Tag Archives: federal reserve

Fed Approves ABA-Supported Changes to Reg CC

As part of its ongoing effort to update Regulation CC to reflect a payments system that is largely electronic, the Federal Reserve today approved changes to Reg CC’s liability provisions to address situations involving a dispute about whether portions of an electronic check have been altered or whether the item is a forgery.

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Senate Confirms Clarida for Fed Vice Chair

The Senate today voted 69-26 to confirm economist and monetary policy specialist Richard Clarida to serve as Federal Reserve vice chairman. Clarida is currently a global strategic advisor at Pimco, an American investment firm, and previously served as assistant Treasury secretary for economic policy under the George W. Bush administration. ABA President and CEO Rob Nichols applauded the vote, noting ...

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Fed Issues Rule Offering Relief for Small Bank Holding Companies

The Federal Reserve Board today issued an interim final rule implementing a provision in S. 2155 that raises the asset threshold for relief under the Fed’s small bank holding company policy statement from $1 billion to $3 billion. It also applies to savings and loan holding companies with less than $3 billion in total consolidated assets. ABA has long advocated ...

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Large Banks Clear Fed Stress Tests

The largest U.S. banks collectively showed that they can withstand a severe economic downturn and continued to improve their capital positions, according to the results of Dodd-Frank Act-mandated stress tests the Federal Reserve released yesterday. 

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