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2019 Compliance E-News

January 15, 2019
Regulatory Compliance E-News
Frequently Asked Question & Answer - Based on the Financial Crimes Enforcement Network (FinCEN) guidance, what red flags should financial institutions consider with respect to monitoring cryptocurrency transaction activity in consumer accounts?

January 3, 2019
Regulatory Compliance E-News
Frequently Asked Question & Answer - For the Loan Purpose Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) data point, how should lenders distinguish the refinancing purpose from the cash-out refinancing purpose?  If an investor considers a transaction to be a cash-out refinancing, would it also be considered a cash-out refinancing for HMDA purposes?

Contact Us
For additional information or if you have a question that you would like us to answer in an upcoming Regulatory Compliance E-News, contact Stephen King, JD, AMLP, Director of Regulatory Compliance Services, at 617-428-5448 or sking@wolfandco.comErica Torres, CRCM, Regulatory Compliance Principal, at 617-261-8121 or etorres@wolfandco.com, or Heather Johnson, CRCM, Regulatory Compliance Supervisor, at 617-428-5438 or hjohnson@wolfandco.com.

 

View the 2018 Compliance E-News.