Klaros GroupAug 20, 20234 min readThe Klaros take on the new Fed Guidance on novel activitiesThe Fed’s announcement regarding its Novel Activities Supervision Program makes clear that some state member banks that partner with...
Andreas WestgaardAug 3, 20232 min readDecoding the new regulatory guidance on third-party relationshipsBY ANDREAS WESTGAARD AND CHRISTINA HUNT-FUHR The much-anticipated guidance on third-party relationships issued in June by the Fed, OCC,...
Tracy BasingerJul 25, 20223 min readThe Interagency CRA Proposal Redefines Financial InclusionBY TRACY BASINGER Time is getting short for bankers to submit comments on the proposed interagency revamp of the Community Reinvestment...
Jonah CraneMar 8, 20224 min readKlaros Insights: Fed Proposes Tiered Approach to Master Account ApplicationsBy Jonah Crane and Patrick Haggerty Last week, the Federal Reserve Board (Board) issued a supplement to its proposed guidelines for...
Andreas WestgaardFeb 16, 20215 min readQ&A on the Federal Reserve’s FedNow ServiceThe Federal Reserve recently announced that it would launch its real-time payments system, FedNow, in 2023. This revised timeline...