Federal Reserve Board announces it will extend for an additional quarter several measures to ensure that large banks maintain a high level of capital resilience

Federal Reserve Board announces it will extend for an additional quarter several measures to ensure that large banks maintain a high level of capital resilience

Federal Reserve Board announces it will extend for an additional quarter several measures to ensure that large banks maintain a high level of capital resilience

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200930b.htm

Federal Reserve Board invites public comment on proposal that would update the Board’s capital planning requirements to be consistent with other Board rules that were recently modified

Federal Reserve Board invites public comment on proposal that would update the Board’s capital planning requirements to be consistent with other Board rules that were recently modified

Federal Reserve Board invites public comment on proposal that would update the Board's capital planning requirements to be consistent with other Board rules that were recently modified

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200930a.htm

Agencies Issue Two Final Rules

The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. The final rule temporarily deferring appraisal and evaluation requir…

The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. The final rule temporarily deferring appraisal and evaluation requirements is substantially similar to the interim final rule issued in April. The final rule pertaining to Federal Reserve liquidity facilities adopts without change three interim final rules issued in March, April, and May, 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-129.html

Federal Reserve Board announces termination of enforcement actions with Habib Bank Limited and Habib Bank Limited New York Branch and Persons Banking Company, Inc.

Federal Reserve Board announces termination of enforcement actions with Habib Bank Limited and Habib Bank Limited New York Branch and Persons Banking Company, Inc.

Federal Reserve Board announces termination of enforcement actions with Habib Bank Limited and Habib Bank Limited New York Branch and Persons Banking Company, Inc.

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20200929a.htm

CFPB, FTC, State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection

‘Operation Corrupt Collector’ targets debt collectors trying to collect on non-existent debts, using illegal scare tactics

‘Operation Corrupt Collector’ targets debt collectors trying to collect on non-existent debts, using illegal scare tactics

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-ftc-state-and-federal-law-enforcement-partners-announce-nationwide-crackdown-phantom-and-abusive-debt-collection/

Statement by the Acting Comptroller of the Currency Regarding FSOC’s Consideration of Secondary Mortgage Market Activities

Acting Comptroller of the Currency Brian P. Brooks made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the FSOC’s activities-based review of secondary mortgage market activities and issu…

Acting Comptroller of the Currency Brian P. Brooks made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the FSOC's activities-based review of secondary mortgage market activities and issuance of a public statement on the subject.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-128.html

Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk

Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk

Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20200925a.htm