Activists Sue Fed Over NationsBank/Boatmen's
WASHINGTON - Two community groups sued the Federal Reserve Board on
Bronx, N.Y.-based Inner City Press/Community on the Move and the New
Separately, the two groups asked the Fed on Dec. 22 to reconsider the
NationsBank chief financial officer James H. Hance Jr. responded to the
Fed Studying Consumer Finance and Privacy
WASHINGTON - The Federal Reserve Board on Tuesday asked for help in
The Fed said it will use the responses to draft a congressionally
The Fed specifically wants to know:
*What type of information is currently available on consumers?
*How are financial documents obtained?
*Are there rules or guidelines that govern the sale of consumer
*How have consumer data been used for illegal purposes?
*Which consumer data are most important in making credit decisions?
*How much money do companies lose from people who fraudulently use
*What laws are needed to protect these data?
Comments are due Jan. 31.
Ex-BT Official Banned; Insider Trading Cited
WASHINGTON - The Federal Reserve Board has banned from banking a former
In a Dec. 23 order, the Fed said Nir Kantor used confidential
Mr. Kantor also may not serve on the board or vote as a stockholder of
In a settlement, Mr. Kantor agreed to the order but did not admit to any
Financial Directory for Development Projects
WASHINGTON - Hoping to help banks earn Community Reinvestment Act
The directory includes information on the amount of capital initially
To obtain a copy of the directory, contact the Fed at 202-452-3378.
- Compiled by Jaret Seiberg