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Commentary on the Latest In Financial Services & Regulation

The Klaros take on the new Fed Guidance on novel activities

The Fed’s announcement regarding its Novel Activities Supervision Program makes clear that some state member banks that partner with...

Decoding the new regulatory guidance on third-party relationships

BY ANDREAS WESTGAARD AND CHRISTINA HUNT-FUHR The much-anticipated guidance on third-party relationships issued in June by the Fed, OCC,...

The Interagency CRA Proposal Redefines Financial Inclusion

BY TRACY BASINGER Time is getting short for bankers to submit comments on the proposed interagency revamp of the Community Reinvestment...

Klaros Insights: Fed Proposes Tiered Approach to Master Account Applications

By Jonah Crane and Patrick Haggerty Last week, the Federal Reserve Board (Board) issued a supplement to its proposed guidelines for...

Q&A on the Federal Reserve’s FedNow Service

The Federal Reserve recently announced that it would launch its real-time payments system, FedNow, in 2023. This revised timeline...

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