Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Four lending facilities created to support short-term funding markets amid the COVID-19 pandemic have been extended through March 31, 2021, the Federal Reserve announced Monday. The facilities – the Commercial Paper Funding Facility (CPFF), the […]
Reserve balances at banks ballooned by $1.4 trillion as the coronavirus crisis became apparent last spring, but that growth has plateaued since then and is expected to begin to shrink out of a concern for […]
Banks, “as soon as practicable,” should cease entering into new contracts that employ a widely used reference rate that is being phased out, the three federal banking agencies in a statement issued Monday. The recommendation is […]
Community banks that saw a surge of deposits during the coronavirus crisis – spurred in some cases by customers who received stimulus checks or funding through the Paycheck Protection Program – will receive some regulatory […]
The federal banking and credit union regulators Thursday released a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that offer services to charities and non-profits. The fact […]
The threshold at which annual assessment fees will be applied to bank holding companies (BHCs) and savings and loan holding companies (SLHCs) will rise from $50 billion to $100 billion in total consolidated assets under […]
Dollar thresholds for transactions exempt from consumer credit and lease rules will remain unchanged at $58,300 in 2021, the Federal Reserve and Consumer Financial Protection Bureau (CFPB) announced Tuesday. The exemptions are provided under Regulation […]
The threshold for exempting loans from special appraisal requirements applied to higher-priced mortgage loans under the Truth in Lending Act will remain at $27,200 in 2021, unchanged from this year’s threshold, according to an announcement […]
Confirmation of a controversial nominee to the Federal Reserve Board was blocked Tuesday by the Senate after the nominee could not achieve the bare number of votes. However, the vote could be brought up again […]
A Senate vote on confirmation of the president’s nomination of Judy Shelton to a seat on the Federal Reserve Board could come as early as Tuesday or Wednesday, with approval of the controversial figure considered […]
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