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The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (collectively, the “Banking Agencies”) issued a statement (“Statement”) on November 6, 2020, regarding the upcoming discontinuation of LIBOR as a reference rate. [read post]
17 Sep 2018, 6:00 am by Doug Cornelius
The Securities and Exchange Commission, The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency all clarified that staff guidance is not a regulation. [read post]
19 Mar 2020, 6:18 am
The Proposal is the culmination of a process first announced in March 2018 to significantly revise all aspects of the Volcker Rule’s implementing regulations in light of the experience of the federal banking agencies—the Federal Reserve Board, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Deposit Insurance Corporation (together, the… [read post]
12 Apr 2014, 9:41 am by James Hamilton
While it is essential that insurers subject to Federal Reserve Board oversight be adequately capitalized on a consolidated basis, noted Senator Collins in recent testimony before the Senate Subcommittee on Financial Institutions, it would be improper, and not in keeping with Congressional intent, for federal regulators to supplant prudential state-based insurance regulation with a bank-centric capital regime for insurance activities. [read post]
13 Mar 2023, 4:17 am
(Financial Advisor IQ by Glenn Koch) Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023) JOIN the Financial Professionals Coalition, Ltd 4Cir Affirms Denial of Motion to Vacate FINRA Arbitration AwardKayvan Karoon; KS Capital Management, Inc., Appellants, v. [read post]
13 Mar 2023, 4:17 am
(Financial Advisor IQ by Glenn Koch) Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023) ... [read post]
3 Jan 2010, 11:38 am by Meaghan Olson
A joint statement from the Federal Trade Commission and the Federal Reserve Board released in late December announced new rules for lenders who offer some borrowers less favorable loan terms than others. [read post]
The OCC, Federal Reserve Board, FDIC, NCUA and CFPB have issued an “Interagency Statement on the Use of Alternative Data in Credit Underwriting. [read post]
6 Mar 2009, 11:22 am
In conjunction with this announcement, the Federal Reserve Board also published revised terms and conditions for participation in the TALF. [read post]
23 Aug 2011, 10:41 am by Adam Levitin
Instead, the problem is with all the selections of the Board of Governors of the Federal Reserve (Bernanke et al.) for the Class C directors, who are appointed by the Board of Governors of the Federal Reserve to represent the "public". [read post]
25 Mar 2010, 7:37 am by gstasiewicz
McKinley in July 2009, seeks records related to the Board’s unprecedented departure from standard procedure in authorizing the Federal Reserve Bank of New York (FRBNY) to provide “temporary emergency financing” to The Bear Stearns Companies, Inc., on March 14, 2008 (McKinley v. [read post]
6 Jul 2015, 4:25 pm by Sabrina I. Pacifici
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday posted the public portions of annual resolution plans for 12 large financial firms. [read post]
1 Apr 2021, 12:15 pm by Christopher J. Willis
In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML). [read post]
25 Apr 2010, 8:16 am by Stephen Lubben
Presently both the new Financial Stability Oversight Counsel and the Federal Reserve Board must each vote to recommend action under the resolution authority, and each must do so by a 2/3 vote. [read post]
15 Sep 2008, 2:29 pm
  Section 13(3) of the act providesIn unusual and exigent circumstances, the Board of Governors of the Federal Reserve System, by the affirmative vote of not less than five members, may authorize any Federal reserve bank, during such periods as the said board may determine, at rates established in accordance with the provisions of section 14, subdivision (d), of this Act, to discount for any individual, partnership, or corporation,… [read post]
14 Nov 2019, 2:10 pm by tvasil
Team USA (collectively the National Association of Insurance Commissioners (NAIC), Federal Reserve Board (FRB), and the Federal Insurance Office (FIO) of the U.S. [read post]
30 Jun 2014, 4:31 pm by Sabrina I. Pacifici
“The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as “community development. [read post]