Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
“Significant deficiencies” in the financial condition of a San Francisco bank holding company, which owns a Minnesota bank, are cited in a cease-and-desist enforcement action taken by the Federal Reserve, announced Friday. According to the […]
Analyses that banking regulators conducted for many of the 22 major capital and liquidity rules issued in the wake of the 2007-09 financial crisis, through 2021, did not consistently reflect leading practices, the congressional watchdog […]
Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
Economic activity in seven Federal Reserve districts reported some level of increase while another five noted “flat or declining” activity – three more than in the prior reporting period, the Fed said in its July […]
An updated, 111-page list of nonmetropolitan middle-income geographies where revitalization or stabilization activities of banks are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by federal banking agencies. Revitalization or stabilization activities […]
Penalties of more than $135 million have been levied against the nation’s fourth largest bank for deficiencies in risk management and for failing to follow previous enforcement actions, two federal banking agencies said late Wednesday. […]
A La Jolla, Calif., bank and its holding company agreed to pay $63 million in civil money penalties (CMP) for “deficiencies” in monitoring of transactions related to crypto assets in compliance with anti-money laundering (AML) […]
Weaknesses related to derivative portfolios were identified in the “living wills” of four of the largest banks in the nation, with one of the banks having a “deficiency,” federal banking regulators said Friday, following the […]
A proposal to expand the operating days of the Federal Reserve Banks’ Fedwire Funds Service and the National Settlement Service (NSS), to include weekends and holidays, will now be open to comments until Sept. 6, […]
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