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U.S. Senate Banking Committee's two most powerful members went at it over the Congressional Review Act S.J. Res. 57 that aims to repeal the CFPB's Indirect Auto Lending Guidance. As would be expected, Chairman Sen. Crapo, the majority leader, was a strong advocate for repeal with Minority Leader Sen. Brown strongly urging that the guidance aimed at protecting minorities and promoting fair lending remain. [4/19/18]
What is trade-based money laundering and how can your Bank Secrecy Act and front-line personnel recognize it? Due to the sensitive nature of BSA reporting by financial institutions, it’s not often we hear real-life examples of trade-based money laundering. Presented by Dayne Bloxham of AdvisX, this is the second of three episodes of Risk Watch highlighting notable examples of BSA reporting. Click here to watch now.
What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video