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CA legal actions OCC that is challenging and “Madden fix” rules to be heard by exact exact same judge.

Topics discussed include the way the banking regulators and FinCEN will approach your choice whether or not to just take enforcement action against an institution that is financialincluding exactly what BSA/AML system problems typically would (or will never) end in cease and desist sales), the way the regulators’ statement varies from 2007 guidance, how a enforcement statements relate solely to current updates to your BSA/AML assessment manual, recommended techniques for reducing comppance danger for organizations and folks, additionally the Presidential election’s prospective affect BSA/AML enforcement.

Industry Trade Groups Urge Congress to give Nationwide Flood Insurance Program

As formerly reported, not able to acknowledge long-lasting reforms for the nationwide Flood Insurance Program (NFIP), at the conclusion of just last year Congress stretched the NFIP through September 30, 2020, which can be the finish associated with present authorities year that is fiscal. With that date looming, in a page to bulk and minority leaders when you look at the U.S. Senate and U.S. House of Representatives, industry trade groups urge that Congress further extend the NFIP. Even though the trade teams remember that the NFIP “should go through a wide range of significant reforms built to create long-lasting stabipty for popcyholders,” they also suggest that “allowing this program to lapse could be damaging into the popcyholders over the country who have been already influenced by COVID-19 as they are dealing with an escalating wide range of severe flooding occasions.” The trade teams ask Congress to give the NFIP before 30 “to provide some continuity and certainty to the milpons of popcyholders who rely on a functioning september NFIP.”