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26 Dec 2017, 3:28 pm
Board of Governors of the Federal Reserve System: Is it legal for a business in the United States to refuse cash as a form of payment? [read post]
14 Dec 2017, 6:58 am
Janet Yellen, the current Chair of the Board of Governors of the Federal Reserve System on Wednesday called Bitcoin a “highly speculative asset” and “not a stable source of value”, and “it doesn’t constitute legal tender. [read post]
1 Dec 2017, 10:49 am
The bill would require the Board of Governors of the Federal Reserve System to revise the “Small Bank Holding Company and Savings and Loan Holding Company Policy Statement” to increase the consolidated asset threshold thereunder from $1 billion to $3 billion, leaving the other requirements of such bank holding companies and savings and loan companies the same. [read post]
27 Nov 2017, 2:30 pm
On November 22, 2017, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation published a final rule continuing the application of certain capital rules due to expire at the end of 2017 (focusing on “transition provisions for the regulatory capital treatment of” certain types of assets), though a proposed rule issued on October 27, 2017… [read post]
27 Nov 2017, 2:30 pm
On November 21, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency “finalized a rule for certain banking organizations by extending the existing capital requirements for mortgage servicing assets and certain other items. [read post]
27 Nov 2017, 2:29 pm
On November 20, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency each modified their respective regulations in large part to align with “changes made by the Consumer Financial Protection Bureau [] to Regulation C, which implements the Home Mortgage Disclosure Act[] (“HMDA“). [read post]
22 Nov 2017, 7:10 am
His service as a Director of the First Federal Savings Bank of Puerto Rico from 1982 to 1983, was recognized as outstanding by the Federal Home Loan Bank Board. [read post]
9 Nov 2017, 9:30 pm
The Federal Reserve System Board Chair Janet L. [read post]
3 Nov 2017, 6:38 am
Stocks fluttered around break-even territory in trading Thursday as investors digested a raft of economic news, including Jerome Powell’s nomination to be the next chair of the Board of Governors of the Federal Reserve System as well as the release of the House Republican’s long-awaited tax proposal and an interest rate hike by the Bank ... [read post]
2 Nov 2017, 4:20 am
In Jones, the Board of Trustees determined that the state should increase its contributions to the system; the governor and legislature refused to do so. [read post]
25 Oct 2017, 5:26 am
The Board of Governors of the Federal Reserve System published a rule finalizing proposed changes to the agency's FOIA regulations in today's issue of the Federal Register. [read post]
25 Sep 2017, 6:02 am
The Board of Governors of the Federal Reserve System (the “Board”) has adopted final rules [1] that represent a significant shift in the terms of over-the-counter derivatives, repurchase and reverse repurchase transactions and securities lending transactions. [read post]
19 Sep 2017, 3:13 pm
The Court recognized that the initiative and referendum powers cannot be used where the local legislative body’s discretion is largely preempted by state or federal statutory mandates (e.g., county boards’ duty to provide suitable accommodations for courts, administrative acts/contracts under State and Federal public housing law, etc.), and the legal principle that legislative acts are subjective to the initiative and referendum powers while… [read post]
19 Sep 2017, 3:13 pm
The Court recognized that the initiative and referendum powers cannot be used where the local legislative body’s discretion is largely preempted by state or federal statutory mandates (e.g., county boards’ duty to provide suitable accommodations for courts, administrative acts/contracts under State and Federal public housing law, etc.), and the legal principle that legislative acts are subjective to the initiative and referendum powers while… [read post]
18 Sep 2017, 2:12 pm
On September 13, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released proposed changes to each agency’s Community Reinvestment Act’s regulations relating “Regulation C, which implements the Home Mortgage Disclosure Act[.] [read post]
18 Sep 2017, 2:12 pm
On September 13, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released proposed changes to each agency’s Community Reinvestment Act’s regulations relating “Regulation C, which implements the Home Mortgage Disclosure Act[.] [read post]
31 Aug 2017, 12:59 pm
On August 26, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), and Conference of State Bank Supervisors (CSBS) issued a joint press release urging financial institutions in disaster areas to “work constructively with borrowers in communities affected by Hurricane Harvey. [read post]
27 Aug 2017, 6:27 am
On August 9, 2017, the Board of Governors of the Federal Reserve System (FRB) published proposed guidance (Proposal) that would address supervisory expectations on boards of directors of banks and holding companies, as applicable. [read post]
13 Aug 2017, 6:00 am
In 2002, PRASA entered into a 10-year service contract with an affiliate of French conglomerate Suez for the operation and management of the Puerto Rico water and wastewater system. [read post]
31 Jul 2017, 12:23 pm
On July 21, 2017, the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency and the Securities and Exchange Commission announced they would work together as they reviewed the impact of the Volcker Rule on specific types of foreign funds. [read post]
