Supervision and regulation of large banks will need to be strengthened in the wake of the recent failure of two institutions, the chair of the Federal Reserve Board said Wednesday. Speaking to the press following […]
Developments related to the failure of two large banks two weeks ago continued to emerge this week, with regulators promising a complete review of regulation and supervision, and even action for smaller banks should the […]
The federal panel that oversees states’ real estate appraiser and appraisal management company (AMC) requirements is seeking comments on a proposed “appraiser profession survey” that will focus in good part on barriers to entry to […]
Theoretically, digital currencies that are fully integrated into the financial system may lead to improvement in household welfare and decrease financial system volatility but could weaken banking-sector stability, according to a working paper published Wednesday […]
The situation in the banking system is stabilizing, and the U.S. system remains sound in the wake of bank failures last week, the secretary of the Treasury told a bankers’ group Tuesday. However, she added, […]
Activities, policy initiatives, and accomplishments of the federal credit union regulatory agency throughout 2022 are detailed in its annual report released Tuesday. The National Credit Union Administration (NCUA) looked at the past year’s most significant […]
Upgrades to a survey of credit card terms designed to increase price competition among the cards by allowing consumers to comparison shop for the best prices and products were announced Tuesday by the federal consumer […]
“Financial Stability in Times of Macroeconomic Uncertainty” is the topic for the November 2023 Financial Stability Conference, the Treasury’s financial research arm said Tuesday. In a release, the Treasury’s Office of Financial Research (OFR) said […]
A $17 million civil money penalty (CMP) was assessed Wednesday against the former head of Well Fargo Bank’s community bank for her alleged role in systemic sales practices misconduct, the regulator of national banks said. […]
An investigation into companies that track and collect information on people’s personal lives – known as data brokers – has been launched by the federal consumer financial protection agency, it said in a release Wednesday. […]
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