In another sign of an economy slowing down, the Federal Reserve Wednesday said consumer credit decreased at a seasonally adjusted annual rate of 2% in August after seeing growth in the two previous months. According […]
An interim final rule implemented in March and finalized in August to ensure against abrupt, automatic regulatory restrictions on banks’ capital distributions is finally making it into the Federal Register. Slated to publish in the […]
Title: Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income Subject: Eligible retained income Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, and FDIC (together, the agencies) are adopting […]
The Federal Reserve has reached out to about 26,000 financial firms from around the country urging them to participate in the Fed’s 2020 Census of Finance Companies and Other Lenders, the central bank announced Tuesday. […]
Title: Capital Planning and Stress Testing Requirements for Large Bank Holding Companies, Intermediate Holding Companies and Savings and Loan Holding Companies Subject: Capital planning, stress testing Agency: Federal Reserve Status: Final rule Summary: The Board […]
An advisory panel that focuses on ways to expand access to banking services by underserved populations is set to meet publicly via webcast Oct. 22 to discuss, among other things, the impact of the COVID-19 […]
Telling money launderers to “beware” that the Treasury’s anti-money laundering (AML) division has many ways to thwart criminals trying to hide illicit cash, the congressional watchdog Tuesday published a digest of two recent reports from […]
Policymakers should continue to do what they can to manage “downside risks” to the economy’s outlook – including taking additional action to stimulate or protect the economy – particularly since the future remains “highly uncertain,” […]
Companies and others can earn an early way out of actions taken against them through consent orders by the federal consumer financial protection agency under a new policy announced Monday. In a release, the Consumer […]
Sixty-eight “satisfactory” and six “outstanding” ratings were awarded to banks in July for their performance under rules implementing the anti-redlining Community Reinvestment Act (CRA), according to the October list of banks examined for CRA compliance […]
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