Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Economic activity in seven Federal Reserve districts reported some level of increase while another five noted “flat or declining” activity – three more than in the prior reporting period, the Fed said in its July […]
An updated, 111-page list of nonmetropolitan middle-income geographies where revitalization or stabilization activities of banks are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by federal banking agencies. Revitalization or stabilization activities […]
Penalties of more than $135 million have been levied against the nation’s fourth largest bank for deficiencies in risk management and for failing to follow previous enforcement actions, two federal banking agencies said late Wednesday. […]
A La Jolla, Calif., bank and its holding company agreed to pay $63 million in civil money penalties (CMP) for “deficiencies” in monitoring of transactions related to crypto assets in compliance with anti-money laundering (AML) […]
Weaknesses related to derivative portfolios were identified in the “living wills” of four of the largest banks in the nation, with one of the banks having a “deficiency,” federal banking regulators said Friday, following the […]
A proposal to expand the operating days of the Federal Reserve Banks’ Fedwire Funds Service and the National Settlement Service (NSS), to include weekends and holidays, will now be open to comments until Sept. 6, […]
Wondering if you still have time? You do: Eighteen days (after today) remain of the public comment period for the Federal Reserve’s proposal to expand the Fedwire Funds Service and the National Settlement Service (NSS) […]
Failure to maintain effective risk management in partnerships with financial technology (fintech) companies has led to an enforcement action against an Arkansas banking firm and bank, the Federal Reserve said Friday. In a release, the […]
The latest stress tests results from the Federal Reserve will be released June 26, the agency said Thursday, from 32 of the largest banks in the country. The release in 20 days will also include […]
Coordinating with other regulators to address risks posed by blockchain technology, and requiring use of alternative data in underwriting loans made by financial technology (fintech) lenders are two outstanding “priority recommendations” to the Federal Reserve […]
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