South Shore Bank Hit With $71K Penalty
The Federal Reserve Board assessed a $71,000 penalty this week against Weymouth-based South Shore Bank for violations involving flood insurance.
OCC Drops Trump-Era CRA Reform
The yearslong effort to update the Community Reinvestment Act will continue, this time with the three federal banking regulators working together, a move supported by both banks and community organizations.
PPP Liquidity Facility Extended a Final Time
The Federal Reserve Board has extended its Paycheck Protection Program Liquidity Facility for an additional month, saying in a statement on Friday that this would be the facility’s final extension.
Fed Creates Committee to Look at Climate Risks to Finance
With climate change projected to affect both the U.S. and global economies, the Federal Reserve Board will establish a new committee to look at the impact climate change could have on the broader financial system.
Fed Terminates Enforcement Action Against State Street
An enforcement action against Boston-based State Street Corp. over Bank Secrecy Act and anti-money laundering regulations was terminated Thursday by the Federal Reserve Board.
Fed Releases Names Of Reserve Bank Chairs
The Federal Reserve Board on has announced the chairs and deputy chairs of the Federal Reserve Banks for 2017.
Fed Fines Forex Trader $1.2M Over Price Fixing
The Federal Reserve Board said this week that it will levy a $1.2 million fine on a former Barclays trader who is alleged to have manipulated foreign exchange (FX) pricing benchmarks.
Boston, New York Fed Presidents Reappointed To Five-Year Terms
The Federal Reserve Board approved the reappointment...State Street Hit With Enforcement Action
State Street Corp. and its subsidiary bank were hit...Fed Study: Americans Increasingly Optimistic About Finances, But Poorly Prepared
Americans are increasingly optimistic about their own...Fed Board Accepting New Advisory Council Applications
The Federal Reserve Board announced this week that it...
