The Fed
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The Fed
Fed begins process to fill EGRRCPA-mandated insurance panel, seeks ‘statements of interest’ in serving
A new Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues is being formed by the Federal Reserve Board under requirement of last year’s regulatory relief law, and the Fed is seeking […]
The Fed
Fed Board delegates added authorities to Reserve Banks
A final rule bestowing added authorities on the Federal Reserve Banks to approve certain types of applications, notices and requests is slated to take effect Wednesday, according to a Federal Reserve Board notice of final […]
The Fed
Fed sets aggregate financial sector liabilities; figure is used to cap financial firms’ growth
A measurement used to ensure that no financial company through merger or consolidation acquires more than 10% of the aggregate financial sector liabilities was set at $20,664,262,842,000 for the period from July 1, 2019, through […]
FDIC
Reg capital, CBLR proposal catches eye – and ire – of key GOP senators
A proposal to simplify regulatory capital requirements for community banks by the federal banking agencies has caught the eye – and ire – of Republican senators, as they outlined in a letter to the leaders […]
FDIC
Agencies to propose excluding some residential loans from HVCRE definition
Excluding certain loans that finance land development of single- and multi-family residences from the definition of “high volatility commercial real estate” (HVCRE) in their regulatory capital rules is under consideration by the three federal banking […]
The Fed
Powell: Fed independence serves country well; ‘bad things happen’ to countries with direct political control
Independence of the nation’s central bank from direct political control is an important feature that has served the country well, the chairman of the bank’s board said Tuesday. Speaking during a question and answer session […]
The Fed
Fed’s community bank rep outlines steps taken to reduce reg burden, employ EGRRCPA
Reducing regulatory burden is “one of the most important ways” to help minority depository institutions (MDIs), a governor of the Federal Reserve Board said Tuesday, citing implementation by the agency of provisions in last year’s […]
CFPB
Agencies give final OK to check holds adjustments, but delay effective date to next year
The amount of funds banks and others must make available to their customers from checks deposited, as well as a revised threshold for determining whether an account has been repeatedly overdrawn, is set in amendments […]