• 12.05.18

    DOJ Announces Revised Policies for Awarding Cooperation Credit

    On November 29, 2018, Deputy Attorney General Rod Rosenstein announced revisions to U.S. Department of Justice (DOJ) policies that expand prosecutors’ discretion in awarding cooperation credit to companies facing criminal or civil investigations.

  • 11.07.18

    Latest BSA/AML Penalty: $100M From OCC

    On October 23, 2018, the Office of the Comptroller of the Currency (OCC) assessed a $100 million civil money penalty against a national bank primarily known for its issuance of credit cards, for failing to comply with a 2015 consent order requiring the financial institution to timely remedy ...

  • 08.16.18

    Add-Ons Cost Kentucky Bank $4.75M in Federal Reserve Board Action

    A Kentucky bank must pay $4.75 million in restitution pursuant to a consent order with the Board of Governors of the Federal Reserve System in an enforcement action involving add-on products.

  • 08.02.18

    New York’s DFS Report Could Yield Increased Regulation

    Based on a law requiring a survey of online lending in the state, New York’s Department of Financial Services (DFS) issued a report on the methods of operation, lending practices, and risks and benefits of online lending, including recommendations that could lead to additional regulation of ...

  • 07.13.18

    DOJ Fraud Task Force: What It Means for Financial Services

    With the July 11 announcement by Deputy Attorney General Rod Rosenstein of the new Department of Justice (DOJ) Task Force on Market Integrity and Consumer Fraud comes the obvious question: How will this task force affect the ongoing role of the Bureau of Consumer Financial Protection(CFPB); the ...

  • 06.20.18

    CFPB News: Mulvaney Replacement, BCFP Signage and Other Musings

    As the President nominates the virtually unknown Kathy Kraninger as Director, the Acting Director gets a reprieve while taking a wrecking ball to the status quo at the agency formerly known as the CFPB.

  • 06.20.18

    Enforcement: PHH Suit Gone but Other Enforcement Activity Continues

    As the  Consumer Financial Protection Bureau (CFPB or Bureau) withdraws from enforcement, activity continues in the courts and with certain other regulators.

  • 06.06.18

    AML News: FinCEN Issues Exceptions to Beneficial Ownership Rule

    With FinCEN’s new Beneficial Ownership Rule now in effect, the regulator has quickly provided some important exceptive relief for premium finance lenders.

  • 05.22.18

    America’s Opioid Crisis

    The deaths caused by opioids in 2016 exceeded the total deaths in any single year from car accidents, gun violence and even HIV/AIDS at the height of that epidemic.

  • 05.10.18

    DOJ Announces Global Resolution Initiative for Companies Under Investigation

    In a speech on May 9, 2018, Deputy Attorney General Rod Rosenstein announced another policy shift at the Department of Justice (DOJ), signaling that corporate accountability will be tempered by a coordinated multiagency approach to resolving cases, with the goal of avoiding “piling on” ...



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