Banking – Week of September 14 in Review

During the past week, the regulators returned to full action.  The Federal Open Market Committee raised the target range for the federal funds rate by 25 basis points.  On the rule-writing front, the FDIC proposed amendments to its bank merger rules and to preemption of out-of-state rules that might apply to state banks.  Two new de novo applications were filed at the OCC, while other applications that would have resulted in a new national digital bank were withdrawn.  The OCC and the New York Department of Financial Services issued guidance on cybersecurity.

Read the full detailed report in the PDF linked below: