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Fed keeps own counsel on CRA-reform proposal as OCC, FDIC push forward

December 13, 2019 0

The Federal Reserve remained mum Friday about its plans for modernizing the Community Reinvestment Act (CRA) the day after its sister federal banking regulators issued their own proposals for making changes to anti-redlining rules. Thursday, in separate actions, the Federal [...]
‘New framework’ for determining what makes a brokered deposit ‘brokered’ envisioned in proposal

December 13, 2019 0

A new framework for determining whether bank deposits placed through placement arrangements qualify as brokered deposits is part of a proposal issued by the Federal Deposit Insurance Corp. (FDIC) Board Thursday. Under the notice of proposed rulemaking on brokered deposit [...]