By Fed Newswire | Nov 28, 2017
News Release: The Federal Reserve Board on Tuesday issued a Consent Order against Peoples Bank ("Peoples"), Lawrence, Kansas, for deceptive residential mortgage origination practices in violation of section 5 of the Federal Trade Commission Act. Peoples told certain borrowers that they were paying an additional amount ...
By Fed Newswire | Nov 22, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the proposal under sections 3 and 4 of the Bank Holding Company Act of 1956 by Sandy Spring Bancorp, Inc., Olney, Maryland, to merge with WashingtonFirst Bankshares, Inc. ("WashingtonFirst"), and thereby indirectly acquire WashingtonFirst's ...
By Fed Newswire | Nov 22, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 9 of the Federal Reserve Act by Frost Bank, San Antonio, Texas, to establish a branch at 640 Taylor Street, Fort Worth, Texas.
By Fed Newswire | Nov 22, 2017
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 31-Nov. 1, 2017.
By Fed Newswire | Nov 21, 2017
News Release: The federal banking agencies on Tuesday finalized a rule for certain banking organizations by extending the existing capital requirements for mortgage servicing assets and certain other items. The rule is being finalized to prevent different rules from taking effect while the agencies consider a broader simplification of the capital rules.
By Fed Newswire | Nov 20, 2017
News Release: Janet L. Yellen submitted her resignation Monday as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair.
By Fed Newswire | Nov 20, 2017
News Release: The Consumer Financial Protection Bureau (CFPB), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2018 will increase from $25,500 to $26,000.
By Fed Newswire | Nov 20, 2017
News Release: The federal bank regulatory agencies have amended their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
By Fed Newswire | Nov 17, 2017
News Release: The Federal Reserve Board on Friday extended the comment periods for two related proposals until Feb. 15, 2018. One would enhance the effectiveness of boards of directors. The other would implement a new ratings system for large financial institutions that would be aligned with the post-crisis supervisory program.
By Fed Newswire | Nov 15, 2017
News Release: The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by South State Corporation, Columbia, South Carolina, to acquire Park Sterling Corporation ("PSC") and thereby indirectly acquire PSC's subsidiary bank, Park Sterling Bank, both of Charlotte, North Carolina.
By Fed Newswire | Nov 14, 2017
News Release: The Federal Reserve Board announced the termination of the enforcement action listed below: Maple Leaf Financial, Inc., Newbury, Ohio Order to Cease and Desist and Amended Order to Cease and Desist issued by the Office of Thrift Supervision dated March 27, 2009 and July 8, 2010, respectively Terminated November 8, 2017 Enforcement actions can be searched for here.
By Fed Newswire | Nov 13, 2017
News Release: The Federal Reserve Board on Monday announced the approval of fee schedules, effective Jan. 2, 2018, for payment services the Federal Reserve Banks provide to depository institutions (priced services).
By Fed Newswire | Nov 8, 2017
News Release: The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) 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 2018. These thresholds are set pursuant ...
By Fed Newswire | Nov 6, 2017
News Release: Chair Yellen swears in Randal K. Quarles as governor and Vice Chair for Supervision as wife Hope Eccles holds the Bible.
By Fed Newswire | Nov 3, 2017
News Release: The Federal Reserve Board on Friday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve requirement exemption amount and the low reserve tranche.
By Fed Newswire | Nov 2, 2017
News Release: Statement by Federal Reserve Board Chair Janet L. Yellen: I congratulate my colleague Jay Powell on his nomination to be Chairman of the Federal Reserve Board. Jay's long and distinguished career has been marked by dedicated public service and seriousness of purpose. I am confident in his deep commitment to carrying out the vital public mission of the Federal Reserve. I am committed to working with him to ensure a smooth transition.
By Fed Newswire | Nov 2, 2017
News Release: Statement by Federal Reserve Board Governor Jerome H. Powell: Thank you, Mr. President, for the faith you have shown in me through this nomination. I am both honored and humbled by this opportunity to serve our great country. If I am confirmed by the Senate, I will do everything within my power to achieve the goals assigned to the Federal Reserve by the Congress: stable prices and maximum employment.
By Fed Newswire | Nov 2, 2017
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Wayne Bank and Trust Company, Cambridge City, Indiana Order of Assessment of a Civil Money Penalty, dated Oct. 31, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Nov 1, 2017
News Release: The Federal Reserve Board on Wednesday announced that James A. Clouse has been appointed secretary of the Federal Open Market Committee (FOMC), succeeding Brian F. Madigan, effective November 26.
By Fed Newswire | Nov 1, 2017
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 solid rate despite hurricane-related disruptions. Although the hurricanes caused a drop in payroll employment in September, ...
