Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
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 […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
The House on Thursday completed consideration and passed a House appropriations financial services bill nearing that reflects provisions similar to some contained in the recently unveiled JOBS Act 3.0, including modifications of banking organizations’ living […]
The Federal Reserve Board on Thursday announced it had terminated enforcement actions issued in 2011 and 2009, respectively, against bank holding companies Community Banks of Georgia, Inc. (CBGI) of Jasper, Ga., and Grand Mountain Bancshares, […]
Implementation of the “secured overnight financing rate” (SOFR) – meant to supplant the London Interbank Offered Rate (LIBOR), and in existence only three months – is ahead of schedule, the Federal Reserve’s top supervisor said […]
Following the Senate’s confirmation Tuesday of a 14-year term for one member of the Federal Reserve Board, the White House Wednesday called for immediate action on the three other board nominees now awaiting confirmation. White […]
The Federal Reserve has a “unique opportunity” resulting from new legislation to further tailor its supervision and regulatory framework for large banks – but how it employs that opportunity will be subject to debate, the […]
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