June 24, 2025
By Veronica Madsen; Consultant, Young & Associates On March 21, 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published its final rule to adopt the interim...
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Compliance Category | Young & Associates
February 19, 2025
By Bill Elliott, CRCM; Director of Compliance Education, Young & Associates Over the last few years we have dealt with changes to regulation, followed by lawsuits, followed by resolution (in...
February 19, 2025
By William J. Showalter, CRCM; Senior Consultant, Young & Associates Over the past year, we have seen at least 27 Bank Secrecy Act (BSA) enforcement actions from an array of...
February 19, 2025
Mitigating Repurchase Risk Before It’s Too Late By Donald Stimpert, Manager of Secondary Market QC, Young & Associates Understanding the Rising Risk of Loan Buybacks The secondary mortgage market is...
December 31, 2024
As the regulatory environment continues to evolve, the CFPB’s latest Supervisory Highlights offer crucial insights for financial institutions navigating an increasingly complex landscape. Issue 37 shines a spotlight on deposit...
December 23, 2024
The FDIC’s analysis of U.S. industrial transitions between 1970 and 2019 reveals the profound effects of economic shifts on metro areas and the community banks serving them. These transitions, driven...
December 23, 2024
The NCUA’s December 2024 Letter to Credit Unions (24-CU-03) sheds light on the risks and regulatory concerns surrounding overdraft and non-sufficient funds (NSF) fee practices. This guidance is crucial for...
December 23, 2024
The OCC 2024 Annual Report provides a comprehensive overview of the federal banking system, highlighting stability, strategic priorities, and regulatory advancements. This report underscores the importance of proactive risk management,...
December 23, 2024
Top Trends in Banking Risks The OCC’s report emphasizes maintaining sound risk management practices to address growing challenges: Fraud Activity: External fraud schemes targeting consumers and banks are rising. Sophisticated...
December 6, 2024
The right of rescission, governed by Regulation Z under the Truth in Lending Act (TILA), remains a cornerstone of consumer protection in the lending industry. For financial institutions, ensuring compliance...
