By Fed Newswire | Nov 28, 2018
News Release: The Federal Reserve Board on Wednesday announced the execution of the enforcement action listed below: MyBank, Belen, New Mexico Order of Assessment of a Civil Money Penalty, dated Nov. 26, 2018 Search of Federal Reserve enforcement actions.
By Fed Newswire | Nov 26, 2018
News Release: Michelle W. Bowman took the oath of office on Monday as a member of the Board of Governors of the Federal Reserve System. The oath of office was administered by Chairman Jerome H. Powell in the Board Room. Ms. Bowman was accompanied by her husband and her two children.
By Fed Newswire | Nov 21, 2018
News Release: Three federal banking agencies on Wednesday invited public comment on a proposal that would simplify regulatory capital requirements for qualifying community banking organizations, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act. The proposal would provide regulatory burden relief to qualifying community banking organizations by giving them an option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy.
By Fed Newswire | Nov 21, 2018
News Release: WASHINGTON, D.C. -- The Federal Reserve Board and the Bureau of Consumer Financial Protection (Bureau) today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2019. These ...
By Fed Newswire | Nov 21, 2018
News Release: WASHINGTON, D.C.--The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2019 will increase from $26,000 to $26,700.
By Fed Newswire | Nov 20, 2018
News Release: WASHINGTON, D.C. -- The Bureau of Consumer Financial Protection and the Federal Reserve Board today jointly proposed amendments to Regulation CC that would implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. The ...
By Fed Newswire | Nov 19, 2018
News Release: The Federal Reserve Board on Monday announced it has fined Société Générale S.A. of Paris, France, $81.3 million for the firm's unsafe and unsound practices primarily related to violations of U.S. sanctions against Cuba.
By Fed Newswire | Nov 16, 2018
News Release: The Federal Reserve Board on Friday announced the approval of fee schedules, effective Jan. 2, 2019, for payment services the Federal Reserve Banks provide to depository institutions (priced services).
By Fed Newswire | Nov 15, 2018
News Release: The Federal Reserve next year will review the strategies, tools, and communication practices it uses to pursue its congressionally-assigned mandate of maximum employment and price stability. The review will include outreach to a broad range of interested stakeholders.
By Fed Newswire | Nov 15, 2018
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 California Department of Business Oversight recognize the serious impact of the California wildfires on the ...
By Fed Newswire | Nov 15, 2018
News Release: The Federal Reserve Board on Thursday approved final amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire) and to make it conform more closely with Regulation CC (Availability of Funds and Collection of Checks).
By Fed Newswire | Nov 13, 2018
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: The First State Bank of Dongola, Dongola, Illinois Order of Assessment of a Civil Money Penalty, dated November 7, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Nov 9, 2018
News Release: The Federal Reserve Board on November 28 intends to begin publishing a semiannual report presenting the Board's view of the outlook for U.S. financial stability.
By Fed Newswire | Nov 8, 2018
News Release: Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Household ...
By Fed Newswire | Nov 7, 2018
News Release: The three federal banking agencies today invited public comment on a proposal to reduce regulatory reporting burden on small institutions by expanding the number of regulated institutions eligible for streamlined reporting. The proposal would implement section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
By Fed Newswire | Nov 6, 2018
News Release: The Federal Reserve Board on Tuesday announced its approval of the applications by Comerica Bank, Dallas, Texas, to establish a branch in Houston and a branch in Dallas, Texas.
By Fed Newswire | Nov 6, 2018
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: McHenry Bancorp, Inc., McHenry, Illinois Order to Cease and Desist, issued by the Office of Thrift Supervision dated March 26, 2010 (PDF) Terminated Nov. 1, 2018 Additional enforcement actions can be searched for here.
By Fed Newswire | Nov 6, 2018
News Release: The Federal Reserve Board on November 9 at 12:00 p.m. EST will publish its inaugural Supervision and Regulation Report, which will summarize current banking system conditions and the Board's recent supervisory and regulatory actions.
By Fed Newswire | Nov 2, 2018
News Release: The Federal Reserve Board on Friday finalized a new supervisory rating system for large financial institutions that is aligned with the core areas most important to supporting a large firm's safety and soundness and U.S. financial stability.
By Fed Newswire | Oct 31, 2018
News Release: The Federal Reserve Board on Wednesday invited public comment on a framework that would more closely match the regulations for large banking organizations with their risk profiles. The changes would reduce compliance requirements for firms with less risk while maintaining more stringent requirements for firms with more risk.
