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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...

Aug 3, 20232 min read

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

Jul 25, 20223 min read

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

Mar 8, 20224 min read

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

Feb 16, 20215 min read

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