Bank, Seattle, Wash., was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
National Credit Union Administration Board Member Gigi Hyland yesterday emphasized the critical part that credit union supervisory/audit committees in overseeing the safe and sound operation of credit unions.
The National Credit Union Administration (NCUA) announces today that it has approved the Purchase and Assumption of certain assets, including eleven branch offices in Wisconsin, and deposits by Royal Credit Union from Anchor Bank. The Wisconsin Office of Credit Unions, Federal Deposit Insurance Corporation, and...
The National Credit Union Administration (NCUA) was appointed liquidating agent of Orange County Employees Credit Union (Orange County Employees) of Orange, Texas, by the Texas Credit Union Department.
The Financial Crimes Enforcement Network (FinCEN) announced the assessment of a civil money penalty (CMP) of $1 million against Pamrapo Savings Bank, S.L.A., of Bayonne, N.J. for violating requirements under the Bank Secrecy Act (BSA).