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Fed Extends Comment Periods for Two Related Proposals
On Friday, November 17, 2017, the Federal Reserve Board (Fed) announced it would extend, until February 15, 2018, the comment periods for two related proposals allowing interested parties additional time to analyze the issues and respond. The proposals included Legal Financial Institution Rating System; Regulation K and LL (Docket No. R-1569) and Proposed Guidance on Supervisory Expectations for Boards of Directors (Docket No. OP-1570).