Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A final rule from December identifying benchmark rates based on the Secured Overnight Financing Rate (SOFR) that will replace LIBOR (formerly known as the London Interbank Offered Rate) in certain financial contracts after June 30, […]
A fine of nearly $2.3 million has been levied against a New York bank for processing loans under a coronavirus pandemic recovery program despite signs that the applications contained “significant indications” of potential fraud, the […]
Higher borrowing costs due to inflation (and central bank actions to raise interest rates) have begun to dampen commercial lending, bankers told the Federal Reserve in response to its latest survey on current economic conditions. […]
Details on how this year’s pilot climate scenario analysis exercise with the six largest U.S. banks will be conducted were released by the Federal Reserve Board Tuesday in an instruction document for the participant institutions. […]
The Federal Reserve is not, “and will not be,” a “climate policymaker,” the chairman of the agency’s board told a conference in Sweden early Tuesday In a speech to the Symposium on Central Bank Independence […]
Crypto and digital assets, innovation in payments, climate change supervision, and changes to anti-redlining rules are among the items on the agenda for the Federal Reserve in the upcoming year, according to a member of […]
Findings of loan fraud related to the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act and misappropriation of bank funds are the basis of two consent prohibition orders against former bank employees announced Thursday […]
A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]
Eight members were recently appointed to the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC), which provides the board information, advice, and recommendations to the board on domestic and international insurance issues. The IPAC, which […]
A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]
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