Before settling on issuing a “central bank digital currency” (CBDC), broad support among the public – and in Congress – is a must, the Federal Reserve Board chair told a Senate committee Thursday. Testifying before […]
A meeting with invited financial institution representatives and other stakeholders to discuss ongoing concerns about ransomware and efforts to address those is slated next month by the Treasury Financial Crimes Enforcement Network (FinCEN), the agency […]
Inititiatives of the agency’s Office of Innovation (FDiTech) is on the agenda for a July 22 open meeting of the Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking, the agency announced Thursday. The meeting, […]
Data files for determining compliance with anti-redlining laws and rules, and for determining fulfillment with mortgage lending reporting rules, are now available, the federal financial institutions’ umbrella group said Wednesday. In separate releases, the Federal […]
Lending activity at banks increased a bit across the country over the last several weeks, but supply-side disruptions became more widespread, continuing to vex manufacturing, construction and other areas, according to the Federal Reserve’s latest […]
The “first phase” in the agency’s plan to resume onsite operations will begin July 19 at the National Credit Union Administration (NCUA), with staff and contractors permitted to volunteer to work onsite in locations where […]
An “enhanced” version of the Money Smart for Older Adults financial education curriculum and a separate informational brochure on COVID-19-related scams were announced jointly Wednesday by the Consumer Financial Protection Bureau (CFPB) and Federal Deposit […]
Achieving and sustaining maximum employment and price stability depends on a stable financial system, and the Federal Reserve continues to monitor vulnerabilities in the banking system, the chair of the agency’s board said in testimony […]
Two proposed rules will be considered by the board of the federal bank deposit insurer when it meets July 20 – on revisions to the standardized approach for calculating the exposure amounts of derivative contracts, and on […]
While the international financial system displayed resiliency in dealing with the coronavirus crisis last year, the impact of the pandemic may include further tests to resiliency ahead, according to a report published Tuesday by an […]
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