365 Enforcement Actions in the U.S. over past 30 days

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FINRA enforcements decreased 14% over the past 30 days

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SEC issued enforcements: $225,742,880.78 over the past 30 days

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117 Final Rules go into effect in the next 30 days

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96 Mortgage Lending docs published in the last 7 days

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1836 docs with 3519 extracted obligations from the last 7 days

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109 new Proposed and Final Rules were published in the past 7 days

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5721 new docs in pro.compliance.ai within the last 7 days

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Considering RCM Solutions?  Here’s an RFP to get started.

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Privacy Act of 1974; System of Records

OPM | Debt Collection | Notice

Regulatory Notice 21-10 FINRA Updates Private Placement Filer Form Pursuant to FINRA Rules 5122 and 5123 Effective Date: May 22, 2021

FINRA | Securities | Notice

Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X

CFPB | Lending, Mortgage Lending, Consumer Lending | Proposed Rule

Holding Foreign Companies Accountable Act Disclosure

SEC | Securities | Final Rule

Investment Adviser Marketing

SEC | Securities | Final Rule

A Field Guide to Coming AMLBSA Reforms

A Field Guide to Coming AML/BSA Reforms | ABA Banking Journal – ABA Banking Journal
ABA Risk and Compliance 05/03/2021
On Jan. 1, Congress passed the National Defense Authorization Act. Included in the law were several anti-money laundering provisions collectively known as the Anti-Money Laundering Act of 2020, or AMLA—the first significant changes to the Bank Secrecy Act since the USA Patriot Act was adopted nearly 20 years ago…
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Trade deficit rises to record $74.4 billion in March
The Hill 05/04/2021
The trade deficit, the difference between how much the U.S. sells and buys internationally, reached a record $74.4 billion in March, according to Commerce Department data released Tuesday…
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Consumer Lenders Face a New Challenge Each Other

Consumer Lenders Face a New Challenge: Each Other
The Wall Street Journal 05/04/2021
Shares of lenders including credit-card, auto, student and personal loan makers have soared this year, thanks to strong credit performance and a belief that rates will tick higher. For many of these stocks it isn’t hard to envision further gains as part of a broad recovery in consumer spending and credit demand. Firms such as Ally Financial , Capital One Financial , LendingClub and SLM all are up more than 40% so far this year, or roughly double the gain for S&P 500 financials overall…
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California DFPI issues proposed regulations to implement new Debt Collection Licensing Act
Consumer Finance Monitor 05/03/2021
Debt collector licenses are required beginning on January 1, 2022 but a debt collector that applies for a license before that date can continue to operate while the application is pending…
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