By Fed Newswire | Mar 29, 2021
News Release: Five federal financial regulatory agencies are gathering insight on financial institutions' use of artificial intelligence (AI). The agencies seek information from the public on how financial institutions use AI in their activities, including fraud prevention, personalization of customer services, credit underwriting, and other operations.
By Fed Newswire | Mar 25, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent Prohibition against Adriana Montemayor Former employee Texas Community Bank, Laredo, Texas Misappropriation of bank funds Enforcement actions can be searched for here.
By Fed Newswire | Mar 23, 2021
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Orient Bancorporation, San Francisco, California; Bank of the Orient, San Francisco, California Written Agreement dated March 18, 2021 Enforcement actions can be searched for here.
By Fed Newswire | Mar 22, 2021
News Release: The Federal Reserve System on Monday released the 2020 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, the Board of Governors, and five limited liability companies (LLC's) that manage and operate some of the ...
By Fed Newswire | Mar 19, 2021
News Release: The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021. The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.
By Fed Newswire | Mar 19, 2021
News Release: The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.
By Fed Newswire | Mar 18, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Bryn Mawr Trust Company, Bryn Mawr, Pennsylvania Flood insurance violations civil money penalty, dated March 16, 2021 Additional enforcement actions can be searched for here.
By Fed Newswire | Mar 17, 2021
News Release: The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the March 16-17 meeting.
By Fed Newswire | Mar 17, 2021
News Release: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
By Fed Newswire | Mar 11, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent Prohibition Order against Chastaly Arroyo Former employee of Fifth Third Bank, Cincinnati, Ohio Unauthorized disclosure of customer account information Additional enforcement actions can be searched for here.
By Fed Newswire | Mar 11, 2021
News Release: WASHINGTON — Five federal regulatory agencies today requested public comment on 24 proposed Interagency Questions and Answers Regarding Private Flood Insurance.
By Fed Newswire | Mar 9, 2021
News Release: Federal bank regulatory agencies today announced an interim final rule that supports the Treasury Department's implementation of a program established by Congress to make capital investments in minority depository institutions and community development financial institutions.
By Fed Newswire | Mar 8, 2021
News Release: The Federal Reserve Board on Monday announced it will extend its Paycheck Protection Program Liquidity Facility, or PPPLF, by three months to June 30, 2021. The extension will provide continued support for the flow of credit to small businesses through the Paycheck Protection Program, or PPP.
By Fed Newswire | Mar 5, 2021
News Release: The Federal Reserve on Friday clarified guidance as it relates to definitions for minority depository institutions (MDIs), expanded the MDI definition to include women-owned financial institutions, and highlighted resources available to MDIs through its Partnership for Progress (PFP) program. The Federal ...
By Fed Newswire | Mar 4, 2021
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Allegiant United Holdings, LLC, Irvine, California; Nano Financial Holdings, Inc., Irvine, California; and Nano Banc, Irvine, California Written Agreement dated Feb. 24, 2021 Enforcement actions can be searched for here.
By Fed Newswire | Mar 2, 2021
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Consent Prohibition against Jessica Shirey Former employee of Gateway Bank, Rison, Arkansas Misappropriation of customer funds Consent Prohibition against Jeremy Boles Former employee of SunTrust Bank, Atlanta, Georgia Misappropriation of customer funds Additional enforcement actions can be searched for here.
By Fed Newswire | Feb 25, 2021
News Release: Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVD-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current environment.
By Fed Newswire | Feb 23, 2021
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on January 19 and Jan. 27, 2021.
By Fed Newswire | Feb 22, 2021
News Release: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers ...
By Fed Newswire | Feb 18, 2021
News Release: The Federal Reserve Board on Thursday announced a final rule that is intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions.
