🏦Federal Reserve Notice on Bank Holding Companies' Mergers and Acquisitions
The Federal Reserve System issued a notice regarding applications submitted for the formation, acquisition, and merger of bank holding companies. The notice details regulatory requirements, public comment procedures, and specified applications from various financial institutions, highlighting an ongoing commitment to maintaining oversight and transparency in the banking industry.
Learn More🏦Executive Order 14331
Executive Order 14331 aims to guarantee fair banking access by prohibiting restrictions based on political or religious beliefs. It addresses previous unlawful debanking practices and mandates financial institutions to focus on objective risk analysis when providing services. The order outlines clear guidelines for banking regulators to eliminate politicized actions and reinstates access for previously denied clients.
Learn More🏦FDIC Notice on Information Collection Activities for Business Compliance
The Federal Deposit Insurance Corporation (FDIC), as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection described below (OMB Control No. 3064-0092 and -0169).
Learn More🏦Proposed Amendments to Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) propose to amend their Community Reinvestment Act (CRA) regulations by rescinding the final rule titled "Community Reinvestment Act" published in the Federal Register on February 1, 2024, and replacing it with the agencies' CRA regulations in effect on March 29, 2024, with certain conforming and technical amendments. The agencies are also proposing technical amendments to their regulations implementing the CRA sunshine requirements of the Federal Deposit Insurance Act, and the OCC is proposing technical amendments to its Public Welfare Investments regulation.
Learn More🏦Federal Reserve Notice on Nonbanking Activities Proposals
The Federal Reserve System issued a notice regarding proposals for bank holding companies to engage in or acquire companies involved in permissible nonbanking activities. This includes compliance requirements, public transparency, and avenues for public comment, impacting business operations within the banking sector.
Learn More📊Federal Reserve Announces Reporting Extension for Financial Institutions
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB No. 7100- 0376).
Learn More📊Federal Reserve Extends Recordkeeping Provisions for Incentive Compensation
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies (FR 4027; OMB No. 7100-0327).
Learn More🏦Proposed Regulation on Investment in Bank Premises Notification
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Investment in Bank Premises Notification (FR 4014; OMB No. 7100-0139).
Learn More📊FDIC Notice on Proposed Information Collection Renewal for Banks
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0095 and -0218).
Learn More💰Inflation Adjustments for Civil Money Penalties Effective 2025
This document announces changes to the Office of the Comptroller of the Currency's (OCC) maximum civil money penalties as adjusted for inflation. The inflation adjustments are required to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
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