By Fed Newswire | Mar 1, 2011
News Release: The Federal Reserve Board and the Federal Trade Commission (FTC) on Tuesday proposed regulations regarding the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The statute requires creditors to disclose credit scores and related information to consumers in risk-based pricing and adverse action notices under the Fair Credit Reporting Act (FCRA) if a credit score was used in setting the credit terms or taking adverse action.
By Fed Newswire | Feb 23, 2011
News Release: The Federal Reserve Board on Wednesday issued a final rule and requested public comment on a second rule under Regulation Z to revise the escrow account requirements for certain home mortgage loans. The revisions to the regulation, which implements the Truth in Lending Act (TILA), are being made pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
By Fed Newswire | Feb 23, 2011
News Release: The Federal Reserve on Wednesday issued a Spanish version of the 2010 Federal Financial Institutions Examination Council's Bank Secrecy Act/Anti-Money Laundering Examination Manual (PDF). The Federal Reserve, in conjunction with the Office of the Comptroller of the Currency and the Federal Deposit Insurance ...
By Fed Newswire | Feb 22, 2011
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on Jan. 24, 2011.
By Fed Newswire | Feb 22, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: American Bancorporation of Minnesota, Inc., Baxter, Minnesota Written Agreement dated Feb. 16, 2011 Eastern Virginia Bankshares, Inc. and EVB, both of Tappahannock, Virginia Written Agreement dated ...
By Fed Newswire | Feb 17, 2011
News Release: The Federal Reserve System in February will conduct its Survey of Finance Companies as part of an effort to paint a complete and continuing picture of the sector in the aftermath of the financial crisis.
By Fed Newswire | Feb 17, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Westside Banking Company, University Place, Washington Written Agreement dated Feb. 14, 2011 Search of Federal Reserve enforcement actions
By Fed Newswire | Feb 16, 2011
News Release: The Federal Reserve Board announced Wednesday that the Consumer Advisory Council will hold its next meeting on Thursday, March 10. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. For security purposes, ...
By Fed Newswire | Feb 16, 2011
News Release: The Federal Reserve Board on Wednesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2011.
By Fed Newswire | Feb 16, 2011
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 25-26, 2011. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the January 25-26, 2011 meeting is also included as an addendum to these minutes.
By Fed Newswire | Feb 15, 2011
News Release: The Federal Reserve Board on Tuesday announced the issuance of consent Civil Money Penalty Orders against MyAnns Corporation and G. Larry Curry, a former director and institution-affiliated party of MyAnns Corporation, Piqua, Kansas, a registered bank holding company. The Orders require civil money penalty payments of $37,500 and $7,500 respectively.
By Fed Newswire | Feb 15, 2011
News Release: The Federal Reserve Board on Tuesday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Franklin Savings Bank, Farmington, Maine, a state member bank. Franklin Savings Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.
By Fed Newswire | Feb 15, 2011
News Release: The Federal Reserve Board on Tuesday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Dacotah Bank, Aberdeen, South Dakota, a state member bank. Dacotah Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.
By Fed Newswire | Feb 15, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Bank of Whitman, Colfax, Washington Prompt Corrective Action Directive dated February 9, 2011 Idaho Banking Company, Boise, Idaho Prompt Corrective Action Directive dated February 9, 2011 Market Bancorporation, Inc., Elk New Market, Minnesota Written Agreement dated Feb. 10, 2011 Search of Federal Reserve enforcement actions
By Fed Newswire | Feb 10, 2011
News Release: Kevin Warsh announced his intent to resign as a member of the Board of Governors of the Federal Reserve System on or around March 31, 2011.
By Fed Newswire | Feb 10, 2011
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement actions: Community Banks of Colorado (46 KB PDF), Greenwood Village, Colorado Prompt Corrective Action Directive dated February 8, 2011 Financial Services of St. Croix Falls, Inc. (47 KB PDF), St. Croix Falls, Wisconsin Written Agreement dated February 7, 2011 Search of Federal Reserve enforcement actions.
By Fed Newswire | Feb 9, 2011
News Release: The Federal Reserve Board on Wednesday announced its approval of a final rule to implement the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that give banking firms a period of time to conform their activities and investments to the prohibitions and restrictions of the so-called Volcker Rule.
By Fed Newswire | Feb 8, 2011
News Release: The Federal Reserve Board on Tuesday requested comment on a proposed rule that implements two provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to the designation by the Financial Stability Oversight Council of systemically important nonbank financial companies for consolidated supervision by the Board.
By Fed Newswire | Feb 8, 2011
News Release: On February 7, 2011, the Federal Reserve conducted an auction of $5 billion in 28-day term deposits through its Term Deposit Facility. Following are the results of the auction: TDF Auction ID: A16 Competitive Amount Offered: $5,000,000,000 Competitive Amount Tendered: $12,615,010,000 Competitive Amount ...
By Fed Newswire | Feb 8, 2011
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: BankVest, Inc., Castle Rock, Colorado (53 KB PDF) Written Agreement dated Feb. 2, 2011 Search of Federal Reserve enforcement actions
