Board Actions

Actions taken during the week ending October 20, 2007

Banks, Foreign

ICICI Bank Limited, Mumbai, India -- to establish a branch in New York, New York.
-Approved, October 18, 2007

Enforcement

Progress Bancshares, Inc., Sullivan, Missouri, and Progress Bank of Missouri -- cease and desist order dated June 29, 2006, terminated September 28, 2007.
-Announced, October 15, 2007

Forms

Forms -- final Board review to extend without revision the Studies of Board Publications (FR 1373a,b) and the disclosure requirements of Regulation CC, which implements the Expedited Funds Availability Act.
-Approved, October 15, 2007

Regulations And Policies

Regulation V -- final interagency regulations on affiliate marketing to implement provisions of the FACT Act that restrict the use of consumer information for marketing products and services (Docket No. R-1203).
-Approved, October 17, 2007

Testimony And Statements

Community Reinvestment Act and its Enforcement -- statement by Sandra Braunstein, Director, Division of Consumer and Community Affairs, before the Subcommittee on Domestic Policy of the House Oversight and Government Reform Committee on October 24, 2007.
-Reviewed, October 18, 2007