The Fed – Page 117 – Regulatory Report

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[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB
[ January 7, 2025 ] CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines CFPB
[ January 7, 2025 ] Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator NCUA

Debit interchange transaction fee survey revisions proposed by Fed

August 9, 2019 0

(Updated Aug. 12, 2019) An interchange transaction fee survey that is completed annually by debit card issuers and payment card networks and submitted to the Federal Reserve would be renewed for three years with revisions […]

Fed reduces rates paid to Reserve Banks on primary, secondary credit

August 9, 2019 0

The rates depository institutions must pay the Federal Reserve Banks for primary and secondary credit extensions were both reduced by a quarter percentage point in July and were applicable Aug. 1, according to a Federal […]

Fed publishes cut in interest paid on Reg D reserves

August 9, 2019 0

Interest rates paid to banks are reduced by 25 basis points for reserve balance requirements and excess balances under a final rule by the Federal Reserve, according to a notice filed with the Federal Register […]

Fed faster-payments proposal in Federal Register Friday, out for 90-day comment period

August 8, 2019 0

The Federal Reserve’s plan to develop a round-the-clock, real-time payment settlement service – FedNow – is explained in detail in a notice for comment slated for publication in the Federal Register Friday, with a 90-day public […]

Fed proposes renewal, additions to SLHC registration statement

August 7, 2019 0

The form used by savings and loan holding companies (SLHCs) to register with the Federal Reserve Board is up for renewal, and the Fed is proposing to add a several items to this information collection […]

For first time in five months, Powell calendar draws a blank on meeting with Trump

August 7, 2019 0

Taking an apparent break from what had been (at least) a monthly exchange for four straight months, the June calendar for the chair of the Federal Reserve, released Wednesday, showed no meetings or conversations with […]

Some banks tightened standards for commercial RE loans in ‘all categories’ during 2nd quarter, survey shows

August 5, 2019 0

Domestic banks responding to the Federal Reserve’s July senior loan officer opinion survey reported tightened standards over the past three months across all three major commercial real estate (CRE) loan categories – construction and land […]

Brainard: Everyone deserves immediate, secure payments – banks deserve opportunity to offer that service

August 5, 2019 0

Everyone deserves the same ability to make and receive payments immediately and securely, and every financial institution deserves the same opportunity to offer that service to its community, the Federal Reserve governor overseeing the agency’s […]

Fed sets eyes on round-the-clock payment service, available by 2023-24

August 5, 2019 0

A new, round-the-clock real-time payment settlement service will be developed by the nation’s central bank, becoming available in four to five years, the agency said Monday. The new service from the Federal Reserve will be […]

With decision from Fed pending on ‘faster payments,’ key governor plans speech on ‘payments systems’

August 2, 2019 0

“Payment systems” is the topic a speech scheduled for Monday by Federal Reserve Board Gov. Lael Brainard in Kansas City, following closely on the heels of comments by the Fed’s board chairman this week that […]

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Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]
Fed’s top supervisor announces resignation effective next month in advance of new president

January 6, 2025 0

The top regulatory supervisor for the Federal Reserve will step down from his post in late February but will remain on the board of the agency as he continues to fill his board term which runs to the next decade, [...]
CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans

January 6, 2025 0

A suit filed Monday by the federal consumer financial protection agency says that a financing unit of Clayton Homes, Inc. – the largest manufactured home builder in the U.S. and a wholly owned subsidiary of Berkshire Hathaway, Inc. – provided [...]
Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings

January 3, 2025 0

Five banks – including eighth largest in the nation — were rated “outstanding” in their lending to low- and moderate-income (LMI) borrowers following examinations for anti-redlining rules; one bank was rated “needs improvement,” according to results for October released Friday [...]