Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A webinar on the new current expected credit loss (CECL) accounting standard that will cover “significant differences” credit unions and other financial institutions should expect once the standard takes full effect is set for April […]
Federal banking and credit union regulators – along with state supervisory authorities – will provide “appropriate regulatory assistance” to financial institutions they oversee that are affected by the massive flooding in the upper Midwest, the […]
Federal Reserve banks saw their earnings drop by nearly 22% in 2018 – or $17.6 billion — from the previous year, to $63.1 billion, the central bank reported Friday. In the Federal Reserve System’s annual […]
A Fintech Advisory Group formed to provide the Federal Reserve Bank of New York with perspectives and insight on financial technology (fintech) issues and their impacts on the markets – and the bank – was […]
Interchange fees across all debit and general-use prepaid cards (exempt and covered) totaled $20.73 billion in 2017, an increase of 5.9% since 2016, the Federal Reserve said Thursday. In its report, 2017 Interchange Fee Revenue, Covered […]
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 […]
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