Regulation D Convenience Transfer Limitation Dropped

On April 23, 2020, in an Interim Final Rule, the Federal Reserve dropped the convenient transfer limitations from savings deposit accounts of six per month, and now allows unlimited transfers from “savings deposits.” The effective date of the Rule will be 60 days from the date of publication in the Federal Register, but the applicability date was April 23, 2020. … Read More

March’s Regulatory Recap

March’s Regulatory Recap is now available here.  Let us know if we can help in any way. Please be advised that CSG provides financial services compliance audit and consulting services to our clients.  The services that we provide include certain tasks that may be characterized as “law-related services” under Rule 5.7 of the Rules of Professional Conduct governing lawyers.  Since … Read More