Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Adoption or use of some alternative interest rate references to replace the soon-to-be-defunct LIBOR may pose safety and soundness reputational risks, according to a letter sent Thursday to Federal Home Loan Banks (FHLBs) from their federal […]
An extension to July 30 for the Federal Reserve’s Paycheck Protection Program Liquidity Facility (PPPLF) announced recently is aimed at giving financial institutions added processing time to pledge to the facility any PPP loans that […]
An $8,000 civil money penalty was assessed against First Vision Bank, Tullahoma, Tenn., on June 30 over the bank’s pattern or practice of violations of rules (Regulation H) implementing the National Flood Insurance Act (NFIA), […]
A new tool aimed at helping smaller banks calculate their allowances under the new current expected credit loss (CECL) accounting standard was unveiled by the Federal Reserve Thursday. The Fed said the spreadsheet-based tool – dubbed […]
An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]
Anyone seeking a Federal Reserve ally for a central bank digital currency (CBDC) should look beyond the agency’s top supervisor, Randal Quarles – in his view, it’s not likely to happen. In a speech Monday, […]
A list of distressed or underserved nonmetropolitan middle-income geographies for 2021 – the areas where revitalization or stabilization activities are eligible for anti-redlining community development designation — was released Friday by two federal banking agencies. […]
Issues relating to the concept of resolution of a central counterparty (CCP) — an entity that aims to help facilitate trading in various European derivatives and equities markets – was the focus of a virtual […]
The 23 banks that participated in the 2021 stress tests by the Federal Reserve demonstrated continued strong capital levels and the continued ability to lend during a hypothetical severe recession, the Fed said Thursday. It […]
An initiative of the nation’s central bank to glean feedback from groups and communities that has informed its policy discussions will continue in 2021, focusing on input from individuals, households, and communities about the economic […]
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