The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued orders identifying three Mexico-based financial institutions as being of primary money laundering concern in connection with illicit opioid trafficking. These orders are... Read more »
The Consumer Financial Protection Bureau sued Early Warning Services, LLC and major banks for failing to safeguard the Zelle network from fraud and other defects. Source link Read more »
The Committee on Payments and Market Infrastructures (CPMI) and the Bank for International Settlements (BIS) have jointly published a report on the implications of tokenisation for central banks. Source link Read more »
The Federal Deposit Insurance Corporation (FDIC) issued a proposed rule requiring insured depository institutions to adhere to new recordkeeping requirements for certain custodial deposit accounts that offer transactional features Source link Read more »
For decades, affirmative action policies in college admissions have provided educational opportunities to underrepresented groups in an effort to counteract historical discrimination. On June 29, 2023, the U.S. Supreme Court struck down... Read more »
Following on from our Blog post and article from November of last year that looked at the potential liabilities of banks and related parties in the context of authorised push payment (“APP”) frauds, the recent decision... Read more »
The Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) recently released proposed rules to give banks and credit unions more flexibility to hire people who have committed relatively... Read more »
Philip M. Berkowitz talks about background checks and “Ban-the-Box” laws that financial services organizations must comply with when hiring. Global Banking & Finance Review View Source link Reach Out Don’t hesitate to... Read more »
This week, LawNext veers slightly off-topic for a conversation about wrongful convictions. But, as you’ll hear from our guests, there is a legal tech angle, even to this. At the recent Clio... Read more »
Professor Emeritus William C. Banks contributed to the USA Today fact check article “No, Trump won’t face the death penalty in 2020 election indictment.” Recently making the rounds on social media were... Read more »