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USA - January 27 2012
On Jan. 20, 2012, the Consumer Financial Protection Bureau (“Bureau”) issued a final rule amending Regulation E (12 C.F.R. Part 1005) (the “Final Rule”), which implements the Electronic Fund Transfer Act (15 U.S.C. §§ 1693, et seq.) (“EFTA”) and the Official Interpretations (Supplement I to Part 1005) to the regulation.
USA - January 6 2012
On July 29, 2011, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, issued a final rule (the “Prepaid Access Rule” or the “Rule”), amending the Bank Secrecy Act (“BSA”) rules relating to prepaid access.
USA - October 26 2011
On July 21, 2011, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a final rule, revising the regulations regarding money services businesses.
USA - October 20 2010
On September 30, 2010, the Financial Crimes Enforcement Network ("FinCEN") issued a notice of proposed rulemaking ("Proposed Rule") that, if implemented, would mandate certain depository institutions and money service businesses ("MSBs") to affirmatively provide records and report information to FinCEN relating to certain cross-border electronic transmittals of funds ("CBETF").
USA - August 28 2009
On August 26, 2009 the FDIC board of directors (the "FDIC Board") adopted the Final Statement of Policy on Qualifications for Failed Bank Acquisitions (the "Final Statement").
