The Federal Reserve Board, the FDIC, FinCEN, the OCC and the Conference of State Bank Supervisors clarified the legal status of hemp and Suspicious Activity Report obligations for banks under the Bank Secrecy Act.
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NFA proposed reducing certain fees on Forex Dealer Members.
The CFPB proposed extending an exemption that allows insured institutions to disclose estimates to consumers of the exchange rate and covered third-party fees when sending international money or remittance transfers.
In a joint statement, a number of federal agencies highlighted the benefits of using alternative data for credit underwriting and mitigating risk.
The SEC charged an entity and several associated individuals with misleading 100 investors - most of whom were seniors - resulting in $4.9 million in losses.