OFAC added a number of individuals to the SDN List.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170109.aspx

Credit Union Service Organizations must complete their annual reaffirmation with the NCUA’s CUSO Registry between February 1 to March 31, 2017. The registration can be completed on the NCUA’s website. The NCUA will host a webinar to help complete this process. The webinar is free and will be 90 minutes long.

https://www.ncua.gov/newsroom/Pages/news-2017-jan-cuso-registry-reaffirmation-period-feb-1.aspx

The OCC revised the “Changes of Corporate Title and Address” booklet of the Comptroller’s Licensing Manual. The booklet outlines the steps that should be taken for a change of legal corporate title or a change of address for a FSA or a national bank.

https://www.occ.gov/news-issuances/bulletins/2017/bulletin-2017-2.html

The agencies jointly have released a final rule that adopts the changes set forth in the interim final rule released February 29, 2016 regarding eligibility for an 18-month exam cycle. Qualifying 1 and 2 rated banks with assets less than $1billion are eligible for the longer exam cycle. Other requirements include the institution be well-capitalized, not subject to a formal enforcement action, and not have experienced a change in control during the previous 12 month period.

https://www.occ.gov/news-issuances/bulletins/2017/bulletin-2017-3.html

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