🇺🇸
US Reg Round Up: 13/12/2024
Federal Reserve Federal Reserve Board provides technical clarification that its account access guidelines apply to excess balance accounts - 09 December 2024 The Federal Reserve Board has clarified that its account access guidelines also apply to excess balance accounts (EBAs). EBAs are limited-purpose accounts at Federal Reserve Banks used to
US Reg Round Up: 27/11/2024
Federal Reserve Federal Reserve announces details of periodic review of monetary policy strategy - 22 November 2024 The Federal Reserve has announced additional details regarding its periodic review of monetary policy strategy, tools, and communications. This review will focus on the Federal Open Market Committee's (FOMC) Statement on
US Reg Round Up: 13/11/2024
Federal Reserve Brief updates on information collections on the Data collections currently under review by the board of Governors November 4, 2024: * FR Z: The final OMB supporting statement was posted. October 29, 2024: * FR 4027: The draft OMB supporting statement and link to the initial Federal Register notice were
US Reg Round Up: 30/10/2024
Federal Reserve Minutes of the Board’s discount rate meetings on September 9 and 18, 2024 - 15 October 2024 In a recent meeting, the Federal Reserve Board reviewed economic conditions and decided to maintain the primary credit rate at 5.5%. Directors noted improvements in labor availability and moderate
Trump 2.0: what's next for financial regulation and Basel endgame
With his decisive win, President-Elect Trump has the potential to influence a broad spectrum of policy areas, from the economy to various regulatory rules and directives. As expectations grow for significant regulatory changes, his administration is set to advance a pro-business agenda that prioritises reduced oversight and altered compliance requirements.
US Reg Round Up: 10/10/2024
Federal Reserve Agencies announce increase in 2025 threshold for higher-priced mortgage loans - 4 October 2024 The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, and the Office of the Comptroller of the Currency have jointly announced that the threshold for higher-priced mortgage loans, which are subject to special
US Reg Round Up: 19/09/2024
Federal Reserve The FED issues FOMC statement - 18 September 2024 The Federal Reserve's Federal Open Market Committee (FOMC) recently announced that economic activity continues to expand at a solid pace, although job gains have slowed and the unemployment rate, while low, has increased slightly. Inflation is making
US Reg Round Up: 29/07/2024
Federal Reserve 2024 CRA list released for distressed and underserved nonmetropolitan areas - 12 July 2024 Federal bank regulatory agencies have published the 2024 list identifying distressed or underserved nonmetropolitan middle-income areas where certain bank activities can earn Community Reinvestment Act (CRA) credit. This list helps assess a bank'
US Reg Round Up: 18/06/2024
Securities and Exchange Commission SEC invites regulated entities to submit self-assessment of diversity- 5 June 2024 The Securities and Exchange Commission (SEC) has initiated its biennial collection of Diversity Self-Assessment Submissions from regulated entities. This process allows organizations to evaluate their diversity and inclusion policies, identifying strengths, opportunities, risks, and
US Reg Round Up: 27/05/2024
Federal Reserve Agencies announce inflation-adjusted dollar thresholds for Regulation CC - 13 May 2024 The Fed and the Consumer Financial Protection Bureau have both updated the inflation dollar amounts relating to the availability of customer funds. These changes affect Regulation CC, including minimum amounts of deposited funds that banks must