Commentary by Steven Lofchie
A foreign banking organization settled charges with the Federal Reserve Board for failing to address known risks associated with a client investor that had an “increasingly concentrated [total return swaps] portfolio.”
President Joseph R. Biden nominated individuals for open positions on the Federal Reserve Board.
The OCC revised and updated the "Fair Lending" booklet for the Comptroller's Handbook.
President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.
The Office of the Comptroller of the Currency revised and updated booklets for the Comptroller's Handbook and the Comptroller's Licensing Manual.