Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
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 […]
Title: Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income Subject: Eligible retained income Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, and FDIC (together, the agencies) are adopting […]
The Federal Reserve has reached out to about 26,000 financial firms from around the country urging them to participate in the Fed’s 2020 Census of Finance Companies and Other Lenders, the central bank announced Tuesday. […]
Title: Capital Planning and Stress Testing Requirements for Large Bank Holding Companies, Intermediate Holding Companies and Savings and Loan Holding Companies Subject: Capital planning, stress testing Agency: Federal Reserve Status: Final rule Summary: The Board […]
Policymakers should continue to do what they can to manage “downside risks” to the economy’s outlook – including taking additional action to stimulate or protect the economy – particularly since the future remains “highly uncertain,” […]
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