The Fed – Page 69 – Regulatory Report

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[ January 10, 2025 ] Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration FDIC
[ January 10, 2025 ] Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover Federal financial regulation
[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB

Framework for evaluating impact of climate change on banks’ risks will be needed, Fed’s Brainard indicates

December 18, 2020 0

How banks are taking into account climate-related risk in their modelling and management of credit, market, liquidity, and operational risks will require over time the development of a framework for evaluating their efforts, a Federal […]

Fed announces 2021 depository institutions advisory council membership

December 17, 2020 0

Members of the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC) for 2021 were announced in a release Thursdayy. This Fed council includes one member each from the local advisory councils at the 12 […]

Brainard talks CRA reform; focuses on metrics, assessment areas, community development

December 17, 2020 0

With about just under nine weeks left for public comments, the Federal Reserve Board’s point person on the agency’s Community Reinvestment Act (CRA) advance notice of proposed rulemaking (ANPR) focused her remarks before a banking […]

Fed names five new Consumer Advisory Council members for three-year terms

December 17, 2020 0

Five new members have been named to the Federal Reserve’s Consumer Advisory Council (CAC) and will begin three year-terms in January, the Fed announced Thursday. The CAC includes experts and representatives of consumer, workforce, and […]

Fed, FDIC raise asset-size thresholds for ‘small,’ ‘intermediate small’ banks for CRA exam purposes

December 17, 2020 0

The asset-size thresholds that determine what is a “small” or “intermediate small” bank for Community Reinvestment Act examination purposes will increase on Jan. 1 under action announced Thursday by the Federal Reserve and Federal Deposit […]

Fed extends swap lines, FIMA repo facilities to next September

December 16, 2020 0

Liquidity swap line and the “foreign and international monetary authorities” (FIMA) repo facilities of the Federal Reserve will live on through Sept. 30 of next year, the central bank said Wednesday, extending the service of […]

Fed Board joins global network focused on financial sector environment, climate risk management

December 15, 2020 0

The nation’s central bank has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, a group of central banks and supervisory authorities formed in 2017 that supports the […]

CRA data show 695 banks, savings institutions reported nearly $265 billion in small-biz loans in 2019

December 14, 2020 0

Banks and savings institutions reporting small-business lending data under the Community Reinvestment Act (CRA) said they originated and purchased an aggregate $264.9 billion in such loans during 2019, according to data made available Monday by […]

Fed, OCC to provide ‘no-action’ relief for certain legacy swaps affected by Brexit

December 11, 2020 0

A period of “no-action” relief for certain noncleared legacy swaps affected by “Brexit” – or the United Kingdom’s (UK) withdrawal from the European Union (EU) – and the expiration of certain “passporting” rights was announced […]

Fed unveils new charts to illustrate FOMC members’ judgments on uncertainty, risk

December 11, 2020 0

New, illustrative charts that aim to graphically display judgments of uncertainty and risks by Federal Reserve rate-setting committee members related to their projections of change in key economic indicators were released Friday by the agency. […]

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Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration

January 10, 2025 0

Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded approach” to innovation and technology, [...]
Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

January 10, 2025 0

Requirements that apply to emerging payment mechanisms – such as those used in video gaming platforms — are the subject of a proposed interpretive rule issued Friday by the federal consumer financial protection agency. The proposal looks at such payment [...]
Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]