Links in “Agencies”

The CFPB takes its acronym game to a new level as it launches the ROADS (Reach Outcomes. Achieve Dreams. Succeed.) to Financial Independence program to help the financial lives of people with disabilities. The program includes a financial assessment, access to financial counseling, planning resources, and guidance for an improving financial situation. [6/4/15]

FinCEN announced a $75 million civil penalty against Hong Kong Entertainment (Overseas) Investments and Tinian Dynasty Hotel & Casino for failure to develop and implement an AML program. The casino went years without an AML program in place, willfully conducted suspicious transactions, and offered advice for avoiding laws in the U.S. [6/4/15]

In a speech at the BITS Emerging Payments Forum, Comptroller of the Currency Curry discussed the impact of emerging technologies on the banking industry and questions that need to be addressed in the future. Citing the growth of online banking as an example of how the banking and depository industry has evolved with emerging technologies, Curry stated that other such predictions that technological advancements will replace banks in the present and future. Curry highlighted cybersecurity as a continuing concern that accompanies emerging technologies. [6/4/15]

Register online now to participate in the National Credit Union Administration’s June 17 webinar, “Remittances and Other Money Transfer Services." [6/3/15]

Comptroller of Currency Thomas J. Curry shared his thoughts regarding technology and how it will affect our banking and financial future. Read his full remarks here. [6/3/15]

FinCEN has fined King Mail & Wireless Inc. $12,000 today for “willful and repeated violations of the Bank Secrecy Act.” [6/2/15]

OCC has released its third quarter schedule for Community Reinvestment Act (CRA) evaluations. [6/2/15]

Bank of America has received a $30 million civil money penalty due to violations of the Servicemembers Civil Relief Act (SCRA). The bank is ordered to step up its act when it comes to SCRA compliance and fix the 73,000 customer accounts affected by its non-compliance. [6/1/15]

Spoiler alert: Hoffman Law Group loses. [6/1/15]

Two autodealers, Jim Burke Nissan and Ross Nissan, have been dealt a consent order for deceptively advertising the sale, financing and leasing of their vehicles. [6/1/15]