Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
M&T Bank of Buffalo, N.Y., was assessed a $546,000 civil money penalty Oct. 14 by the Federal Reserve over what the Fed called the bank’s “pattern or practice of violations” of Fed rules implementing the […]
The regulatory framework for banks that was established after the last financial crisis – the “global financial crisis” of 2008-10 – withstood the financial impact of the coronavirus crisis, the Federal Reserve’s top supervisor said […]
A ”concrete set of proposals” for addressing non-bank financial institutions’ (NBFI) growth as financial intermediaries will be presented to the G20 Summit next month, the Federal Reserve’s top supervisor said Wednesday. Federal Reserve Board Vice […]
The recession resulting from the financial impact of the coronavirus crisis was the deepest one since the end of World War II, the vice chair of the Federal Reserve said Wednesday – but it may […]
Technical and “clarifying” updates to the information availability rules followed by the Federal Reserve’s interest rate-setting committee were proposed by the agency Wednesday. According to the Fed, the proposal updates the procedures for requesting access […]
An exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and credit unions and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies […]
A final rule temporarily lowering the community bank leverage ratio (CBLR) threshold to 8% through 2020 and transitioning it to 9% by 2022 is slated for publication Friday in the Federal Register. The final rule, […]
A $400 million civil money penalty (CMP) against Citbank, N.A., of Sioux Falls, S.D., was announced late Wednesday by the federal regulator of national banks, along with an enforcement action against the bank’s New York-based […]
In another sign of an economy slowing down, the Federal Reserve Wednesday said consumer credit decreased at a seasonally adjusted annual rate of 2% in August after seeing growth in the two previous months. According […]
An interim final rule implemented in March and finalized in August to ensure against abrupt, automatic regulatory restrictions on banks’ capital distributions is finally making it into the Federal Register. Slated to publish in the […]
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