Federal Reserve Board extends comment periods

 The Federal Reserve Board on Friday extended the comment periods for two related proposals until Feb. 15, 2018. One would enhance the effectiveness of boards of directors. The other would implement a new ratings system for large financial institutions that would be aligned with the post-crisis supervisory program. The Board extended the comment periods to […]

 The Federal Reserve Board on Friday extended the comment periods for two related proposals until Feb. 15, 2018. One would enhance the effectiveness of boards of directors. The other would implement a new ratings system for large financial institutions that would be aligned with the post-crisis supervisory program.

The Board extended the comment periods to allow interested persons more time to analyze the issues and prepare their comments. Comments on both proposals had been due Nov. 30.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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