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4 Results from /retail, "Federal Reserve Board", 2006

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US regulators call for banks to "red flag" ID theft risks

US regulators are proposing the introduction of new rules that will require all banks to develop an identity theft prevention programme for customers that includes "red flags" to signal a possible risk of ID theft.

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Fed closes more cheque processing centres; cuts 130 jobs

The US Federal Reserve of Banks is shutting down three more cheque processing centres, leading to the loss of 130 jobs, despite recording a profit on operations last year.

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US financial sector passes resiliency test

Federal regulatory agencies in the US say that clearing and settlement organisations and other firms that play significant roles in critical financial markets are now considerably more resilient to wide-scale disruptions than before September 11.

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US regulators urge banks to plan for bird flu

US regulators are urging financial institutions across the country to devise contingency plans for dealing with a possible widespread outbreak of avian flu.