Title: Community Reinvestment Act Subject: CRA modernization Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office […]
The announcement of an initiative to increase secured overnight financing rate (SOFR) options trading based on a “deep and liquid marketplace” by a derivatives exchange was applauded Thursday by the Federal Reserve group that established […]
A new proposed rule to update banks’ requirements under the anti-redlining Community Reinvestment Act (CRA) was issued jointly Thursday by the three federal banking regulatory agencies. Issuance of the proposed rule, out for a 90-day […]
A former Georgia banker charged with embezzling more than $69,000 from her bank was prohibited from serving at federally insured financial institutions after agreeing to a decree from the Federal Reserve, the agency said Thursday. […]
Implementing voice payments skills through smart devices, such as the Amazon Echo and Google Nest, is the aim of a legal and risk mitigation resource guide unveiled Tuesday by the group that oversees the national […]
Protecting older Americans against financial exploitation is the goal of a May 19 webinar hosted by the federal credit union regulator, the agency said Wednesday, adding that the federal consumer financial protection agency will also […]
Promoting responsible innovation in the federal banking system is the objective of virtual office hours scheduled by the national bank regulator for June 14-15, the agency said Wednesday. And, according to the Office of the […]
A $10 million penalty was ordered against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts, the federal consumer financial protection agency said. According to the Consumer Financial Protection Bureau […]
Nine out of 69 federally supervised banks evaluated recently for their efforts under the anti-redlining Community Reinvestment Act (CRA) were rated “outstanding,” according to information released Tuesday by regulators, while one was deemed “needs to […]
Banks’ small business lending practices and volumes are the subject of an online survey unveiled Tuesday by the federal insurer of bank deposits and the federal census agency, the two groups said in a release […]
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