Slower trend economic growth, an aging population and demographic developments, and relatively weak investment are three key factors keeping interest rates low, Federal Reserve Board Vice Chairman Stanley Fischer said today. Addressing a conference in […]
A stay of the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will not be sought by the comptroller of the currency, given that Congress is considering use of the “Congressional Review Act” to […]
Keith Noreika, a Washington attorney, will serve as interim Comptroller of the Currency after Thomas J. Curry steps down Friday (May 5), it was reported today. Noreika is a partner with the firm Simpson Thacher […]
A proposal clarifying the information financial institutions are required to collect and report about their mortgage lending – helping them, in turn, comply with Home Mortgage Disclosure Act (HMDA) rules – was issued today by […]
Major streamlining – and perhaps outright elimination – of the Dodd-Frank regulatory reform legislation is under consideration by the Trump administration, the president said in a meeting Tuesday with leaders of various companies, and top […]
Calling it “tragic” if the lessons of the financial crisis were forgotten so quickly, outgoing Federal Reserve Board Gov. Daniel K. Tarullo Tuesday said it is crucial that a strong capital regime for financial institutions […]
Maintaining the security of confidential information from Federal Open Market Committee (FOMC) meetings is something the Federal Reserve is “committed” to, the central bank stated today in the wake of revelations of compromise of meeting […]
The structure of the Federal Reserve should not be changed lightly, as it achieves a practical balance that serves the country well, board Gov. Jerome H. Powell said in a policy speech Tuesday. “Throughout our […]
Providing additional flexibility to some mortgage lenders concerning the collection of consumer demographic information is the aim of a proposed amendment to Regulation B (Equal Credit Opportunity Act/ECOA) issued by the CFPB last week. According […]
Another step in granting federal banking charters to financial technology companies (fintech) was taken today with the release of a draft licensing manual supplement by the Office of the Comptroller of the Currency (OCC). According […]
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