Notice 2 Apr 2025 compliance, federal reserve, reporting requirements, financial institutions, regulation w

📊Federal Reserve Announces Continuation of Regulation W Reporting Requirements

The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Reporting and Recordkeeping Requirements Associated with Regulation W (FR W; OMB No. 7100-0304).

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Notice 27 Mar 2025 compliance, information collection, federal reserve, regulatory requirements, financial institutions

📊Comments Requested on Proposed Federal Reserve Information Collection

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Selected Balance Sheet Items for Discount Window Borrowers (FR 2046; OMB No. 7100-0289).

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Notice 27 Mar 2025 compliance, sec, regulation, financial institutions, identity theft

🏦SEC Regulation S-ID

The Securities and Exchange Commission proposes an extension of Regulation S-ID, focusing on information collection requirements to combat identity theft. The regulation mandates SEC-regulated entities to implement identity theft prevention programs, which includes developing policies, staff training, and regular assessments, leading to substantial compliance costs for covered institutions.

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Notice 25 Mar 2025 compliance, information collection, financial institutions, banking regulations, fdic

📊FDIC Notice on Proposed Information Collection Renewal for Banks

The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0095 and -0218).

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Rule 21 Mar 2025 recordkeeping, financial institutions, banking, penalties, imports, ofac, banks, treasury, regulatory compliance, cuba, licensing and registration, administrative practice and procedure, foreign trade, reporting and recordkeeping requirements, sanctions, exports

📜OFAC Extends Recordkeeping to 10 Years for Businesses

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this final rule to adopt, without change, an interim final rule to amend the Reporting, Procedures and Penalties Regulations (the "Regulations"), extending certain recordkeeping requirements from five to 10 years, consistent with the statute of limitations for violations of certain sanctions administered by OFAC.

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Proposed Rule 14 Mar 2025 regulatory compliance, banking, financial institutions, fdic, corporate governance

🏦FDIC Withdraws Proposed Banking Regulations Affecting Corporations

The Federal Deposit Insurance Corporation (FDIC) is withdrawing notices of proposed rulemaking relating to brokered deposit restrictions, corporate governance and risk management, and the Change in Bank Control Act. If the FDIC decides to pursue future regulatory action in any of these areas, it will issue a new proposed rule.

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Notice 13 Mar 2025 compliance, sec, securities regulation, financial institutions, lssp, accenture

📄SEC Designates Accenture for Lost and Stolen Securities Program

The Securities and Exchange Commission has designated an entity to maintain and operate the Lost and Stolen Securities Program.

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Proposed Rule 11 Mar 2025 regulation, financial institutions, fdic, mergers and acquisitions, policy change, bank merger

🏦FDIC Proposes Rescission of Bank Merger Policy

The FDIC is requesting public comment on a proposal to rescind the Statement of Policy on Bank Merger Transactions published in 2024 and reinstate its prior Statement of Policy on Bank Merger Transactions. The FDIC expects to request comment on all aspects of the regulatory framework governing the FDIC's review of bank merger transactions in connection with a future proposal to comprehensively revise its merger policy.

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Notice 7 Mar 2025 regulatory compliance, financial institutions, antitrust, membership changes, cooperative research, global trade

📈Antitrust Notice

The Department of Justice issued a notice regarding the Global Synchronizer Foundation, detailing changes in its membership as filed under the National Cooperative Research and Production Act. The report includes new members and confirms the continuation of the group's research project activities, emphasizing transparency in its operations.

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Notice 4 Mar 2025 regulation, compliance, fdic, banking, financial institutions, information collection

🏦FDIC Information Collection Activities

The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0117; -0145 and -0161).

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