FinCEN issued an advance notice of proposed rulemaking to solicit public comment on a wide range of questions pertaining to the possible application of an explicit customer due diligence [CDD] obligation on financial institutions, including a requirement for financial institutions to identify beneficial ownership of...
This bulletin communicates guidance that extends the time period for consideration of Community Reinvestment Act activities that support the revitalization and recovery of the areas that hurricanes Katrina and Rita devastated.
The Federal Deposit Insurance Corp. approved the payout of the insured deposits of Home Savings of America, Little Falls, Minn. The bank was closed by the Office of the Comptroller of the Currency, which appointed the FDIC as receiver.
The National Credit Union Administration announced the liquidation of People for People Community Development Credit Union of Philadelphia on Feb. 19. TruMark Financial Credit Union of Philadelphia immediately purchased and assumed People for People CDCU's members and loans.
The National Credit Union Administration, working cooperatively with the Wisconsin Office of Credit Unions, assumed control of service and operations at A M Community Credit Union headquartered in Kenosha, Wis.
Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System announced that the deadline for submitting requests for review under the Independent Foreclosure Review has been extended.
FinCEN, a bureau of the Department of the Treasury, is issuing this final rule defining non-bank residential mortgage lenders and originators as loan or finance companies for the purpose of requiring them to establish anti-money laundering programs and report suspicious activities under the Bank Secrecy Act.
The Federal Deposit Insurance Corp. has issued revised guidance describing potential risks associated with relationships with third-party entities that process payments for telemarketers, online businesses and other merchants.