Comprehensive Guide to U.S. Bank Regulations

Table of Contents

1. Anti-Money Laundering (AML)
2. Customer Due Diligence (CDD)
3. Politically Exposed Person (PEP) Status
4. Sanctions Screening
5. Transaction Monitoring
6. Suspicious Activity Reporting (SAR)
7. Documentation
8. Cybersecurity

U.S. Federal Laws and Regulations

• Americans with Disabilities Act (ADA)
• Bank Service Company Act
• Community Reinvestment Act
• Consumer Financial Protection Act
• Coronavirus Aid, Relief and Economic Security Act (CARES Act)
• Credit Card Accountability Responsibility and Disclosure Act
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Economic Growth, Regulatory Relief and Consumer Protection Act
• Electronic Fund Transfer Act (Reg E)
• Equal Credit Opportunity Act (Reg B)
• Expedited Funds Availability Act (Reg CC)
• Fair and Accurate Credit Transactions Act
• Fair Credit Reporting Act (Reg V)
• Fair Debt Collection Practices Act
• Fair Housing Act
• Federal Reserve Act
• Flood Disaster Protection Act
• Garnishment Rule
• Home Mortgage Disclosure Act (Reg C)
• Homeowners’ Loan Act
• Military Lending Act
• NACHA International ACH Transaction Rule
• Real Estate Settlement Procedures Act
• Right to Financial Privacy Act
• Servicemembers Civil Relief Act
• Telephone Consumer Protections Act
• Truth in Lending Act (Reg Z)
• Truth in Savings Act (Reg DD)
• Unlawful Internet Gambling Act (Reg GG)

Conclusion

Compliance with U.S. bank regulations is essential to prevent breaches and maintain a secure financial system. This comprehensive guide provides an overview of the key regulations and laws applicable to banks, including AML, CDD, sanctions screening, transaction monitoring, suspicious activity reporting, documentation, cybersecurity, and consumer safeguards. By understanding these regulations, banks can ensure compliance and protect their customers’ sensitive information.