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Results 1 - 10 of 879 |
Posted Date: Tuesday, April 23, 2024
The Federal Reserve’s proposed changes to regulations on interchange fee caps have received pushback from the financial sector and sparked disagreement among Fed Board governors. The Fed extended the comment period by 90 days, until May 12, in response to industry concerns about needing more time to evaluate the rule’s implications.
Comments have continued to roll in from banks, credit unions, legislators, merchants and non-profit organizations expressing mostly opposition to the proposal. Read on »
Posted Date: Tuesday, April 23, 2024
Federal regulators are constantly addressing issues facing financial institutions of all sizes. In this roundup, learn about recent developments and remarks pertaining to some of the largest banks in the world, as well as smaller, community-based institutions. Read on »
Posted Date: Tuesday, April 16, 2024
Provident Financial Services, Inc., received regulatory approval to acquire all assets of Lakeland Bancorp, Inc., in a merger between the two New Jersey-based bank holding companies and their subsidiaries. Federal regulators conducted extensive analyses assessing the merger’s potential impact on the financial marketplace, the results of which were included in a Federal Reserve order approving the transaction. Read on »
Posted Date: Friday, April 12, 2024
Industry organizations hoping for the long-anticipated interest rate cuts to be approved by the Federal Reserve this spring or early summer may have to wait longer than expected, based on minutes released from the Federal Open MIndustry organizations hoping for the long-anticipated interest rate cuts to be approved by the Federal Reserve this spring or early summer may have to wait longer than expected, based on minutes released from the Federal Open Market Committee’s March meeting. arket Committee’s March meeting. Read on »
Posted Date: Tuesday, April 9, 2024
The legal battle over modernized Community Reinvestment Act requirements has culminated in a preliminary injunction in federal court. Dodd Frank Update spoke with Garris Horn PLLC Co-Managing Partner Richard Horn about the development, which did not come as a shock to many industry insiders aware of the challenges presented by the cumbersome final rule. Read on »
Posted Date: Friday, April 5, 2024
In a move that strengthened the bank’s presence in the state of Virginia, Atlantic Union Bankshares Corp. completed a merger with American National Bankshares Inc. on April 1. The acquisition brings Atlantic Union’s total assets to $24.3 billion, including $19.4 billion in total deposits and $17.9 billion in total loans held for investment. Read on »
Posted Date: Tuesday, April 2, 2024
Federal regulators are taking various steps to help safeguard consumers and businesses against risks posed by emerging technology. Learn about one agency’s newly effective rule targeting a specific type of scammer, as well as other recent developments. Read on »
Posted Date: Tuesday, March 26, 2024
The Federal Reserve and the Office of the Comptroller of the Currency coordinated separate actions against JPMorgan Chase & Co. for alleged deficiencies in the firm’s trade surveillance program, which the company previously disclosed.
The company agreed to pay approximately $348.2 million in total fines levied by the two agencies and undertake specific corrective actions. Read on »
Posted Date: Tuesday, March 26, 2024
Federal banking agencies have extended the implementation period for certain provisions of their modernized Community Reinvestment Act (CRA) rules. Covered entities will have until Jan. 1, 2026, to align their CRA compliance policies and procedures with the revised rules, which had an original applicability date of April 1 of this year. Read on »
Posted Date: Friday, March 22, 2024
The Federal Reserve announced it would once again keep the target range for the federal funds rate at 5-1/4 to 5-1/2 percent while pointing to positive economic indicators of continued growth, despite lingering inflation concerns. Read on »
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