Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A final rule aimed at limiting the “interconnectedness” of large banking organizations approved by federal banking regulators is set to take effect April 1. Published Wednesday in the Federal Register, the final rule revises the […]
A former Kentucky banker has been prohibited from future service in a federally insured financial institution following approval of an insider loan and unauthorized access of information of at least two of her bank’s customers, […]
A consent order citing deceptive acts or practices related to balance transfer credit cards offered through third parties by Mid America Bank & Trust Company in Dixon, Mo., was terminated Tuesday by the Federal Reserve […]
Two candidates have been renominated by the White House to lead federal financial institution regulators – but Senate action on those nominations most likely will have to take place by Jan. 20 in order for […]
The federal banking agencies have extended, to Jan. 1, 2022, temporary “no-action” relief for applying Regulation O to companies that manage funds investing in banking organizations. The action by the agencies extends relief provided last […]
References to an “interest on required reserves” (“IORR”) rate and to an “interest on excess reserves” (“IOER”) rate would be replaced with a single “interest on reserve balances” (“IORB”) rate under a proposal for amending […]
Credit Suisse has 90 days to provide the Federal Reserve Bank of New York an acceptable plan for strengthening oversight of Bank Secrecy Act/anti-money laundering (BSA/AML) compliance across its U.S. operations under an order announced […]
The countercyclical capital buffer (CCyB) that the Federal Reserve uses to increase the resilience of the financial system during times of heightened risk will remain at 0%, the Federal Reserve Board decided Friday. The CCyB […]
Large banks saw their losses rise to more than $600 billion under conditions simulated under a second stress test conducted by the Federal Reserve – but the banks’ capital ratios, despite the losses, would continue […]
The newest member of the Federal Reserve Board of Governors has now taken his seat after taking the oath of office Friday via a video call, leaving just one seat open on the seven-member board. […]
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