AML

Powell throws down gauntlet on Facebook’s Libra project

07/10/19

The Federal Reserve chairman said the social media giant’s cryptocurrency plan “cannot go forward” without improved regulatory controls.

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Will lower rates bring tougher regulation?; HELOC-backeds return

06/25/19

Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared.

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State regulators expand multistate licensing process for fintechs

06/24/19

Nearly half the nation's state regulators have agreed to a new multistate licensing business for money servicers, including fintechs.

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OCC hits Michigan bank with order tied to Bank Secrecy Act compliance

06/24/19

Sterling Bancorp must enhance its BSA policies and hire an outside firm to review its account activity.

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Senators seek to reassure small businesses about AML bill

06/20/19

While a bill to require firms to identify their owners has gained bipartisan support, some small companies argue it is burdensome and would subject them to harsh penalties.

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Deutsche Bank reportedly being investigated by U.S. over money laundering

06/20/19

Deutsche Bank is being investigated by U.S. federal authorities for potential lapses in money laundering compliance, The New York Times reported, citing unidentified people with knowledge of the inquiry.

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Banks seen breezing through stress tests; Deutsche under investigation

06/20/19

Banks shouldn’t have trouble this year, but the rules may change next year; U.S. authorities are probing possible AML compliance violations at the German bank.

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Facebook details digital currency plans; CRA credit for disaster prep loans?

06/18/19

The company will create a regulated subsidiary offering a digital wallet; San Francisco Fed wants CRA credit for loans that help prepare for climate change.

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Truist's rough landing, BB&T-SunTrust opportunist, AML cheat sheet: Top stories of the week

06/14/19

Hard sell ahead for BB&T-SunTrust as ‘Truist’ lands with a thud; Citizens looks to poach BB&T-SunTrust talent; what the Senate AML bill means for banks; and more from this week’s most-read stories.

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Facebook's cryptocurrency backers; Amazon looks to boost lending

06/14/19

Visa, Mastercard and PayPal are each putting up $10 million to back the cryptocurrency; company “gearing up” to reboot its flagging small business lending unit.

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