The Senate Tuesday confirmed the nomination of Richard Clarida as vice chairman of the Federal Reserve Board, on a vote of 69-26. He is positioned to join the board immediately, and certainly before the next […]
Guidance regarding the role of informal or implied expressions of support from foreign governments in determining a borrower’s obligor and facility credit risk ratings was issued for banks and thrifts by the Office of the […]
A federal charter and share insurance fund coverage for the new Everest Federal Credit Union (Jackson Heights, N.Y.), a credit union serving Nepali Americans, has been granted by the National Credit Union Administration, the agency […]
Comments on the best ways to modernize the regulatory framework implementing the anti-redlining Community Reinvestment Act (CRA) are being sought in an advance notice of proposed rulemaking (ANPR) released Tuesday by the regulator of national […]
The Federal Financial Institutions Examination Council (FFIEC) panel that oversees state appraisal programs is moving this fall, according to a notice published Tuesday. As announced through “nonsubstantive amendments” to its regulations, the FFIEC Appraisal Subcommittee […]
An interim final rule facilitating the transfer of ownership of small community banks by allowing their holding companies to operate with higher levels of debt than would normally be permitted was issued Tuesday by the […]
Three advisory panels established under the 2010 financial reform law that also created the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) have been pared down in membership slots to six each, according […]
Interim final rules that are expected to qualify another 420 banks and savings associations for an extended, 18-month exam cycle take effect Wednesday, according to notices published jointly by federal banking agencies. The rules, published in the […]
Revisions to reporting of home mortgage data, reflecting changes made under this spring’s regulatory relief legislation (and consistent with changes made by the federal consumer financial protection agency) are being proposed by the Federal Reserve, […]
Acting in anticipation of data breaches (and in response to an overall federal plan), the Federal Reserve is proposing to revise its general routine uses of systems of records, including adding a new “routine use” […]
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