Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, including requirements for reporting and record keeping.
USA PATRIOT Act: Federal legislation that expanded BSA requirements, particularly focusing on customer identification programs and enhanced due diligence procedures for financial institutions.
Truth in Lending Act (TILA): Federal law that requires clear disclosure of lending terms and costs to protect consumers in credit transactions and standardize the manner in which costs are calculated and disclosed.
Fair Credit Reporting Act (FCRA): Federal law that regulates the collection, dissemination, and use of consumer credit information, ensuring fair and accurate credit reporting.
Electronic Funds Transfer Act (EFTA): Federal law establishing the basic rights, liabilities, and responsibilities of consumers who use electronic money transfer services.
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices to customers and protect sensitive customer data.
State Banking Regulations: State-specific laws and regulations governing banking operations, procedures, and requirements within individual state jurisdictions.
State Notary Laws: State-specific requirements governing the proper execution and notarization of affidavits and other legal documents.
Federal Reserve Regulations: Rules and guidelines issued by the Federal Reserve System governing banking practices, monetary policy, and financial institution operations.
FDIC Regulations: Rules and requirements established by the Federal Deposit Insurance Corporation for insured banking institutions.
OCC Guidelines: Regulatory framework established by the Office of the Comptroller of the Currency for national banks and federal savings associations.
CFPB Requirements: Consumer protection regulations and guidelines established by the Consumer Financial Protection Bureau for financial institutions.
Federal Rules of Evidence: Rules governing the introduction and use of evidence in federal court proceedings, including requirements for affidavits.
FinCEN Requirements: Regulations established by the Financial Crimes Enforcement Network for reporting and compliance with anti-money laundering laws.
Know Your Customer (KYC) Regulations: Banking regulations and procedures required to verify the identity of clients and assess potential risks of illegal intentions in business relationships.
