The development and enablement of a central bank digital currency (CBDC) for use by the general public is among the technological advances being explored by the Federal Reserve, the agency’s board chair said in a […]
While the supervisory framework of the Federal Reserve was tested – and found to work – in the face of the financial impact of the coronavirus crisis, there are other areas that were found to […]
Measures that would repeal the “true lender” rule for banks, restore the federal credit union regulator’s short-lived, direct authority over third-party vendors, and set a trigger for the countercyclical capital buffer (CCyB) for banks are […]
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
A rule to bolster the effectiveness of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has been extended for the third time by the nation’s central bank to permit certain bank directors and shareholders […]
The Federal Reserve proposes to clarify that card-not-present transactions are a “particular type of transaction” for which two unaffiliated payment card networks must be available; and the responsibility of the debit card issuer in ensuring […]
Title: Debit Card Interchange Fees and Routing Subject: Debit card interchange Agency: Federal Reserve Status: Final rule Summary: The Board of Governors is adopting a final rule that amends Regulation II to specify that the […]
The Board of Governors of the Federal Reserve System (Board) is requesting comment on proposed guidelines (Account Access Guidelines) to evaluate requests for accounts and services at Federal Reserve Banks (Reserve Banks). Reg lookup: Proposed […]
The Federal Deposit Insurance Corp. (FDIC), Federal Reserve, and Office of the Comptroller of the Currency (OCC) are inviting comment on a proposed rule under section 39 of the Federal Deposit Insurance Act that would […]
How a new market reference rate can be used now and what factors market participants should consider before selecting an alternative rate are outlined in a new guide announced Tuesday. In a release, the Alternative […]
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