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The federal financial regulatory agencies issued final guidance today to address the risks associated with funding and credit concentrations arising from correspondent relationships.A correspondent relationship occurs when a financial organization provides another financial organization with…
Eight federal regulators released an Online Form Builder today that financial institutions can download and use to develop and print customized versions of a model consumer privacy notice.The Online Form Builder, based on the model form regulation published in the Federal Register on December 1,…
Federal Reserve Board approves Banco Popular de Puerto Rico to acquire assets and assume liabilities of Westernbank Puerto Rico
Federal Reserve Board approves amendments to Regulation D authorizing Reserve Banks to offer term deposits
Federal financial regulatory agencies issue final guidance on correspondent concentration risks
This report uses analysis of the geographic distribution of Federal funding to discuss potential tradeoffs for distressed rural areas when shifting from one form of rural development assistance to another, particularly when shifting to greater use of Government-guaranteed loans. The study also uses…
Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- increased at an annual rate of 3.2 percent in the first quarter of 2010,(that is, from the fourth quarter to the first quarter), according to the "advance" estimate…
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to three counties in Connecticut and provide support to homeowners and low-income renters forced from their homes following last month's severe winter storms and…
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to five counties in Mississippi and provide support to homeowners and low-income renters forced from their homes due to April's severe storms, tornadoes and…
SAN FRANCISCO - The U.S. Department of Housing and Urban Development today presented over $2.2 million to several fair housing organizations to help fight housing discrimination in Northern California. John Trasvina, HUD's Assistant Secretary for Fair Housing and Equal Opportunity, made the…