Federal agencies and Postal unions call for stronger protections as mail theft-related fraud rises nationwide. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reported a significant rise in…
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Treasury Designates Russian, North Korean Sanction-Evasion Network
Targets five entities and one individual based in Russian-occupied Georgia. The Treasury Department sanctioned five entities and one individual for enabling Russia and North Korea to evade U.S.…
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DOJ Sues Visa for Monopolizing Debit Card Markets
The department alleges the company “has unlawfully amassed the power to extract fees.” The Department of Justice filed an antitrust suit against Visa for anti-competitive actions. The department…
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CFPB Warns Banks of Overdraft Fee Consent Requirements in New Guidance
Attempts to reign in “phantom opt-in” agreements in updated legal interpretation. The Consumer Financial Protection Bureau (CFPB) released a new guidance this month, cautioning banks not to charge…
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New Jersey Bank Agrees to Settlement with DOJ and HUD Over Redlining Allegations
The institution also agreed to five-year compliance training for the Fair Housing Act. New Jersey’s OceanFirst Bank filed a proposed settlement agreeing to pay $15.1 million to settle…
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HUD Proposes Making Delinquent Mortgage Program Permanent
The program seeks to facilitate the sale of affordable housing back to government, organizations The Department of Housing and Urban Development (HUD) proposed a new rule to make…
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Treasury Secretary Speaks at Global Extreme Heat Financing Meeting
She advocated for multilateral development banks to prioritize climate results. Secretary of the Treasury Janet Yellen spoke with global financial leaders last week to continue coordinating investment plans…
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DHS Secretary Outlines Critical Infrastructure Protection Strategies
Guidance specifies priority areas for federal, state, and local security efforts. Secretary of Homeland Security Alejandro Mayorkas has published priority areas to guide the cybersecurity efforts of critical…
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Senate Committee Chair Pledges to Accelerate FDIC Nominee Confirmation Process
The bank regulation agency position may receive greater review and evaluation than the nominee’s previous role. President Joe Biden has nominated Christy Goldsmith Romero to be the next…
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DOJ Alleges Mexican Cartel Used Chinese Underground Banking
The department engaged in a multi-year investigation with Mexico and China. The Department of Justice (DOJ) recently announced a 10-count indictment against 24 members of the Mexican Sinaloa…
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