An interesting week – CFPB news, UDAAP enforcement action, huge money laundering scandal, and an NCUA update…This week’s edition of the news has something for everyone.
Industry News for the Week of January 7
US Treasury has posted the notice that its Financial Crimes Enforcement Network will not work on regulatory guidance or rulemaking as its workforce of 285 employees is reduced to 130: Read here
A first in enforcement: Read here
Competing regulators can lead to lax oversight: Read here
CFPB and a dose of molasses! And lots of third party involvement: Read here
CFPB USAA enforcement action includes UDAAP violations: Read here
OCC asks for dismissal of suit by states over FinTech charter: Read here
These are the leaders who will be setting financial services policy for the next few years: Read here
The FinTech charter takes root: Read here
Fascinating and scary money laundering scheme: Read here
FinTech’s need to compete on a level playing field: Read here
In with the New: NCUA’s 2019 Supervisory Priorities: Read here
Implications of the Eighth Amendment’s excessive fines: Read here
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