Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Public comments on proposed revisions to the Federal Reserve’s Regulation J, governing fund transfers, to incorporate rights and obligations of Federal Reserve Banks and participants of the Fed’s new round-the-clock instant payments service are due […]
A consent order issued in 2019 with SunTrust Bank (Atlanta) over unfair and deceptive practices as the bank prepared for a merger with BB&T Corporation (Winston-Salem, N.C.) was terminated Thursday by the Federal Reserve Board, […]
Title: Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire Subject: Check collection, FedNow Agency: Federal Reserve Status: Proposed rule Summary: The Board is proposing amendments to Regulation J […]
Switching interdealer trading conventions from the current LIBOR to a new alternative rate developed (and promoted) by the Federal Reserve Bank of New York was recommended Tuesday by the federal agency overseeing the commodities markets. […]
Stress test results intended to show whether banks are sufficiently capitalized to absorb losses and continue lending even in a hypothetical severe recession will be released by the Federal Reserve Board at 4:30 p.m. ET […]
Coordination with other federal banking regulators on financial technology (fintech) firms’ use of alternative data, better communication on issues related to post-stress capital ratios, and a process to articulate certain risk tolerance levels are urged […]
The nation’s central bank said it plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that ceased its purchases of eligible assets Dec. 31. […]
A former personal banker who worked at a Phoenix, Ariz., branch of BBVA USA (Birmingham, Ala.) has been prohibited from participating in the affairs of any federally insured financial institution under a consent order announced […]
A single interest on reserve balances (IORB) rate will replace two former rates under a final rule amending Regulation D announced Tuesday by the Federal Reserve. The rule takes effect July 29; it contains no […]
Steps that should be taken now and through the rest of the year by those with exposure to soon-to-be-defunct LIBOR are outlined in a “roadmap” issued Wednesday by an international group of financial regulators. In […]
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