Richard Clarida

April 16, 2018 The Fed 0

INFO, BACKGROUND ON RICHARD CLARIDA

BIRTH DATE	May 18, 1957
POSITION	Vice Chairman, Federal Reserve Board
EDUCATION	B.S., University of Illinois M.S., Ph.D., Harvard University
EXPERIENCE	Government: 2002: Assistant Secretary for Economic Policy, U.S. Treasury Senior Staff Economist, Council of Economic Advisers (President Reagan) Education: 2008-present: Lowell Harriss Professor of Economics at Columbia University Professor, Yale University Other: 2006 - present: Global Strategic Advisor, PIMCO.

Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection agency Friday filed suit against [...]
WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

December 20, 2024 0

The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit Union Administration (NCUA) said for [...]
FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

December 20, 2024 0

An alert about fraud schemes abusing the name, insignia, and authorities of Treasury’s financial crimes enforcement unit for financial gain was issued this week to warn corporations, money services businesses and financial institutions and urge that suspected incidents be reported. [...]
OCC annual report notes sound banking system, but urges banks to guard against complacency

December 20, 2024 0

The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the Currency (OCC) said the report [...]

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