Banker's Toolbox solidifies its position as the premier solution for fast-growing financial institutions with the release of BAM+ 4.0 upgrade.
Banker's Toolbox continues to lead the BSA/AML and Fraud prevention marketplace with the release of BAM+ 4.0. This solution provides increased detection with more versatility, transparency and control. BAM+ 4.0 also boasts a new customer due diligence platform, Due Diligence Manager, which will keep institutions compliant with the impending beneficial ownership mandates. (Read full press release here.)
Bureau to ask for performance evaluations
The CFPB has announced it will issue a "call for evidence" to ensure the Bureau is fulfilling its proper functions to best protect consumers. The Bureau plans to publish a series of Requests for Information (RFIs) seeking comment on the Bureau's enforcement, supervision, rulemaking, market monitoring, and education activities. Acting Director Mick Mulvaney said, "Much can be done to facilitate greater consumer choice and efficient markets, while vigorously enforcing consumer financial law in a way that guarantees due process. I look forward to receiving public comments in response to this call for evidence and encourage all interested parties to participate."
In the first RFI, the Bureau will seek comment on Civil Investigative Demands, which are issued during an enforcement investigation.