Top headlines in today’s news …
A $10 billion commercial paper funding facility (CPFF) to support the flow of credit to households and businesses will be set up by the Federal Reserve to provide, it said Tuesday, a liquidity backstop to […]
The federal bank deposit insurer on Monday announced steps it’s taking amid ongoing concerns regarding the coronavirus, including the cancellation of Tuesday’s open board meeting and suspension of its early retirement and separation programs announced […]
Use of the Federal Reserve’s discount window to continue supporting households and businesses in the face of the spreading coronavirus was encouraged in a statement issued Monday by all three of the federal banking agencies, […]
Reserve requirement ratios will drop to 0% effective March 26, the Federal Reserve said Sunday, as it announced a series of actions to encourage financial institutions to step up the availability of credit in the […]
The U.S. joined central banks of Canada, England, Japan, Europe, and Switzerland Sunday to announce coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. Under this action, […]
House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and the panel’s task force and subcommittee chairs are is pushing Treasury, financial regulators, financial trades and consumer reporting agencies for action and information on the steps […]
Easing the potential burden in accounting for reference rate reform is the aim of temporary optional guidance issued by the accounting profession’s standards board Thursday. The accounting standards update issued by the Financial Accounting Standards […]
An open meeting of the Federal Deposit Insurance Corp. (FDIC) Board next Tuesday will include board action on a proposal related to parent companies of industrial banks and industrial loan companies – the only topic to […]
Federal financial regulators joined in a conference call Tuesday with the Treasury secretary to discuss recent market conditions and activity related to the economic impact of the spread of the coronavirus, the Treasury Department said. […]
Taking actions on accounts without consumers’ knowledge or consent – including opening deposit and credit-card accounts in their names, transferring funds from their existing accounts to improperly opened accounts, and enrolling them in unauthorized online-banking […]
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