Top headlines in today’s news …
Overall affordability of homes declined significantly in 2022, with borrowers spending more of their income on mortgage payments and lenders more often denying applications for insufficient income, the federal consumer financial protection agency said Wednesday. […]
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 […]
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 […]
Is current weak demand in commercial real estate (CRE) a repeat in the type of decline seen over the past several years in commercial shopping malls? A new paper released Thursday by Treasury’s financial research […]
Proposed rules on long-term debt requirements for certain banks and holding companies and more effective resolution plans, among other regulatory actions, are on the agenda for a meeting next week of the board of the […]
Regions Bank of Birmingham, Ala., was assessed a $2.95 million civil money penalty this month over unsafe and unsound practices in its flood insurance program, according to a consent order released Tuesday by the Federal […]
A non-bank company that reportedly claims relationships with two insured depository institutions (IDIs) and asserts the availability of “FDIC-insured” crypto accounts was told Friday that it and certain of its officers must “cease and desist […]
Proposed revisions to regulatory capital requirements for banking organizations with $100 billion or more in total assets were issued jointly Thursday by the Federal Deposit Insurance Corp. (FDIC), Federal Reserve Board, and Office of the […]
The banking system is sound and resilient, the interest-rate setting committee of the Federal Reserve Board said Wednesday following action by the panel to raise interest rates by 25 basis points, citing inflation risks – […]
Nearly four years after announcing its intention to launch a round-the-clock payment service, the Federal Reserve Thursday said the day had finally arrived: the FedNow Service, the 24-hour-a-day tool for providing faster payments, is finally […]
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