News Topic: Federal Reserve

The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening. ... Read full article

The agencies had proposed revisions designed to make compliance less complex, but banks have expressed concern that the plan could have the opposite effect. ... Read full article

The new rule will raise the asset threshold for firms eligible for the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement. ... Read full article

The Senate approved Richard Clarida as vice chairman of the Federal Reserve on Tuesday, while two other central bank nominees still await a vote. ... Read full article

Unilateral approaches to bank regulation are risky, but the OCC's plan to seek public comment independent of the other agencies could help shed light on a CRA debate that is now being waged internally. ... Read full article

The agency says it will act independently of other regulators to release a notice asking for public input on revamping the decades-old law. ... Read full article

Federal Reserve Chairman Jerome Powell said the fundamentals of the U.S. economic expansion look strong and support the case for continued gradual interest-rate increases. ... Read full article

A top regulator has signaled that the banking agencies are receptive to extending the comment deadline, after banks raised concerns about a proposed revision to the ban on proprietary trading. ... Read full article

Before the passage of the recent regulatory relief law, only banks with assets of less than $1 billion were on an 18-month exam schedule. ... Read full article

The regulation implements a recent legislative provision dealing with how banks comply with post-crisis liquidity requirements. ... Read full article

With strategic changes at key trade groups and attention shifting away from regulatory relief for community banks, the interests of large institutions have taken on more prominence. ... Read full article

The Troy, Mich., company is operating unfettered by regulatory orders for the first time in a decade, and its CEO says Flagstar now has the flexibility to pull the trigger faster on deals and accelerate its diversification beyond mortgages. ... Read full article

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences. ... Read full article

As director of the Fed's Division of Research and Statistics, David Wilcox is responsible for briefing the Federal Open Market Committee on the outlook for the national economy. ... Read full article

As the state phases in tougher requirements from its 2017 regulation, federal agencies continue to show an interest in updating their cyber policies. ... Read full article

The Michigan company had been operating under the supervisory agreement since 2010. ... Read full article

The Federal Reserve had ordered improvements in compliance, board oversight, risk management, capital planning and liquidity risk management that spanned multiple subsidiaries. ... Read full article

Lawmakers fear that regional banks could still get stung as the central bank implements a new law meant to ease their burden. ... Read full article