Globally consistent, comparable, and reliable disclosures as well as a broader set of high-quality, relevant data together can provide the basis to assess the risks of climate change, particularly on financial stability, the vice chair […]
Financial institutions remained resilient through the first six months of 2021, although some vulnerabilities – such as households and businesses under strain – have increased since February, the Federal Reserve said Friday in its semiannual Monetary […]
In yet another sign that the U.S. economy is growing quickly, consumer credit outstanding increased at a rate of 10% in May (seasonally adjusted), the Federal Reserve reported Thursday. The agency also reported an 11.4% […]
Looking for a lively interactive webcast on project management and construction services? The Federal Reserve has what you seek, it says, coming in a July 21 one-hour webcast. The agency, in a website posting (and […]
A man pleaded guilty last week in a Florida federal court to using bogus identities in a scheme to steal $24 million of COVID-19 relief funds using shell companies he and other alleged conspirators created […]
The position of chief operating officer (COO) is “retired” at the national bank regulator, under a reorganization plan announced Tuesday by the agency; however, the veteran occupant of that position will stay with the agency […]
A list of entities for which a “primary purpose exception notice” has been submitted under brokered deposits rules is available under an updated resources page on the website of the federal insurer of bank deposits. […]
Consumer complaints about federal student loans fell off during the coronavirus crisis, but overdraft fees on checking accounts surged due to financial institutions attempting to help consumers have access to economic impact payments (EIPs), according […]
Adoption or use of some alternative interest rate references to replace the soon-to-be-defunct LIBOR may pose safety and soundness reputational risks, according to a letter sent Thursday to Federal Home Loan Banks (FHLBs) from their federal […]
The list of jurisdictions with strategic money laundering risks and financing of terrorism and weapons of mass destruction proliferation risks has been updated by Treasury’s top anti-money laundering unit and now includes Haiti, the Philippines […]
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