Regulatory Reform

July Developments

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July 28, 2011

• Federal Reserve seeks comment on proposal setting standards for banking organizations engaging in certain types of foreign exchange transactions
  Request for comment on a rule to permit banking organizations under its supervision to engage in off-exchange transactions in foreign currency with retail customers. The proposed rule also describes various requirements with which banking organizations must comply to conduct such transactions.
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July 27, 2011

• Testimony by Mark E. Van Der Weide, Senior Associate Director, Division of Banking Supervision and Regulation, on credit ratings agencies
  

July 25, 2011

• Communications with the public through July 25, 2011
  

• Report to the Congress on Credit Ratings
  

July 21, 2011

• Federal Reserve seeks comment on notice outlining regulations previously issued by the Office of Thrift Supervision
  

• Risk Management Supervision of Designated Clearing Entities
  

• Report to the Congress on Government-Administered, General-Use Prepaid Cards
  

• Study on the Resolution of Financial Companies under the Bankruptcy Code
  

• Study on International Coordination Relating to Bankruptcy Process for Nonbank Financial Institutions
  

• Testimony by Chairman Bernanke on the Dodd-Frank Act
  

July 19, 2011

• Report to the Congress on the Use of the Automated Clearinghouse System for Remittance Transfers to Foreign Countries
  

July 18, 2011

• Communications with the public through July 18, 2011
  

July 14, 2011

• Federal Reserve issues final rule to repeal Regulation Q, which prohibited the payment of interest on demand deposits
  

July 12, 2011

• Federal Reserve releases lists of institutions subject to, and exempt from, the debit card interchange fee standards
  

July 11, 2011

• Communications with the public through July 11, 2011
  

July 6, 2011

• Federal Reserve and FTC issue final rules to implement the credit score disclosure requirements of the Dodd-Frank Act
  

July 5, 2011

• Communications with the public through July 5, 2011