NAFCU Reg Committee reviews proposals open for comment from NCUA, CFPB, more
NAFCU’s Regulatory Committee met Tuesday and discussed several proposals open for comment from federal financial regulators, including the NCUA, CFPB, and Financial Crimes Enforcement Network (FinCEN).
The group first reviewed the NCUA’s notice and request for comment regarding its draft Strategic Plan for 2022-2026 and the CFPB’s request for information (RFI) regarding Home Mortgage Disclosure Act (HMDA) rule assessment. In addition, the committee discussed several proposals from FinCEN, including:
- an advanced notice of proposed rulemaking regarding anti-money laundering (AML) regulations for real estate transactions;
- a notice of proposed rulemaking regarding beneficial ownership reporting; and
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