Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Distributed ledger technology (DLT) and crypto-related products and services are either a low or not a priority for bank growth and development over the next two years, two thirds of banks told the Federal Reserve […]
Increased consumer usage of credit cards (revolving credit lines), and weakening residential loan demand in the face of higher mortgage interest costs, were reported by some banks in the latest Federal Reserve informal snapshot of […]
On identical bipartisan votes of 66-28, the seventh member of the Federal Reserve Board – giving the panel a full complement for the first time in years – was confirmed by the Senate Wednesday; a […]
Crypto-assets and markets must be subject to effective regulation and oversight commensurate to the risks they pose, both at the domestic and international levels, according to a statement issued Monday by the international body of […]
The next top supervisor for the Federal Reserve is expected to receive a confirmation vote Tuesday, according to the Senate executive calendar published Monday. Michael S. Barr, who was nominated by President Joe Biden (D) […]
Supporting the transition of legacy cash products using a defunct reference rate is the aim of a new guide released Monday by the group that developed and implemented an alternative to the obsolete rate. According […]
The launching of forward-looking rate versions of U.S. dollar interbank offered rate (USD IBOR) cash fallbacks by a large financial data provider was welcomed Monday by the group that developed the rate, the group said […]
The foundations for sound regulation of the crypto financial system must be established now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial […]
Violations of rules implementing federal flood insurance laws has cost a Massachusetts bank a fine of $17,000, the Federal Reserve said in an enforcement action issued Thursday. In a release, the Fed said Easthampton Savings […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
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