The Fed – Page 79 – 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

Report: Families fared better in July than April, but uncertainty over jobs/work continues

September 18, 2020 0

U.S. families reported they were doing better in July than they were in April, but uncertainty over layoffs and prospects for returning to work were still afflicting many, the results of a Federal Reserve survey […]

Second round of stress tests to be conducted in response to continued uncertainty over economy

September 18, 2020 0

Hypothetical scenarios for a second round of bank stress tests – to be conducted due to continued uncertainty related to the coronavirus crisis – were released Thursday by the Federal Reserve. The Fed said that […]

UPDATED: Proposed CRA action slated by Fed in open meeting Monday; Brainard speech follows

September 16, 2020 0

An advance notice of proposed rulemaking (ANPR) on the Community Reinvestment Act (CRA) regulation is up for Federal Reserve Board consideration next Monday during an open meeting, according to a notice posted on the Fed’s […]

Fed final rule on FIs’ sharing of confidential supervisory info kicks in next month

September 15, 2020 0

A final rule announced in July that removes some previous restrictions on financial institutions’ sharing of confidential supervisory information (CSI) under Freedom of Information Act (FOIA) requirements was published in the Federal Register Tuesday and […]

Report: Senate GOP leadership concedes Shelton short of votes for confirmation to Fed Board (at least for now)

September 15, 2020 0

Federal Reserve Board Nominee Judy Shelton “does not have the votes” to be confirmed to the seat, according reports Tuesday citing a member of the Republican Senate leadership team. According to the report, Sen. John […]

Fed taps long-time staffer as new leader of division advising on monetary policy

September 14, 2020 0

A veteran of the Federal Reserve, who is being hailed as offering “keen insights and advice” that are “indispensable” to interest-rate policy setters at the agency, is the next leader of monetary affairs for the […]

Fed terminates 2014 enforcement action with Allied First Bancorp

September 11, 2020 0

A June 2014 enforcement action with Allied First Bancorp, Inc., of Oswego, Ill., that charged the bank holding company with, among other things, ensuring its subsidiary bank complied with an order finding unsafe and unsound […]

Comment deadline on proposed flood insurance Q&A update pushed to Nov. 3

September 8, 2020 0

Federal regulators have extended until Nov. 3 the public comment deadline on their proposed update to interagency questions and answers regarding flood insurance, the agencies announced recently. In a Sept. 1 release, the regulators – […]

Whoops: Goldman, Morgan Stanley see their common equity capital requirements shaved due to error in Fed calculations

September 8, 2020 0

Capital requirements for two banks were revised as a result of corrected stress test results that stemmed from an error in projected trading losses, the Federal Reserve said Friday. In a release, the central bank […]

Fed revises monetary policy framework to focus on inflation ‘over time’

August 27, 2020 0

The Federal Reserve on Thursday announced changes in how it manages its targets for maximum employment and price stability, a decision informed by trends following the global financial crisis and discussed in a speech by […]

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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 [...]