Two in three of U.S. businesses say they are likely to use instant payments if offered by their primary financial institution, according to survey results issued Thursday by the Federal Reserve Financial Services (FRFS). Also, […]
Seven of the 12 Federal Reserve Bank districts reported either unchanged or slight to modest declines in economic activity over the last month, according to a report issued by the Federal Reserve Wednesday. In its […]
A new contractor to market failing financial institutions through a virtual data room (VDR) has been hired by the federal bank deposit insurance agency, it said Wednesday, beginning next month. In a letter to banks […]
Remaining National Credit Union Administration (NCUA) Board meetings listed for 2025 are now labeled “tentative” on the agency’s published schedule – and if one does occur, it could well be a meeting of “me, myself and […]
The chair of the Federal Reserve Board and the Treasury secretary kept in relatively close contact in at the year’s beginning, according to the chair’s published calendar, but there was no contact with President Donald […]
“Precedent and standing delegations of authority” are in place to continue performing all operational and statutory requirements with only one board member for the federal credit union regulator, that sole panelist said in a message […]
A merger of Discover Bank, Greenwood, Del., into Capital One, National Association, McLean, Va., was approved by two federal banking regulators Friday on condition that Discover Bank and its affiliates satisfy requirements of a consent […]
A federal judge blocked the Trump administration’s plan to fire approximately 1,500 staff – about 90% — at the federal consumer financial protection agency Friday, saying she was considering whether the action violated a previous […]
Resolution plans for large banks will no longer require the institutions to use a bridge bank strategy and a hypothetical failure scenario in the plan, the federal insurer of bank deposits said Friday. In a […]
Changes in annual stress tests for large banks – including by averaging test results over two consecutive years – were issued for public comment late Thursday by the Federal Reserve. In a release, the agency […]
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