FinCEN announced updates to the Suspicious Activity Report (SAR) filing format in a notice to e‐filers. The announcement says that the revisions adhere to the changes listed in FinCEN’s February 2, 2017 Federal Register notice and will be live in June 2018. In these new filings, batch submissions will have to be made in an […]
FinCEN Finalizes New SAR Read More »
On Thursday, February 1, 2018, the Consumer Financial Protection Bureau (CFPB) released a statement indicating that the 2018 HMDA LAR Formatting Tool is now available. The tool, which is available here, is for use by those institutions not currently using an automated system for processing their HMDA LAR. Under the new HMDA reporting rules, an
CFPB Releases HMDA‐LAR Reporting Tool Read More »
Washington pulled through with a temporary compromise on extending government funding on Monday, thereby continuing to fund many “non‐essential” services and programs – one of which is the National Flood Insurance Program (NFIP). However, this provides us with a three week window and if additional compromises or an agreement is not made we may find
Government Shutdown—National Flood Insurance Program Affected Read More »
On January 4, 2018, Attorney General Jeff Sessions issued a Memorandum which reverses the Department of Justice’s (DOJ’s) stance on enforcement of the Controlled Substances Act as it relates to medical and recreational marijuana that is legal at the state level. How this will impact federal prosecution of the marijuana industry is uncertain, but the
Stunning Reversal by DOJ on Marijuana Enforcement Read More »
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