Randal Quarles

Vice Chairman for Supervision, Federal Reserve Board

October 5, 2017 Federal financial regulation 0

INFO, BACKGROUND ON RANDAL QUARLES

BIRTH DATE	Sept. 5, 1957
POSITION	Vice Chairman for supervision, Federal Reserve Board
EDUCATION	Columbia University Yale University (school of law)
EXPERIENCE	Government: 2005-06: Under Secretary of the Treasury for Domestic Finance 2002-05: Assistant Secretary of the Treasury for International Affairs 2001-02: U.S. Executive Director, International Monetary Fund 1990-93: Special Assistant to the Secretary of the Treasury for Banking Legislation; Deputy Assistant Secretary of the Treasury for Financial Institutions Policy Other: 2014 to present: Cynosure Group 2006-14: Carlyle Group 1993-2001:Davis Polk & Wardwell 1984-90: Davis Polk & Wardwell

Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]
Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

November 18, 2024 0

A final rule aimed at providing a “sharper scalpel” of penalty and enforcement provisions to rules governing foreign investment in the United States was issued Monday by the Treasury Department, the agency said. The rule enhances “certain procedures” of the [...]
More days allowed for commenting on deposit insurance recordkeeping for custodial accounts

November 18, 2024 0

Forty-five more days are now available for commenting on the proposed deposit insurance recordkeeping rule for banks’ third-party (custodial) accounts, the federal insurer of bank deposits said Monday. With the addition of 45 days, the comment period now extends to [...]

Related