Annual Operations Recap 2024
Annual Operations Recap 2024
Library:
We’ll hit all the highlights during this fast review of the year’s operations compliance issues and tell you where to find more information on developments you may have missed during the year.
Instructor:
John Burnett
Standard Price:
Included With Membership
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Description
Instructor
BankersHub Membership
The Corporate Transparency Act and Anti-Money Laundering Act of 2020 have borne a little more fruit, with new FinCEN regulations in place (and already amended) requiring entities to start reporting to FinCEN information on their beneficial owners and principals starting January 1, 2024. Bankers continue to watch carefully for “the other shoe” – rules amending bank’s beneficial ownership gathering requirements – to drop, sometime near the end of 2024.
The CFPB continued, with the FTC and other arms of the Biden Administration, the crusade against “junk fees” as the Bureau focused on overdraft and deposit account fees, brandishing its UDAAP cudgel, with support from prudential regulators. And speaking of UDAAP, the Bureau recanted an update to the UDAAP portion of its Examination Manual after a federal district court in Texas vacated it but has now filed an appeal from the district court’s order with the Fifth Circuit Court of Appeals.
And the list goes on!
We’ll hit all the highlights during this fast review of the year’s operations compliance issues and tell you where to find more information on developments you may have missed during the year.
