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Benjamin W. Hutten quoted in S&P Global article, “Banks can expect return to strict oversight of anti-money laundering rules”
The S&P Global article, “Banks can expect return to strict oversight of anti-money laundering rules,” examined how the country’s emergence from Covid-19, coupled with the recently enacted U.S sanctions against Russia, will lead to a renewed focus on AML enforcement. There is general agreement...
In The NewsJeffrey P. Naimon quoted in American Banker article, “Bankers fear CFPB will lower cap on credit card late fees”
The American Banker article, “Bankers fear CFPB will lower cap on credit card late fees,” discussed the bureau’s desire to seek a lower cap on credit card late charges as a safeguard to cardholders despite credit card companies being within the maximum limits allowed under the CARD Act. Naimon...
In The NewsJeffrey P. Naimon quoted in S&P Global article, “Expanded anti-discrimination guidelines create compliance challenge for US banks”
The S&P Global article, “Expanded anti-discrimination guidelines create compliance challenge for US banks,” discussed the heightened anti-discrimination regulations surrounding all consumer financial markets and the difficulty it has caused for banks. While many are praising the CFPB for...
In The NewsElizabeth E. McGinn quoted in Inside Mortgage Finance article, “Mortgage companies put on alert for Russian cyberattacks”
The Inside Mortgage Finance article, “Mortgage companies put on alert for Russian cyberattacks,” discussed the warnings from government agencies and trade associations of possible cyberattacks against the mortgage industry following Russia’s invasion of Ukraine. According to the New York State...
In The NewsBenjamin W. Hutten extensively quoted in American Banker article, “Harsher sanctions against Russia could hurt U.S. banks”
The American Banker article, “Harsher sanctions against Russia could hurt U.S. banks,” discussed the effects of Russia’s invasion of Ukraine on the financial system of Russia and its impact reaching many U.S. depository institutions. It is expected that compliance with this round of sanctions will...
In The NewsDaniel R. Alonso quoted in Insider article, “Trump has fought document subpoenas for 3 years. So why didn't the Manhattan DA just get a search warrant?”
The Insider article, “Trump has fought document subpoenas for 3 years. So why didn't the Manhattan DA just get a search warrant?” examined the ongoing investigations into the former president’s business affairs and his ability to avoid providing requested documents, raising the question of why a...
In The NewsJeffrey P. Naimon quoted in National Mortgage News article, “FHA taking state AG concerns about servicers ‘very seriously’”
The National Mortgage News article, “FHA taking state AG concerns about servicers ‘very seriously,’” explored HUD’s concern regarding allegations by a group of attorneys general that some mortgage servicers failed to offer a recently added Federal Housing Administration Covid-19 modification option...
In The NewsBenjamin W. Hutten extensively quoted in CoinDesk article, “Chatex users ask US Treasury to release crypto frozen by sanctions”
The CoinDesk article, “Chatex users ask US Treasury to release crypto frozen by sanctions,” discussed the recent sanctions against Chatex, which allegedly facilitated transactions for multiple ransomware variants leaving 370,000 registered users unable to make withdrawals from their accounts...
In The NewsMelissa Klimkiewicz quoted in Inside Mortgage Finance article, “Congress reauthorizes NFIP through Feb. 18”
The Inside Mortgage Finance article, “Congress reauthorizes NFIP through Feb. 18,” explored the decision to once again temporarily extend the National Flood Insurance Program, this time through February 2022, as well as the ramifications of increased premiums. Klimkiewicz noted, “If there’s no...
In The NewsBenjamin W. Hutten extensively quoted in CoinDesk article, “ConsenSys Suddenly Bars Iranian Students from Ethereum Coding Class”
The CoinDesk article, “ConsenSys Suddenly Bars Iranian Students from Ethereum Coding Class,” discussed the removal of 50 Iranian students from the ConsenSys Academy, an educational branch of the New York City-based block chain software technology company in mid-November. It is not clear if the...
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