Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
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 […]
The Federal Reserve Board met three times this week, each instance in closed session, to consider a range of issues, including advance and discount rates. The meetings – held Monday, Tuesday and Wednesday – were […]
An enforcement action initiated in 2015 for “deficiencies relating to compliance” with anti-money laundering requirements has been terminated (as of July 18) against East West Bank, of Pasadena, Calif., the Federal Reserve said Tuesday. The […]
Federal Reserve Board Vice Chairman for Supervision Randal K. Quarles was sworn in to a 14-year term as a member of the board Monday. The oath of office was administered by Fed Chairman Jerome (“Jay”) […]
Factors other than asset size will need to be addressed in the Federal Reserve’s application of enhanced regulatory and supervisory standards for banks with $100 billion to $250 billion in assets as a result of […]
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