Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A Finnish bank has been granted permission to open a New York branch, the Federal Reserve announced late Friday, following the result of a merger between it and a Swedish institution. Nordea Bank Abp (“Nordea […]
A final rule adopted by the Federal Reserve Board in June, setting single-counterparty credit limits (SCCLs) for bank holding companies (BHCs) and foreign banking organizations (FBOs) with $250 billion or more in total consolidated assets, […]
The Treasury Department on Tuesday released its fourth and final report in a series that responds to the president’s 2017 executive order focusing on regulatory core principles, with this one offering recommendations to “support nonbank […]
The Federal Reserve Board on July 25 approved a revision and three-year renewal of its Financial Statements for Holding Companies, the FR Y-9 family of reports. The Fed issued a notice and request for comments […]
Half of Congress may be out for the summer (the House comes back on Sept. 4), but the Senate and federal financial institution regulators will be taking some actions next week – including the credit […]
A Kentucky bank must pay about $4.75 million in restitution to 11,000 of its customers for offering deposit add-on accounts, but not telling consumers that all of the products would have no charge related to […]
Having received no comments so far, federal banking regulators are proceeding to the next step toward setting a three-year extension of a required report for U.S. branches and agencies of foreign banks. In the meantime, […]
High-level summaries of “pertinent supervisory issues” about consumer protection will be the content of a new publication launched Thursday by the Federal Reserve aimed at bankers and others interested in the issue, the agency said. […]
The Federal Reserve Board’s oversight of insurance savings and loan holding companies (ISLHCs) would be limited to avoid overlap with that of other regulators if a bill approved Tuesday by the House Financial Services Committee […]
A two-year-old enforcement action with a Chicago-based bank holding company and its subsidiary has been terminated, the Federal Reserve said Thursday. The action against Chicago Shore Corporation (CSC), and Security Chicago Corporation (SCS, which in […]
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