FinCEN, banking agencies release FAQs on digital credentials, customer ID
Financial institutions may use a mobile driver’s license or other government-issued virtual ID as a form of documentary verification for ...
Tag: Federal Reserve
Fed OIG report outlines Trump administration efforts to scale back CFPB
The CFPB was temporarily unable to perform some of its statutory duties because of Trump administration stop-work orders, according to ...
Fed’s Warsh vows to continue inflation fight
Federal Reserve Chairman Kevin Warsh said that the central bank will likely continue to focus on fighting inflation, which continues ...
FDIC’s Hill: Agency would welcome Fed participation in CRA rulemaking
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations ...
FOMC minutes show uncertainty about inflation
While most participants at the Federal Open Market Committee’s July meeting believe inflation will ease as the effects of tariffs ...
Fed updates BIC program as part of discount window modernization
The Federal Reserve is updating the Borrower in Custody program as part of an ongoing effort to modernize discount window ...
Fed proposes to update rules on lending to bank insiders
For the first time in nearly 50 years, the Federal Reserve is proposing to comprehensively update the regulation governing extensions ...
Fed proposes to modernize mutual bank regulations
The Federal Reserve proposed a new rule to “modernize” the mutual bank regulatory framework, including changes to expand access to ...
Banking agencies release revised compliance guide for Community Bank Leverage Ratio
The Federal Reserve, FDIC and OCC issued a revised compliance guide for the Community Bank Leverage Ratio framework, reflecting changes ...
Divided FOMC holds rates steady
The Federal Open Market Committee once again voted to maintain the target range of the federal funds rate at 3.5%-3.75%, ...
