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19 News Results

A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.

The Federal Reserve Board adopted an interim final rule to extend an exception for certain Paycheck Protection Program loans by bank executive officers, directors and principal shareholders.