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 FDIC adopted a final rule that will rescind regulations concerning the fiduciary powers of state savings associations and amend regulations regarding consent requirements for the exercise of trust powers.
President Donald J. Trump signed (i) an Executive Order setting forth "Core Principles for Regulating the United States Financial System" and (ii) a memorandum regarding the Department of Labor’s fiduciary rulemaking.
The Office of the Comptroller of the Currency ("OCC") issued an updated booklet titled "Personal Fiduciary Activities." The booklet is part of the Comptroller's Handbook. The revised booklet, which replaces the August 2002 version, provides updated guidance for examiners on risks and expected...