The Electronic Payments Association announced its keynote speakers for PAYMENTS 2017, the conference that will be held in Austin, Texas on April 23-26. Registration for the conference is available on NACHA’s website. Speakers include a panel of payments industry experts on innovation process and a number of other industry experts on innovation culture in financial services and payments.

https://www.nacha.org/news/panel-industry-experts-discuss-innovation-culture-financial-services-nachas-payments-2017

NACHA released its government relations update discussing Annual Capitol Hill Day, meeting with the US Treasury, Bureau of Fiscal Services, Senate Banking Committee Housing & Urban Affairs Hearing, the roll back on Community Bank Regulations, and comments on the Remittance Rule Assessment.

https://www.nacha.org/NACHA-Government-Relations-Update-March-30-2017

FATF Executive Secretary David Lewis addressed the Interpol Unity for Security Forum on March 29 in Abu Dhabi. The speech highlighted the need for collaboration in order to face the challenges of small terrorist cells and lone actors.

https://www.fatf-gafi.org/publications/fatfgeneral/documents/interpol-speech-mar2017.html

The FDIC released a report on its two-year pilot program for Youth Savings at its Community Bank Advisory Committee. The report outlines the experiences and lessons learned from the 21 diverse banks that participated. The full report can be accessed on the FDIC’s website.

https://www.fdic.gov/news/news/press/2017/pr17025.html

The CFPB released the monthly complaint report, which highlighted complaints about credit cards. The geographic spotlight for complaints focused on Massachusetts. The full report can be found on the CFPB’s website.

https://www.consumerfinance.gov/about-us/newsroom/cfpb-monthly-snapshot-spotlights-credit-card-complaints/

OFAC has deleted one individual from its SDN List.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170327.aspx

As part of the FATF Private Sector Consultative Forum, FATF President Mr. Juan Manuel Vega-Serrano, held a dialogue on FinTech and RegTech that built upon FATF’s previous engagement with the private sector at the Roundtable on FinTech and Retch. Discussions included experiences and opportunities as well as challenges faced. A standalone event will be held in the US to further discuss AML/CFT concerns and FATF’s work going forward.

https://www.fatf-gafi.org/publications/fatfgeneral/documents/fintech-regtech-mar-2016.html

The United Nations Office on Drugs and Crime hosted FATF’s annual Private Sector Consultative Forum. The forum allows FATF and its members to engage on concerns related to AML/CFT and constructive discussions on Information Sharing, Correspondent Banking, Financial Inclusion, Remittances and De-Risking, Terrorist Financing, Beneficial Ownership and Engaging Non-Profit Organizations.

https://www.fatf-gafi.org/publications/fatfgeneral/documents/private-sector-mar-2017.html

As part of the Economic Growth and Regulatory Paperwork Reduction Act of 1996, the federal banking agencies and the FFIEC conduct a review of their rules at least every 10 years to identify outdated or unnecessary regulations. The key opportunities included simplify capital rules for smaller and less-complex institutions, continue and expand efforts to reduce Call Report burden, reexamine the regulatory threshold for appraisals, and reevaluate how the HHI is employed. The full report is available on the FFIEC’s website.

https://www.ffiec.gov/press/pr032117.htm

The OCC will host a Risk Governance Workshop and Credit Risk Workshop in Charlotte, NC for directors of national community banks and federal savings associations supervised by the OCC. The Credit Risk Workshop will discuss credit risk within the loan portfolio and the role of board and management. The Risk Governance Workshop focuses on the OCC’s approach to risk-based supervision and major risks in the financial industry. The cost is $99 and limited to the first 35 registrants. Registration is available online or by calling 240.485.1700.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-36.html