Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Updates to four sections of the Bank Secrecy Act/anti-money laundering (BSA/AML) examination manual for financial institution examiners were announced Monday by the federal financial institution regulators’ umbrella examination council. The manual, published by the Federal […]
The three federal banking agencies were closed Friday, they announced in separate releases Thursday, in observance of the new federal Juneteenth National Independence Day holiday signed into law Thursday by President Joe Biden (D). The […]
Financial firms resulting from a merger will be limited to no more than approximately $2.1787 trillion in total consolidated assets under a revised financial sector liability measurement announced by the central bank that applies over […]
Public comments on proposed revisions to the Federal Reserve’s Regulation J, governing fund transfers, to incorporate rights and obligations of Federal Reserve Banks and participants of the Fed’s new round-the-clock instant payments service are due […]
Title: Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire Subject: Check collection, FedNow Agency: Federal Reserve Status: Final rule Summary: The Board is publishing final amendments to Regulation […]
A consent order issued in 2019 with SunTrust Bank (Atlanta) over unfair and deceptive practices as the bank prepared for a merger with BB&T Corporation (Winston-Salem, N.C.) was terminated Thursday by the Federal Reserve Board, […]
Stress test results intended to show whether banks are sufficiently capitalized to absorb losses and continue lending even in a hypothetical severe recession will be released by the Federal Reserve Board at 4:30 p.m. ET […]
Switching interdealer trading conventions from the current LIBOR to a new alternative rate developed (and promoted) by the Federal Reserve Bank of New York was recommended Tuesday by the federal agency overseeing the commodities markets. […]
A former personal banker who worked at a Phoenix, Ariz., branch of BBVA USA (Birmingham, Ala.) has been prohibited from participating in the affairs of any federally insured financial institution under a consent order announced […]
Coordination with other federal banking regulators on financial technology (fintech) firms’ use of alternative data, better communication on issues related to post-stress capital ratios, and a process to articulate certain risk tolerance levels are urged […]
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