Links in “Federal Reserve”
- Bankers to Yellen: Beware Efforts to Regulate Interchange Under Guise of Data Security
53 state bankers associations write to FRB chair Yellen calling attention to "thinly veiled effort to once again advance the regulation of interchange under the guise of current concerns over data security." [3/6]
- Expect Fed Board to be More Hands-on with Big Enforcement Actions
Fed Board Chair Janet Yellen says the board will ramp up its participation in major bank enforcement policy decisions. Over the past 10 years, the Fed board voted only 11 out of about 1,000 enforcement actions. [2/28]
- Why the Fed Reserve Board Needs Community Bank Representation
Community banks, though they account for only 14 percent of U.S. banking assets, hold 46% of small loans to businesses and farms. [2/26]
- FRB Seeks Transparency through Applications Report
FRB anticipates bi-annual report starting this year that will provide information on applications (e.g., branch, expansion, mergers, acquisitions, etc.) including the number of approvals, denials, and withdrawals, and the primary reasons for withdrawals. [2/25]
- FRB Seeks Transfer of DD and Privacy and Comments on Red Flags
FRB seeks comment on proposals to repeal its Regulation DD and Regulation P (transfer to CFPB) and make amendments to the identity theft red flags rule in Regulation V (Fair Credit Reporting). 60-day comment period provided. [2/13]
- Fed and CFPB Focusing on HMDA
Federal Reserves Q4 outlook looks at HMDA reporting requirements and the CFPB announces it is looking at making changes to reporting requirements. [2/10]
- FRB Seeks to Electronically Catch Up on Expedited Funds Availability
FRB seeks commentary on proposals on EFAA to catch the regulation up to the current handling of checks. New proposals would recognize the reality of how checks are processed (electronically) and promote electronic returns of checks. [2/5]
- Appeals Court Hears Testimony in Debit Card Fee Case
It appears that the judges on the bench of the U.S. Court of Appeals for the District of Columbia are open to taking a harder look at the lower court decision that overturned the Federal Reserve Boardâs rule that placed a cap on debit card fees. The card industry emphasized that consumers have not seen the pricing benefits promised by the merchants. [1/20]
- KC Fed Reserve President: Regulations Not Making Financial Institution Safer, Adding Burdens to Small Banks
President of the Federal Reserve Bank of Kansas City says incentives have not changed in a way that would achieve the desired outcome of a safer, more competitive financial system and that competitive and regulatory pressures on the smaller banks âhave only worsened.â [1/20]
- What the CU Industry Can Learn from the Blu-ray/HD DVD War
As payment systems evolve, the credit union industry needs to be a driving force in the process, rather than abdicating responsibility in favor of the Federal Reserve Banks, which would be akin to letting the government step in and mandate a winner in the VHS/BETA Max and Blu-Ray/HD-DVD wars. [1/17]
