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 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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