October 15, 2004 News Archive

Financial Institution Regulators Announce a New Consumer Publication
The federal financial institution regulatory agencies announce the publication of a new consumer publication, Protecting Yourself from Overdraft and Bounced- Check Fees. The brochure's key message to consumers is that managing accounts wisely is the best way to avoid overdraft and bounced-feck fees. This includes keeping an updated check register, recording all electronic transactions, including automatic bill payments, and monitoring account balances carefully.

Bank Regulatory Agencies Issue Comment Letter on SEC's Proposed Broker Rules for Banks
The federal bank regulatory agencies issued a letter responding to the Securities and Exchange Commission's (SEC) on the agency's proposed Regulation B. Proposed Regulation B would implement the exceptions for bank "broker" activities that Congress adopted in the Gramm Leach-Bliley Act.