The Fed

2017 order citing BB&T Corp.’s BSA/AML deficiencies terminated

April 18, 2019 0

The Federal Reserve Board on Thursday announced the termination of a January 2017 cease-and-desist order against BB&T Corp. of Winston-Salem, N.C., over the firm’s “significant” Bank Secrecy Act/anti-money laundering (BSA/AML) deficiencies. The consent order, signed […]

The Fed

Fed Board to consider proposal on control rules

April 16, 2019 0

The details of what sort of relationship constitutes control of a bank by another firm will be considered at an open meeting the Federal Reserve Board next week, the agency said Tuesday. The meeting, set […]

The Fed

Supervision must not hinder innovation, Fed governor asserts

April 12, 2019 0

Bank regulators need to create a supervisory environment that does not hinder integration of responsible innovation into the strategic direction a bank chooses, the Federal Reserve’s community bank representative said Thursday. “Supervisors need to recognize […]

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