In April 2025, the California Department of Financial Protection and Innovation (DFPI) issued a Consent Order against Hatch Bank requiring its Board of Directors to strengthen its supervision and direction of bank management, and its monitoring of the bank's AML/CFT program. Hatch Bank is a state-chartered, FDIC-insured, Banking as a Service (BaaS) sponsor bank.

VIDEO: What is Redlining?

In this Compliance Clip (video), Adam explains what redlining is. In particular, Adam discusses the different definitions provided by the regulators as well as the different forms of redlining. A transcript of this video is now available.

On April 29, 2025, the Consumer Finance Monitor reported that the U.S. Circuit Court of Appeals for the District of Columbia has upheld a temporary injunction issued by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia. On April 18, Judge Jackson issued an order after finding that the CFPB's firings affected more employees than a layoff plan she had tried to stop earlier in the case. 

VIDEO: Filing a CTR on an Entity

In this Compliance Clip (video), Adam explains how to properly file a Currency Transaction Report (CTR) for an entity, clarifying the definition of "person" in regulatory terms. A transcript of this video is now available.

On April 24, 2025, the San Diego Union-Tribune reported that a San Diego Judge blocked the FinCEN order to require money services businesses to report transactions above $200 but not more than $10,000, but only in seven San Diego County ZIP codes. On March 11, 2025, FinCEN issued the notice requiring certain money services businesses along the southwest border of the United States to report and retain records of transactions in currency of more than $200 but not more than $10,000, and to verify the identity of persons presenting such transactions. 

On April 16, 2025, FinCEN updated its set of FAQs regarding its updated Geographic Targeting Order involving certain money services businesses in California and Texas on the southwest border. On March 24, 2025, FinCEN issued a set of Frequently Asked Questions in relation to the March 11 GTO requiring all money services businesses located in 30 ZIP Codes across California and Texas to file additional Currency Transaction Reports (CTRs) with FinCEN for transactions above $200 but not more than $10,000.