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Novel bank denied Fed master account

A novel financial institution that would pass deposits directly into a Federal Reserve master account announced it was denied access to a Fed master account.

Feb 27, 2024
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Article
Federal Reserve

ICBA urges agencies to ensure reg review provides substantive relief

ICBA called on federal banking regulators to ensure their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act provides substantive regulatory relief for...

Feb 23, 2024
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Article
Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRPRA s.2155)

ICBA to Agencies: Latest Regulatory Review Should Provide Substantive Relief to Community Banks

ICBA today called on federal banking regulators to ensure their latest regulatory review under the EGRPRA provides substantive regulatory relief for community banks, which previous reviews under...

Feb 22, 2024
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Article
Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRPRA s.2155)

Bowman: Regulators should not dictate bank strategy

The role of the Federal Reserve and other regulators in overseeing banks is not to make credit allocation decisions, but to ensure institutions manage their material risks, Fed Governor Michelle...

Feb 22, 2024
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Article
Federal Reserve