More about financialinstitution@CLAconnect.com
Blog Posts by financialinstitution@CLAconnect.com:
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Online Lender Settles Deceptive and Unfair Loan Charges for $3.85 million
On April 15, 2019, Avant LLC (Avant), an online lending company, settled Federal Trade Commission (FTC) charges that it engaged in deceptive and unfair lending practices
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OMB Announces New Rule Review Process
On April 11, 2019, the Acting Director of the Office of Management and Budget (OMB) issued a memo requiring all agencies to provide new rules to it before they are issued
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Community Banking and Fintech
On April 11, 2019, the Board of Governors of the Federal Reserve System released a speech by Federal Reserve Governor Michelle W. Bowman at the “Fed Family” luncheon at the Federal Reserve Bank of San Francisco.
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Bank Assessed Another $639 Million for OFAC Violations
As we blogged on April 9, 2019, the Federal Reserve Board (Fed) fined Standard Chartered PLS and Standard Charter Bank (bank) $164 million for Office of Foreign Assets Control (OFAC) sanctions controls violations.
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$164 Million OFAC Penalty
On April 9, 2019, the Federal Reserve Board (Fed) fined Standard Chartered PLS and Standard Charter Bank (bank) $164 million for Office of Foreign Assets Control (OFAC) sanctions controls violations.
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Examiners Find Technology Contracts Lack Sufficient Detail for Business Continuity and Incident Response
On April 2, 2019, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter (FIL) 19-2019 about technology service provider contracts.
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FFIEC Releases new HMDA Reporting Guide
On April 1, 2019, the Federal Financial Institutions Examination Council (FFIEC) issued an updated version of A Guide to HMDA Reporting: Getting It Right!.
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HMDA Modified LARs Released
On March 29, 2019, the Consumer Financial Protection Bureau (CFPB) announced that the 2018 Home Mortgage Disclosure Act (HMDA) Modified Loan Application Registers (LARs) data was published
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HUD Charges Facebook with Housing Discrimination
On March 20, 2019, we blogged about Facebook announcing it was changing its platform for housing, employment, and credit advertisements.
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Bill Would Permit Financial Institutions to Serve Marijuana-Related Businesses
Representative Ed Perlmutter, a Democrat from Colorado, introduced a bill to the U.S. House of Representatives that would allow financial institutions to provide financial services to marijuana-related businesses.