OFAC issued 5 new FAQs regarding transactions with Cuba. In addition, a number of deletions have been made to the SDN List.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170106.aspx

The regional body Moneyval conducted an assessment of Hungary’s AML/CFT framework and how it meets FATF’s 40 recommendations as of March 18, 2016. The full report is available on the FATF website.

https://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-hungary-2016.html

The OCC released its Semiannual Risk Perspective for Fall 2016. The report concluded that strategic, credit, operational and compliance risk all remain top concerns. The report is based on data through June 30, 2016, and is intended to be used as a resource.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-4.html

During the first half of 2017, the NCUA will provide consulting services to 153 small, federally insured credit unions. The service provides assistance on developing growth strategies, product planning and succession planning at no charge to the credit union. The NCUA is currently accepting nominations for credit unions to receive these services for the second half of the year. To qualify, it must have less than $100 million in assets, chartered for fewer than 10 years, and have a low-income designation or be a minority depository institution.

https://www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-consulting-help-153-small-credit-unions-improve-services.aspx

The CFPB released a report highlighting the increasing trend of consumers aged 60 and over with student loan debt. The snapshot describes how this trend is impacting borrower’s financial security, as well as the complaints older consumers have submitted to the CFPB about student loans from March 2012 through December 2016.

https://www.consumerfinance.gov/data-research/research-reports/snapshot-older-consumers-and-student-loan-debt/

OFAC added two individuals to its SDN List.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170105.aspx

OFAC published two Kingpin Act General Licenses authorizing certain transactions and activities that would otherwise be prohibited. The FAQs have been amended accordingly.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170105_33.aspx

The FDIC provided highlights from the conference held on 4/6/16 for community banks entitled Strategies for Long-Term Success. The conference focused on topics such as the viability of the community banking model, regulatory developments, technology, and ownership structure and succession planning.

https://www.fdic.gov/news/news/financial/2017/fil17003.html

The OCC Mortgage Metrics Report, Third Quarter 2016 was released showing an improvement in the performance of first-lien mortgages compared to prior year data. Foreclosure activity showed a decline by 25.3%. The report is based on data through September 30, 2016 on 36% of all outstanding residential mortgages in the United States.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-3.html

The OCC released the CRA Public Evaluations for 18 institutions that became public in December 2016. Eight are rated outstanding and 10 are rated satisfactory. The evaluations are available on the OCC’s website.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-2.html