Introduction - Many regulated businesses believe that the only thing worse than strict regulations is a wholly uncertain regulatory environment. With many rule changes on hold and enforcement actions and investigations being...more
3/20/2025
/ Banking Sector ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Dodd-Frank ,
Enforcement Actions ,
ETFs ,
Financial Institutions ,
FinTech ,
Regulatory Requirements ,
State Attorneys General ,
Truth in Lending Act (TILA)
On 11 March 2025, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) to require money services businesses (MSBs) located in specified zip codes of California and Texas to file currency...more
3/20/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Geographic Targeting Order ,
Money Services Business ,
Regulatory Requirements ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
What is Open Banking?
Open banking is a collaborative model in which banks and other similar regulated financial institutions are required to share their customers’ financial data with third parties upon the request of...more