Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A December 2018 cease-and-desist order regarding Bank Secrecy Act/anti-money laundering deficiencies of Commercial State Bank, Andrews, Texas, has been terminated, the Federal Reserve Board announced Thursday. The consent order, also signed by Texas’ state banking […]
The asset cap imposed on Wells Fargo Bank will remain in place, the chairman of the Federal Reserve Board said Wednesday, until the bank satisfies the Fed it has taken action to correct the environment […]
Twenty-two payments industry leaders and subject matter specialists – from banks, credit unions, payments system vendors, Treasury and others – have been named to the Federal Reserve-sponsored Fraud Definitions Work Group, the latest initiative in […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Federal Reserve Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the […]
Financial institutions and payment organizations should watch their mailboxes for invitations being sent this month to participate in the Federal Reserve’s triennial payments study – which will actually be two studies in one, the central […]
Qualifying swaps may be transferred from a United Kingdom entity to an affiliate in the European Union or the United States without triggering new margin requirements under an interim final rule issued Friday by the […]
The proposed merger of BB&T Corporation (Winston-Salem, N.C.) with SunTrust Banks, Inc. (Atlanta, Ga.) will be discussed publicly April 25 and May 3 during meetings held jointly by the Federal Deposit Insurance Corp. (FDIC) and […]
Legislation clarifying who among the Federal Reserve’s leaders testifies before Congress on the central bank’s supervisory efforts passed the House Monday on a voice vote; it now heads to the Senate. H.R. 974, the Federal […]
Federal Reserve Board Gov. Lael Brainard on Tuesday reiterated the importance of the Community Reinvesment Act’s (CRA) focus on place and noted ideas offered for CRA rule changes that could include expanded assessment areas once […]
Two former senior employees of a Wall Street giant were prohibited permanently from participating in the affairs of a bank Tuesday after participating in an alleged scheme to divert billions from a Malaysian sovereign wealth […]
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