The president’s reappointment of Federal Reserve Board Gov. Michelle (“Miki”) Bowman to a full, 14-year term on the board could clear a routine procedural vote in the Senate shortly after that body resumes work Sept. […]
A private loan program for students faces a judgment of $60 million and an injunction prohibiting the company that ran the program from offering or providing student loans ever again, the consumer financial protection agency […]
Financial technology (fintech), partnering with a fintech company, and new products and services will be among the topics under discussion during “innovation office hours” sponsored by the Office of the Comptroller of the Currency (OCC) […]
How host state loan-to-deposit ratiosare used to determine national bank compliance with federal law prohibiting the use of interstate branches primarily for deposit production is covered under a bulletin issued Friday by the Office of […]
Title: Service Details on Federal Reserve Actions To Support Interbank Settlement of Instant Payments Subject: Instant payments Agency: Federal Reserve Status: Service announcement Summary: The Board of Governors of the Federal Reserve System (Board) has […]
Of the 42 Community Reinvestment Act (CRA) evaluations of banks made public by the agency in July, seven resulted in “outstanding” ratings and two resulted in ratings of “needs to improve,” the Office of the […]
(Updated Aug. 12, 2019) An interchange transaction fee survey that is completed annually by debit card issuers and payment card networks and submitted to the Federal Reserve would be renewed for three years with revisions […]
Some consumers expressed concern over the federal consumer financial protection agency’s practice of forwarding complaints received from other federal financial regulatory agencies on to the companies being complained about – something the agency indicated was […]
The rates depository institutions must pay the Federal Reserve Banks for primary and secondary credit extensions were both reduced by a quarter percentage point in July and were applicable Aug. 1, according to a Federal […]
Interest rates paid to banks are reduced by 25 basis points for reserve balance requirements and excess balances under a final rule by the Federal Reserve, according to a notice filed with the Federal Register […]
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