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.
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
See what you need to know about UDAAP and your vendors. Download the infographic now to get started.