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FinCEN Names ABLV Bank of Latvia an Institution of Primary Money Laundering Concern (2/16/18) The Financial Crimes Enforcement Network (FinCEN) on February 13 issued a finding and notice of proposed rulemaking (NPRM), pursuant to Section 311 of the USA PATRIOT Act, seeking to prohibit the opening or maintaining of a correspondent account in the United States for, or on behalf of the bank. Comments on the NPRM are due by Apr. 17, 2018. For questions or to provide input, contact Rob Rowe.

CFPB Seeks Feedback on Supervision Processes (2/15/18) The Consumer Financial Protection Bureau issued a request for information seeking feedback on its supervision processes — the fourth in an ongoing series of RFIs designed to provide the bureau with input on how it is fulfilling its statutory obligations and how to improve outcomes for both consumers and covered entities. The bureau also announced that over the coming weeks, it anticipates issuing more RFIs on a number of topics including external engagement, complaint reporting, the bureau’s rulemaking processes, bureau rules not under section 1022(d) assessment, inherited rules, guidance and implementation support, consumer education, consumer inquiries and data policy. For more information, contact ABA’s Nessa Feddis or Rick Freer.


 Compliance Due Dates


Feb 22 - Comments Due - FCC's Comment Request on Robocalls


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