Federal Reserve
6 articles
GENIUS Act stablecoin rules: Fed proposes reserve, capital terms
The Fed proposed reserve, capital, custody and application rules for Board-supervised payment stablecoin issuers under the GENIUS Act; comments run 60 days.
Fed prohibition orders target embezzlement, check fraud, conflicts
The Fed barred three former bank and card-company employees from the industry over embezzlement, a check-fraud ring and an undisclosed conflict of interest.
Fed ends enforcement orders at United Texas Bank and Quontic
The Federal Reserve terminated a 2024 cease and desist order at United Texas Bank and a 2023 written agreement with Quontic's holding companies on September 2.
Fed written agreement restricts SouthPoint; Deutsche order ends
The Fed signed a written agreement with SouthPoint Bancshares limiting dividends and debt, and ended a 2017 cease and desist order against Deutsche Bank units.
Regulation O proposal would update insider lending limits
The Federal Reserve proposed its first broad rewrite of Regulation O since 1979, updating insider credit thresholds and indexing them to economic growth.
Bank enforcement action bars ex-lending chief over altered appraisals
The Fed barred a former Illinois chief lending officer from banking over altered appraisals and loans backed by unlicensed appraisers that hurt a later owner.