Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
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 […]
A new rule establishing settlement times for debits and credits to banks’ Federal Reserve accounts for certain transactions was issued Wednesday by the agency, it said in a release. The Federal Reserve said the rule […]
Credit market risks have remained low in sectors targeted by lending programs set up by the Federal Reserve in response to the coronavirus crisis, although some risks remain, and the loans themselves have generally performed […]
Shortcomings in resolution plans (or “living wills”) for two very large banks were identified by two federal bank regulators, with the agencies calling on the banks to take actions (in one case by May 31, […]
Assets of less than $1.053 billion would define the size of a “small bank” under anti-redlining rules for 2023, and assets of at least $376 million would define an “intermediate small bank” under those rules, […]
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, 2023 is the aim of […]
An additional month was added Thursday to the comment period on an advance notice of proposed rulemaking focused on the orderly resolution of large banks, issued jointly in October by the Federal Reserve and Federal […]
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