Merchandise obtained by customers from a leasing firm will be kept by those who leased it, and the firm will pay a $2 million penalty, after a federal agency found the firm tricked the customers […]
Risk governance and capital markets are topics of focus for two workshops set late next month in Dallas by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said the […]
A central bank digital currency (CBDC) continues to be studied by the Federal Reserve, its top supervisor said Friday – but the official emphasized that the agency has made no decision yet and reiterated that […]
‘“Pig butchering,” called a “prominent virtual currency investment scam” by Treasury’s financial crimes enforcement unit, is the target of an alert issued Friday warning of the swindle by the agency. According to the Financial Crimes […]
Net income at the nation’s banks was down in the second quarter compared to the previous quarter, the federal bank deposit insurance agency said Thursday, adding that net interest margins at banks also fell for […]
Regulations imposed by mobile operating systems owned by “big tech” companies can have a significant impact on innovation, consumer choice, and the growth of open and decentralized banking and payments in the U.S., according to […]
Adriana Kugler was confirmed to a 14-year term on the board of governors of the Federal Reserve Thursday, the first Hispanic to serve on the agency’s governing panel. Kugler was approved on a vote of […]
Phillip N. Jefferson was confirmed as the next vice chair of the Federal Reserve Wednesday by a Senate vote of 88-10. He replaces former Fed Gov. Lael Brainard in the role; Brainard resigned in February […]
Consumer loan balances rose during July and August, most bankers told the Federal Reserve, but other financiers cited mixed experiences in loan demand, according to a report released Wednesday. In its latest Beige Book, the […]
A total of $33 billion in commercial real estate (CRE) loans of a failed New York, N.Y., bank – mostly for multifamily residences – is up for sale over the next three months, the federal bank […]
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