Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A Kentucky bank must pay about $4.75 million in restitution to 11,000 of its customers for offering deposit add-on accounts, but not telling consumers that all of the products would have no charge related to […]
Having received no comments so far, federal banking regulators are proceeding to the next step toward setting a three-year extension of a required report for U.S. branches and agencies of foreign banks. In the meantime, […]
High-level summaries of “pertinent supervisory issues” about consumer protection will be the content of a new publication launched Thursday by the Federal Reserve aimed at bankers and others interested in the issue, the agency said. […]
The Federal Reserve Board’s oversight of insurance savings and loan holding companies (ISLHCs) would be limited to avoid overlap with that of other regulators if a bill approved Tuesday by the House Financial Services Committee […]
A two-year-old enforcement action with a Chicago-based bank holding company and its subsidiary has been terminated, the Federal Reserve said Thursday. The action against Chicago Shore Corporation (CSC), and Security Chicago Corporation (SCS, which in […]
The Federal Reserve Board met three times this week, each instance in closed session, to consider a range of issues, including advance and discount rates. The meetings – held Monday, Tuesday and Wednesday – were […]
An enforcement action initiated in 2015 for “deficiencies relating to compliance” with anti-money laundering requirements has been terminated (as of July 18) against East West Bank, of Pasadena, Calif., the Federal Reserve said Tuesday. The […]
Federal Reserve Board Vice Chairman for Supervision Randal K. Quarles was sworn in to a 14-year term as a member of the board Monday. The oath of office was administered by Fed Chairman Jerome (“Jay”) […]
Factors other than asset size will need to be addressed in the Federal Reserve’s application of enhanced regulatory and supervisory standards for banks with $100 billion to $250 billion in assets as a result of […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
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