Title: Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire Subject: Check collection, FedNow Agency: Federal Reserve Status: Final rule Summary: The Board is publishing final amendments to Regulation […]
A consent order issued in 2019 with SunTrust Bank (Atlanta) over unfair and deceptive practices as the bank prepared for a merger with BB&T Corporation (Winston-Salem, N.C.) was terminated Thursday by the Federal Reserve Board, […]
Stress test results intended to show whether banks are sufficiently capitalized to absorb losses and continue lending even in a hypothetical severe recession will be released by the Federal Reserve Board at 4:30 p.m. ET […]
Switching interdealer trading conventions from the current LIBOR to a new alternative rate developed (and promoted) by the Federal Reserve Bank of New York was recommended Tuesday by the federal agency overseeing the commodities markets. […]
A former personal banker who worked at a Phoenix, Ariz., branch of BBVA USA (Birmingham, Ala.) has been prohibited from participating in the affairs of any federally insured financial institution under a consent order announced […]
Coordination with other federal banking regulators on financial technology (fintech) firms’ use of alternative data, better communication on issues related to post-stress capital ratios, and a process to articulate certain risk tolerance levels are urged […]
The nation’s central bank said it plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that ceased its purchases of eligible assets Dec. 31. […]
The latest collection of feedback from the Federal Reserve’s 12 districts notes slight to moderate loan growth in most districts, not much change (overall) in credit standards, still-strong growth in deposits due to recent stimulus […]
Steps that should be taken now and through the rest of the year by those with exposure to soon-to-be-defunct LIBOR are outlined in a “roadmap” issued Wednesday by an international group of financial regulators. In […]
A “new and comprehensive” set of rules – but whose concepts are like existing regulations – to govern the Federal Reserve’s new round-the-clock instant payments service was proposed Tuesday by the agency. According to the […]
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