Legal Briefs

Consumer Financial Protection Bureau (CFPB)

The CFPB posted information on its blog outlining its initiative regarding student cards and bank accounts.

Federal Emergency Management Agency (FEMA)

FEMA has issued a statement regarding the rescission of its booklet entitled Mandatory Purchase of Flood Insurance Guidelines, since it has been made obsolete by the Biggert-Waters Flood Insurance Reform Act of 2012.

US Department of Housing and Urban Development (HUD)

HUD released a statement detailing a multi-agency initiative to “make homes healthier.”

Financial Accounting Standards Board (FASB)

FASB has issued several news releases regarding Comprehensive Income, Accounting for Income Taxes, and Disclosures that Apply to Balance Sheet Offsetting of Assets and Liabilities.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of Feb. 6, 2013. The most recent previous update was made on Feb. 5, 2013.

Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Compliance News.