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April

2
2025
Compliance

New Hampshire Consumer Privacy Act Update

The New Hampshire Attorney General’s Office has published guidance on the state’s new consumer data privacy law, which took effect on January 1, 2025. The law (2024 SB 255) was signed by former Governor Sununu last year.

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April

2
2025
Compliance

FDIC Turns a New Page on Banks’ Engagement in Crypto-Related Activities

Last Friday, the Federal Deposit Insurance Corporation (FDIC) announced the rescission of Financial Institution Letter (FIL-16-2022) and issued new guidance clarifying the process for FDIC-supervised institutions to engage in crypto-related activities. The new Financial Institution Letter (FIL-7-2025) represents a 180 degree turn from the prior Chairman’s position, which required prior notification and relevant information by banks seeking to engage in crypto-related activities.

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April

2
2025
Trends

OCC Releases CRA Performance Evaluations for 18 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2025, through March 31, 2025.

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April

2
2025
Industry News

Congress Urged to Reform AML Rules, Repeal Corporate Transparency Act Amid Rising Fraud Costs

Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government” approach, along with fine-tuning of suspicious activity reporting — in addition to a repeal of the Corporate Transparency Act.

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April

2
2025
Industry News

Federal Judge Blocks Efforts to Dismantle the Consumer Financial Protection Bureau

In a significant legal ruling, U.S. District Judge Amy Berman Jackson has issued a preliminary injunction preventing several actions that she determined would undermine the Consumer Financial Protection Bureau (CFPB). This decision comes in response to a lawsuit filed by the National Treasury Employees Union and other organizations challenging measures implemented by CFPB Acting Director Russell Vought under the Trump administration.

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