Weekly Regulatory Deadlines (July 18 to July 24)

July 24, 2018 Christian Thaure

Definition of "Employer" Under Section 3(5) of ERISA-Association Health Plans

EBSA | Securities | Final Rule

Rule effective Aug 13.

Amendments to the Swap Data Access Data Access Provisions of Part 49 and Certain Other Matters

CFTC | Securities, Cybersecurity | Final Rule

Rule effective Aug 13.

Fiduciary Activities

VA | BSA/AML | Final Rule

Rule effective Aug 02.

Streamlining Inspection Requirements for Federal Housing Administration (FHA) Single-Family Mortgage Insurance: Removal of the FHA Inspector Roster

HUD | Lending, Mortgage Lending, Consumer Lending| Final Rule

Rule effective Jul 30.

Amendments to the Commission's Freedom of Information Act Regulations

SEC | Securities | Final Rule

New York Times 07/22/2018

United States regulators, however, get detailed information only about the derivatives traded by Goldman Sachs International. Thanks to a loophole in laws enacted in response to the financial crisis, trades by Goldman Sachs International Bank don’t have to be reported…

CIT profits decline 19% on credit, restructuring costs

American Banker 07/24/2018

An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company…

Identity Management Techniques Make Facial Recognition Software Mandatory for AML/CFT Compliance

Kenneth Rijock’s Financial Crime Blog 07/24/2018

A large number of compliance officers at international banks, where they regularly onboard affluent foreign clients, continue to regard the use of facial recognition software as optional or ignore its usefulness altogether…

Dramatic changes to CFPB proposed by House not part of appropriations bill under consideration by Senate

CFPB Monitor – Consumer Finance Monitor 07/24/2018

According to media reports, the Senate was scheduled to begin debate yesterday afternoon on H.R. 6167, the “Interior, Environment, Financial Services, and General Government Appropriations Act, 2019.” The bill, which was passed by the House last week by a vote of 217–199 with no Democrats voting for the bill, would make several dramatic changes to…

What You Missed

SEC Complaint – Bhushan Dandawate
SEC | Securities | Enforcement | 07/19/2018

Deustsche Bank Trust Company Americas
SEC | Securities | Enforcement | 07/20/2018

SEC Complaint – Centor Energy Inc. and Frederick DaSilva
SEC | Securities | Enforcement | 07/19/2018

Edward A. Young and Guardians Trustee, LLC
SEC | Securities | Enforcement | 07/19/2018

Sebastian Jimenez
FINRA | Securities | Enforcement | 07/19/2018