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Buckley recognized as a Washington Post Top Workplace for seventh consecutive year
The Washington Post selected Buckley as a Top Workplace for the seventh consecutive year ── one of only nine companies to achieve this recognition. The award is based on confidential and candid employee-feedback surveys that measure workplace culture and professional development...
AnnouncementsJeffrey P. Naimon quoted in American Banker article, “Banks, consumer advocates unite against tax reporting proposal”
The American Banker discussed in their article, “Banks, consumer advocates unite against tax reporting proposal,” that the financial industry is opposed to the Biden administration’s plan — which would require financial institutions to report customers’ account flow data to the Internal Revenue...
In The NewsDaniel R. Alonso quoted in The Guardian article, “New York grand jury stores up trouble for Trump Organization executives”
Daniel R. Alonso was quoted in The Guardian article, “New York grand jury stores up trouble for Trump Organization executives,” which discussed the report from the New York Times that the Manhattan district attorney’s office might be nearing the final stages of their criminal tax inquiry into the...
In The NewsOFAC sanctions network connected to Iran, Houthis in Yemen
On June 10, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions pursuant to Executive Order 13224 against members of a smuggling organization that allegedly contributes to funding Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis in...
InfoBytesNevada updates consumer privacy framework
On June 2, the Nevada governor signed SB 260 , which revises certain provisions under the state’s existing privacy law. Among other things, the act (i) adds “data broker” to the existing privacy framework; (ii) exempts certain persons and information collected about a consumer in the state from...
InfoBytesMSB out from under deferred prosecution agreement
On June 10, the U.S. District Court for the Middle District of Pennsylvania granted the DOJ’s unopposed motion to dismiss anti-money laundering charges brought against a money services business, ending an extended deferred prosecution agreement (DPA) related to deficiencies in the company’s anti-...
InfoBytesDistrict Court, citing Supreme Court in Facebook, says bank’s dialing equipment is not an autodialer
On June 9, the U.S. District Court for the District of South Carolina granted summary judgment in favor of a national bank, ruling that the dialing equipment used by the bank did not fit within the U.S. Supreme Court’s narrowed definition of the type of equipment that qualifies as an autodialer...
InfoBytesAgencies call for "robust" alternate reference rates
On June 11, the Treasury Department , OCC , SEC , and the FDIC released separate statements following the meeting of the Financial Stability Oversight Council concerning the LIBOR transition. Acting Comptroller of the Currency Michael Hsu said it is “imperative that banks continue careful planning...
InfoBytesSenate holds hearing on central bank digital currency
On June 9, the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy held a hearing titled “Building A Stronger Financial System: Opportunities of a Central Bank Digital Currency” to discuss the potential opportunities of a central bank digital currency (CBDC)...
InfoBytesFDIC announces Louisiana disaster relief
On June 10, the FDIC issued FIL-40-2021 to provide regulatory relief to financial institutions and help facilitate recovery in areas of Louisiana affected by severe storms, tornadoes, and flooding. The FDIC acknowledged the unusual circumstances faced by institutions affected by the storms and...
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