Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Paul A. Volcker believed “there was no higher calling than public service,” the current chair of the Federal Reserve said of his predecessor in the position, who died Sunday at age 92. Current Board Chair […]
The nation’s top regulator of federally chartered banks failed to appear before a House committee’s oversight hearing with other regulators Wednesday, leaving his written statement to speak for him on a variety of key issues, […]
The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]
An enforcement action related to foreign exchange operations against Bank of America taken in 2015 has been terminated as of Nov. 22, the Federal Reserve said Tuesday. The four-year action, which, when applied on May […]
Banks are no longer required to file suspicious activity reports (SAR) for customers solely because they are legally growing hemp, according to a statement published Tuesday by federal banking agencies, federal law enforcement and state […]
Fees will increase an average 2.4% for payment services under an approved fee schedule for 2020, the Federal Reserve announced Wednesday. The Fed said its board approved the fee prices for Federal Reserve Banks that […]
Active use of macroprudential tools such as the countercyclical buffer is “vital” to enable monetary policy to remain focused on the Federal Reserve’s dual mandate, a Fed Board governor told a gathering Tuesday in New […]
U.S. banking organizations continue to maintain strong capital and liquidity levels, with healthy loan growth and continued profitability, the Federal Reserve said in a report issued Tuesday. In its latest financial supervision and regulation report, […]
Predominantly rural counties that are less economically advantaged and have residents with lower levels of education experienced “considerable declines” in the number of bank branches closed between 2012 to 2017, according to a report issued […]
Pace University on Friday won the 16th annual national College Fed Challenge, a competition held by the Federal Reserve to encourage students to learn about the U.S. economy, monetary policymaking and the Fed’s role. The […]
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