Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Phillip N. Jefferson was confirmed as the next vice chair of the Federal Reserve Wednesday by a Senate vote of 88-10. He replaces former Fed Gov. Lael Brainard in the role; Brainard resigned in February […]
Consumer loan balances rose during July and August, most bankers told the Federal Reserve, but other financiers cited mixed experiences in loan demand, according to a report released Wednesday. In its latest Beige Book, the […]
A slew of operations and other deficiencies, including deficiencies in compliance with anti-money laundering requirements, are enumerated in a Sept. 1 cease-and-desist consent order with Gardner Bancshares Inc. and its subsidiary Small Business Bank (both […]
A “town hall” on the FedNow service – the new electronic instant payments service officially launched by the Federal Reserve this summer – will be held Aug. 31 and feature representatives from financial institutions already […]
Regions Bank of Birmingham, Ala., was assessed a $2.95 million civil money penalty this month over unsafe and unsound practices in its flood insurance program, according to a consent order released Tuesday by the Federal […]
A Farmington, Wash., bank that served its rural community for more than 136 years is being closed for improperly changing its business plan without receiving prior approval for those changes from its supervisors, the Federal […]
Federal and Hawaii state financial institution regulators pledged Thursday to provide appropriate regulatory assistance to supervised banks and credit unions affected by the Hawaii wildfires. In a joint statement, the agencies – the Federal Reserve […]
Financial vulnerabilities of the U.S. financial system were described as “notable” by Federal Reserve staff participating in the July meeting of the Federal Open Market Committee (FOMC), the Fed’s monetary policy-setting arm. Leverage in the […]
Novel activities at banks — including “complex, technology-driven partnerships with non-banks to deliver banking services to customers” –received some additional supervision information late Tuesday from the Federal Reserve. The “novel activities,” the agency added, also […]
“Priority recommendations” made by the congressional watchdog – and not yet addressed – for the three federal banking regulators are outlined in reports issued by the agency Tuesday. According to the reports issued by the […]
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