US Treasury develops nonbank mortgage lender rules

July 15th, 2009


WASHINGTON – Cash reporting requirements for U.S. banks may be expanded to non-bank residential mortgage lenders and originators, a federal agency that polices financial crimes said on Wednesday.

The Financial Crimes Enforcement Network (FinCEN), a division of the Treasury Department, notified the mortgage industry that it is considering whether to move ahead with proposed anti-money laundering and suspicious activity reporting regulations.

Continue reading at

Written by admin

🚨@FinTrCo & 36 global civil society orgs call for US to tackle its black hole of financial secrecy undermining demo…
- Wednesday Mar 29 - 2:32pm

Follow @FinTrCo