Hearing: subcommittee of House Financial Services Committee
The Monetary Policy and Trade Subcommittee will hold a hearing entitled “A Further Examination of Federal Reserve Reform Proposals.”
Federal Reserve
The Fed
Guidance aims to clarify risk management for large institutions
Aiming to clarify its supervisory expectations related to risk management at large financial institutions, the Federal Reserve Thursday proposed guidance as part of a broader attempt to develop a new rating system for the bigger […]
FDIC
Call report changes approved by banking regulators, go live June 30
Call report changes, including revisions to schedules in response to adjustments in accounting for equity securities, have been finalized by the federal banking agencies, a government regulatory umbrella group said Wednesday. In a release, the […]
The Fed
Fed wants to clarify which motor vehicle dealers are covered under its Reg M – and which are not
Clarifications about which motor vehicle dealers are subject to the Federal Reserve’s Regulation M – or which are subject to the federal consumer bureau’s rules under the Consumer Leasing Act (CLA) – are being proposed […]
FDIC
Banking agencies redefine ‘shared national credits’ threshold for first time in 40 years
For the first time in 40 years, federal banking agencies have increased the aggregate loan commitment threshold for inclusion in “shared national credits” (SNC), raising the total from $20 million to $100 million, the agencies […]
The Fed
Credit card use rising, study finds, at a faster rate than use of other types of cards
Credit cards are being used for payments more frequently – and more often for remote versus in-person payment – a new Federal Reserve study released Thursday stated. Additionally, the study showed that the 10.2% growth […]
FDIC
Agencies set slightly higher CRA thresholds for 2018
A “small bank” is one with assets of less than $1.252 billion, and an “intermediate small bank” is one with at least $313 million in assets but less than $1.252 billion, for purposes of community […]
The Fed
Changes in Reg A, Reg D interest rates published, reflecting Fed’s recent rate hike
Final rules reflecting last week’s increase in interest rates by the Federal Reserve Board –increasing the rate for primary credit from Federal Reserve banks (Regulation A), and revising the interest rates paid on balances maintained […]
FDIC
Four big banks’ ‘living wills’ (out of eight) still need work (but no resubmission required)
Resolution plans – or “living wills” – of the eight largest banks will not have to be resubmitted, two federal banking agencies said Tuesday, because they do not have “deficiencies” that are weaknesses severe enough […]
The Fed
French bank, its New York branch, cited for falling short on anti-money laundering efforts
A French bank based in Paris, and a branch of the same institution in New York, was presented with a cease and desist order for continued violations of U.S. anti-money-laundering laws, the Federal Reserve said […]