Fees for the payment services the Federal Reserve Banks provide to depository institutions will rise an average 3.7% as of Jan. 3, the Federal Reserve Board announced Wednesday. The Fed said increases in the fee […]
One new section and updates to three sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC), which includes federal and state financial […]
Loan demand increased across the country in the last six weeks, following the overall “modest to moderate pace” for economic activity, according to the Federal Reserve’s latest compilation of commentary on economic conditions published Wednesday. […]
Amounts above, or below, which certain federal disclosure, interest rate, fee, and other requirements and limitations apply for consumer leases, consumer credit, and higher-priced mortgage loans (HPMLs) are revised up nearly 5% for 2022 under […]
Analysis of central bank digital currencies (CBDCs), and their uses, will be aided by the just-opened New York Innovation Center, the chair of the Federal Reserve said Monday in opening the new facility. Federal Reserve […]
Seven members, six of them new, will begin three-year terms on the Federal Reserve’s Insurance Policy Advisory Committee (IPAC) beginning in 2022, the Fed said in a recent announcement. That committee of seven is sharply […]
More than 4,800 banks and banking firms – holding just under $43 trillion in assets – were under the supervision of the Federal Reserve as of mid-year, according to the latest supervision and regulation report […]
A so-called roadmap for providing greater public clarity throughout 2022 on issues surrounding banking institutions’ involvement in crypto-assets was released as part of a joint statement Tuesday by federal banking agencies. “As supervised institutions seek […]
Jerome Powell and Lael Brainard’s remarks upon being designated the president’s nominees for Federal Reserve chair and vice chair highlighted numerous priorities ahead that include, among others, reining in inflation. “We know that high inflation […]
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