Month: October 2020

Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad (1MDB)

Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad (1MDB)

Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad (1MDB)

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20201022a.htm

Consumer Financial Protection Bureau Releases Advance Notice of Proposed Rulemaking on Consumer Access to Financial Records

The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking requesting information related to consumer access to financial records.

The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking requesting information related to consumer access to financial records.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-releases-advance-notice-proposed-rulemaking-consumer-access-financial-records/

Agencies Issue Final Rule to Strengthen Resilience of Large Banks

The federal bank regulatory agencies on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period.

The federal bank regulatory agencies on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-138.html

Agencies Finalize Rule to Reduce the Impact of Large Bank Failures

The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations.

The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-137.html