Dodd-Frank BRU

Bank Regulation Updater

Designed for the busy banker and bank counsel, the BRU summarizes and highlights final actions of the federal bank regulatory agencies – final regulations and official guidance – matching them with the Dodd-Frank sections they implement. Hyperlinks throughout the BRU connect all actions to original sources for convenient reference and complete detail.

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Proposed AML Rulemaking
Would Expand FinCEN Jurisdiction

 (FinCEN) proposed new regulations that would extend anti-money laundering (AML) requirements to banks not currently subject to federal regulatory oversight. Under FinCEN regulations, private banks, non-federally insured credit unions and certain trust companies are defined as “banks” for this purpose. ...

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In The News

FinCEN FAQs Clarify Customer
Due Diligence Regulation
s

Two months after amending its customer due diligence (CDD) regulations requiring financial institutions to identify and verify beneficial owners of their legal entity customers, FinCEN has issued frequently asked questions (FAQs) designed to improve understanding and facilitate compliance ...

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In The News

A Timely FDIC Reminder
on Examination Findings

The Reminder pointedly recognizes cooperative, continuing communication between examination staff and bank management as a critical element of effective bank supervision ...

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In The News

Prepaid Banking Products To Be Regulated Like Credit Cards

Amidst growing regulatory concern over the exponential growth in the use of prepaid cards and other forms of prepaid accounts, the Consumer Financial Protection Bureau (CFPB) recently issued a final rule (New Regulation) expanding the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) ...

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In The News

OCC Extends Comment Period for ‘Money Laundering Risk’ Reporting Plan

The U.S. Treasury Department is taking comments on its plan to require banks to file an annual “Bank Secrecy Act/Money Laundering Risk Assessment.” Dinsmore’s Frank Mayer spoke with ACAMS moneylaundering.com  on what this means for banks ...

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In The News

Respected Financial Services
Attorney Joins Dinsmore in D.C.

Veteran financial services attorney John Bowman joins Dinsmore from Venable LLP, where he spent four years advising banks and financial services firms on regulatory, compliance, enforcement and policy issues ...

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