RegFacts from Mitratech's Continuity | September 2024

In this episode of our RegFacts briefing series, join our host and Mitratech's Senior Regulatory Compliance Advisor, Justin Cole, as he takes you through a high-level recap of what our team addressed in September 2024, including:

🔸 The FDIC's issuance on resolution plans and informational filings for large banks
🔸 OFAC's issuance of an interim final rule to amend their reporting procedures and penalties, extending record-keeping requirements for certain transactions from five to 10 years
🔸 The FRB's issuance on Regulation A, where they decreased the rate for primary credit at each Federal Reserve Bank by 50 basis points
🔸 The FRB's other issuance on Regulation D, where they decreased the rate of interest paid on balances maintained at Federal Reserve Banks by half a percent (to 4. 9 percent)
🔸 The FTC's issuance on the use of consumer reviews and testimonials, prohibiting specific unfair deceptive acts or practices
An action alert based on the sunsetting of the cyber security assessment tool (which will sunset on August 31, 2025) & so much more!

Explore Mitratech's Continuity regulatory technology for the financial services industry here: https://mitratech.com/resource-hub/pr...

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