Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Banks have a 36-month extension for recognizing activities that help to revitalize or stabilize Puerto Rico and the U.S. Virgin Islands via anti-redlining rules because of damages caused by Hurricane Maria in 2017, the federal […]
The Federal Reserve Board has a new vice chair and a full complement of seven members following the swearing in Wednesday of three newly Senate-confirmed governors for the central bank. Phillip N. Jefferson, Lisa D. […]
A central bank digital currency (CBDC) continues to be studied by the Federal Reserve, its top supervisor said Friday – but the official emphasized that the agency has made no decision yet and reiterated that […]
Adriana Kugler was confirmed to a 14-year term on the board of governors of the Federal Reserve Thursday, the first Hispanic to serve on the agency’s governing panel. Kugler was approved on a vote of […]
Phillip N. Jefferson was confirmed as the next vice chair of the Federal Reserve Wednesday by a Senate vote of 88-10. He replaces former Fed Gov. Lael Brainard in the role; Brainard resigned in February […]
Consumer loan balances rose during July and August, most bankers told the Federal Reserve, but other financiers cited mixed experiences in loan demand, according to a report released Wednesday. In its latest Beige Book, the […]
A slew of operations and other deficiencies, including deficiencies in compliance with anti-money laundering requirements, are enumerated in a Sept. 1 cease-and-desist consent order with Gardner Bancshares Inc. and its subsidiary Small Business Bank (both […]
A “town hall” on the FedNow service – the new electronic instant payments service officially launched by the Federal Reserve this summer – will be held Aug. 31 and feature representatives from financial institutions already […]
Regions Bank of Birmingham, Ala., was assessed a $2.95 million civil money penalty this month over unsafe and unsound practices in its flood insurance program, according to a consent order released Tuesday by the Federal […]
A Farmington, Wash., bank that served its rural community for more than 136 years is being closed for improperly changing its business plan without receiving prior approval for those changes from its supervisors, the Federal […]
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