- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Banks have some new guidance on how to seek an extension for conforming their investments in "illiquid funds" to the Dodd-Frank Act's Volcker Rule. Joe Mont reports.
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While members of the Trump Administration wave off persistent critics, rule changes are starting to take root, notably for the Volcker rule.
Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau.
TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money through the company.
