Links in “Federal Reserve”
- Fed Takes Heat for How It Critiques Its Own Cooking
The Fed's dual role as regulator and enforcer is coming under fire from Congress, as Sen. Elizabeth Warren warns the New York Fed Reserve's president to toughen up on enforcement or "we need to get someone who will." [12/3/14]
- Updates to Regulation CC
The Board of Governors of the Federal Reserve recently proposed changes and updates to Regulation CC, which includes the EFA Act and the Check 21 Act. Specifically, the new proposition will provide indemnity provisions regarding remote deposit capture services. [12/2/14]
- Agencies to Wells Fargo: Improvement Is Not Perfection
The Federal Reserve and FDIC have reviewed the 2014 resolution plan for Wells Fargo. While improvements appear promising, the bank also experienced shortcomings relative to its resolution plan which will need to be addressed in the coming year's plan. [11/26/14]
- Federal Reserve Board Releases Banking Applications Activity Report
The Federal Reserve Board has released its semi-annual report regarding banking applications activity. The report outlines information and statistics on proposals that have been reviewed by the Federal Reserve. [11/25/14]
- Agencies Finalize Credit Risk Retention Rules
The finalized risk retention rule from the FDIC, FRB, OCC, SEC, HUD, and FHFA reduces the risk retention requirements for ABS collaterlized by commercial, commercial real estate, or auto loans and includes a prohibition of hedging and the transfer of risk retention. [11/20/14]
- Federal Reserve Board to Adopt Payment System Risk Policy
After receiving only three comments regarding its proposed policy on payment system risk, the Federal Reserve Board is adopting the policy as it was proposed with an overall effective date of December 31, 2014. [11/13/14]
- Leveraged Loans: Your Questions Answered
The FDIC, FRB, and OCC responded to a number of FAQs regarding the leveraged lending guidance released in March 2013. Responses include clarification on underwriting standards, institution applicability, and the definition of "leveraged loan." [11/13/14]
- AML Task Force: The Avengers of Anti-Money Laundering
The AML Task Force, made up of eight government agencies, has taken upon itself the task of bettering the world of AML. During the ABA Conference, Under Secretary Cohen detailed the efforts that have been taken as well as future efforts, with an emphasis on the handling of money services businesses. [11/10/14]
- Why the Elections May Not Be as Transformative as Financial Institutions Hope
Despite the big GOP win on Tuesday, the Senate remains closely divided and that pendulum is likely to swing back the other way in 2016, and the President still has veto power. The big losers in all this: the CFPB and the Fed. [11/6/14]
- It’s a Done Deal
The FRB issued a final rule to implement section 622 of the Dodd-Frank Act, prohibiting a financial company from combining with another company when the ratio of the merged company's liabilities is more than 10 percent of the aggregated consolidated liabilities of all financial companies. [11/6/14]
