Tagged: us department of treasury

Treasury Report Seeks to Deliver Regulatory Relief to Banks & Credit Unions

The US Department of Treasury is out with its first report in a series addressing regulatory reform regarding the financial services industry.  Due to the enormity of the task, Treasury will divide its review of the financial system into a series of reports. While Fintech… Read More

Request for Comments: Department of Treasury Asks for Feedback on Proposal to Have Crowdfunding Platforms Become More Like Broker-Dealers

Last week Crowdfund Insider reported that the Financial Crimes Enforcement Network (FinCEN), an arm of the Department of Treasury, had published a proposed rule change that will impact the nascent investment crowdfunding industry. The proposed change will require funding portals to adhere to the Bank Secrecy… Read More

Crowdfunding Portals or Broker Dealers: Department of Treasury Amends Definition of Broker Dealers to Accommodate Title III Platforms

The US Department of Treasury, via the Financial Crimes Enforcement Network (FinCEN), has published a proposed rule change that impacts the definition of a funding portal under Title III of the JOBS Act. This new rule-making would amend some definitions to include funding portals. Specifically,… Read More

The Regulatory Risk for Marketplace Lending is Rising

  As marketplace lending grows and matures it is natural, even expected, for policy makers and regulators to stand up and take notice. While in the overall world of finance direct online lenders are still relatively small, more and more frequently amounts are measured in… Read More

US Treasury Publishes Suspicious Activity Report Highlighting Crowdfunding Scams & Frauds

The US Department of Treasury, via its FinCen or Financial Crimes Enforcement Network, is ringing warning bells when it comes to rewards based crowdfunding. FinCen notes a rise in “suspicious activity reports” (SARs). In a report published this past week, FinCen spotlighted rewards based crowdfunding… Read More

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