A Republican Congress and the incoming Trump administration may employ the CRA to quickly overturn recent rules that faced heavy criticism from the financial services industry.
By Jenny Cieplak, Zachary Fallon, Arthur Long, Parag Patel, Barrie VanBrackle, Stephen Wink, and Deric Behar
Every four years in American politics is an opportunity to turn the tables on the party in power. But leading up to and following an election that shifts control of the government
The proposal seeks to enhance Bank Secrecy Act compliance by aligning the agencies’ AML/CFT program requirements for banks with FinCEN’s requirements.
By Arthur S. Long, Pia Naib, and Deric Behar
On July 19, 2024, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) (collectively, the Agencies) issued a joint Notice of Proposed Rulemaking (the Proposed