“An ANPR is not a regulation or even a proposed one, its purpose is for regulators and government agencies to solicit comments from the public on a wide range of questions,” said Mayra Rodriguez Valladares of MRV Associates, a regulatory consultancy. “Until financial institutions are fined a lot more, closed down, and those who look away are hauled off in handcuffs, no ANPR or even bad headlines will do much.”

Read More