Bank regulators narrow what counts as unsafe banking and when examiners can issue warnings
The Comptroller of the Currency and the FDIC define an unsafe or unsound practice as one breaking prudent standards and likely to materially harm a bank's finances or the insurance fund. Formal examiner warnings are limited to legal violations and practices reasonably expected to cause such harm.
Who it affects
Banks supervised by the Comptroller of the Currency or the FDIC
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.
A new prohibited area bars aircraft from the ground to 1,000 feet within about one nautical mile of Trump Tower, the President's New York home, unless the Secret Service allows entry. It follows a temporary restriction there and keeps the East River helicopter route open.
The FAA creates area navigation route T-581 between the Missoula and Kalispell navigation beacons in western Montana, giving pilots another route and air traffic control more options.
Social Security revises its disability listings for heart and blood vessel disorders, adds listings for aortic valve disease, cardiomyopathy and artery disease in transplanted hearts and updates the criteria for heart failure and other conditions. They apply to new and pending adult and child claims.
EPA grants California's request for five more years for the Los Angeles-South Coast Air Basin to meet the annual fine particle (PM2.5) air quality standard, finding the state has met the legal conditions for the extension.
The Federal Reserve will release proposed stress test scenarios each January for at least 30 days of public comment, and will seek comment on material model changes before using them. It also finalizes the models for the coming test.