The so-called government-sponsored enterprise (GSE) patch – giving mortgages guaranteed by Freddie Mac and Fannie Mae “qualified mortgage” (QM) status – will be extended until a final rule is approved amending the general QM loan […]
The board of the federal insurer of bank deposits on split votes issued two final rules, and also issued an interim final rule Tuesday, including a regulation on bank liquidity that aims to ensure that […]
Longstanding capital and asset quality issues going back more than 10 years were the underlying reasons for a Florida bank becoming the third to fail so far in 2020, the federal insurer of bank deposits […]
Most households in the U.S. held at least one credit union or bank account in 2019, as the number of “unbanked” households dropped from two years earlier, the federal insurer of bank deposits said Monday. […]
Seemingly defying an order from the president to stop certain types of diversity training, and getting in line with business groups outwardly opposing that dictum, the chairman of the federal credit regulator’s board said Monday […]
Transitioning from LIBOR – the widely used but soon-to-be defunct benchmark interest rate banks use to lend to one another, and which also serves as the reference rate for loans to consumers for such products […]
A proposed revision of anti-redlining rules is scheduled to be unveiled for public comment Monday in the Federal Register, with a 120-day comment period assigned, ending on Feb. 16, 2021. In publishing the 173-page advance […]
The regulatory framework for banks that was established after the last financial crisis – the “global financial crisis” of 2008-10 – withstood the financial impact of the coronavirus crisis, the Federal Reserve’s top supervisor said […]
A ”concrete set of proposals” for addressing non-bank financial institutions’ (NBFI) growth as financial intermediaries will be presented to the G20 Summit next month, the Federal Reserve’s top supervisor said Wednesday. Federal Reserve Board Vice […]
The recession resulting from the financial impact of the coronavirus crisis was the deepest one since the end of World War II, the vice chair of the Federal Reserve said Wednesday – but it may […]
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