The Federal Reserve Board solicited feedback on whether to amend regulations on reserve requirements to lower the rate of interest paid on excessive balances maintained at FRB banks by eligible institutions.
The Office of the Comptroller of the Currency updated the following booklets of the Comptroller's Handbook: "Bank Premises and Equipment," "Consigned Items and Other Customer Services," and "Litigation and Other Legal Matters."
Senator Elizabeth Warren (D-MA) sent letters to the CEOs of 16 major financial institutions asking for information related to the Consumer Financial Protection Bureau arbitration rule.
The Office of the Comptroller of the Currency will not petition the Financial Stability Oversight Council to delay the effective date of the Consumer Financial Protection Bureau arbitration rule.
The Democratic staff of the House Financial Services Committee, citing Republican efforts to repeal the Consumer Financial Protection Bureau arbitration rule, criticized efforts to "functionally terminate" the agency.
The U.S. House of Representatives voted to approve a joint resolution to block the recently adopted Consumer Financial Protection Bureau arbitration rule.