April 7 2026

What FinCEN’s Time Burden Estimate for new CTRs Fails to Take Into Account

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FinCEN estimates the time burden to complete the new CTR would be a total of 45 minutes per filing. Even if that estimate were accurate, it fails to take into account all the significant operational and recordkeeping changes needed before a bank could file its first new CTR. That runs counter to the Paperwork Reduction Act, especially in light of Executive Order 13563, which emphasizes the importance of reducing regulatory burdens and costs. [4/5/16]

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Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

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