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Federal Reserve Board finalizes standards for Fed-regulated banks engaged in certain types of foreign exchange transactions with retail customers
Release Date: April 4, 2013 For immediate release The Federal Reserve Board on Thursday announced the finalization of standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers. The rule, issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, establishes requirements for risk disclosures to customers, recordkeeping, business conduct, and documentation for retail foreign exchange transactions.
Tips to Deal with the After Effects of Flooding and Water Damage
BETTER BUSINESS BUREAU ® PRESS RELEASE FOR FURTHER INFORMATION CONTACT : Tom Joyce, Better Business Bureau of Chicago & Northern Illinois, 312.245.2643; tjoyce@chicago.bbb.org Tips to Deal with the After Effects of Flooding and Water Damage CHICAGO , IL – April 4, 2013 – Although May has beautiful flowers, one must first weather the stormy showers of April. The Better Business Bureau serving Chicago and Northern Illinois (BBB) advises both renters and homeowners to prepare for April showers so they are not caught off guard if they have to deal with water damage or flooding.
Federal Reserve Board announces enforcement action with HSH Nordbank AG
Release Date: April 4, 2013 For immediate release The Federal Reserve Board on Thursday announced the execution of the following enforcement action: HSH Nordbank AG (PDF) , Hamburg, Germany and HSH Nordbank AG, New York Branch, New York, New York Written Agreement dated March 25, 2013 Search of Federal Reserve enforcement actions . For media inquiries, call 202-452-2955.
Federal Reserve Board approves final rule establishing requirements for determining when a company is "predominantly engaged in financial activities"
Release Date: April 3, 2013 For immediate release The Federal Reserve Board on Wednesday announced approval of a final rule that establishes the requirements for determining when a company is “predominantly engaged in financial activities.” The requirements will be used by the Financial Stability Oversight Council (FSOC) when it considers the potential designation of a nonbank financial company for consolidated supervision by the Federal Reserve. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, a nonbank financial company can be designated by the FSOC for supervision by the Federal Reserve only if it is “predominantly engaged in financial activities.” A company is considered to be predominantly engaged in financial activities if 85 percent or more of the company’s revenues or assets are related to activities that are defined as financial in nature under the Bank Holding Company Act.
Springtime Is Moving Time for Many Renters
BETTER BUSINESS BUREAU® NEWS RELEASE FOR FURTHER INFORMATION CONTACT: Tom Joyce, Better Business Bureau Serving Chicago & Northern Illinois, 312.245.2643; tjoyce@chicago.bbb.org Springtime Is Moving Time for Many Renters Chicago , IL- April 2, 2013 – The April-May time period is when many leases expire and renters move. If you are among the 28 percent of Chicagoans, or the 11 percent state-wide, who rent and are considering a move, the Better Business Bureau serving Chicago and Northern Illinois (BBB) recommends doing your homework before selecting a mover.
Better Business Bureau Identifies What Paperwork to Keep When Spring Cleaning
CHICAGO , IL – March 28, 2013 – Although the temperatures are still low, spring has arrived and it is a good time to rid your home of the clutter and paperwork you have accumulated over the past year. However, when it comes to reviewing your financial records, it is important to know what to keep, what to discard, and when.
Board begins 2013 Survey of Consumer Finances
Release Date: March 27, 2013 For immediate release The Federal Reserve Board in April will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of all types of American families. The survey has been undertaken every three years since 1983.
Better Business Bureau Tips for Using Your 2013 Tax Refund
Chicago , IL -March 26, 2013 – Deciding what to do if you receive a tax refund is an important decision in this economy. The Better Business Bureau serving Chicago and Northern Illinois (BBB) advises consumers to consider a few options that can provide some long-term financial benefits.
Federal Reserve Board announces enforcement action with Citigroup and termination of enforcement action with East Dubuque Bancshares and East Dubuque Savings Bank
Release Date: March 26, 2013 For immediate release The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Citigroup Inc., (PDF) New York, New York Consent Order dated March 21, 2013 The Federal Reserve Board also announced the termination of the enforcement action listed below: East Dubuque Bancshares, Inc., East Dubuque, Illinois and East Dubuque Savings Bank, Dubuque, Iowa Written Agreement dated April 19, 2010 Terminated March 20, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
Increase in required electronic loan data fields
Federal Deposit Insurance Corporation Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency Conference of State Bank Supervisors For immediate release March 22, 2013 Federal and state bank supervisors today announced an increase in the number of required loan data fields in the Interagency Loan Data Request (ILDR). The federal agencies making today’s announcement were the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.