Top headlines in today’s news …
The latest in the Federal Reserve’s series of triennial studies on payments shows continuing, faster growth in the overall use of “core” noncash payment types – credit and debit cards, automated clearinghouse (ACH) system, and […]
Cold water was essentially thrown on the prospect of the U.S. central bank issuing a digital currency – at least for the near term – as a member of the bank’s board Wednesday cited “profound […]
Resolution plans submitted to federal regulators by six of the eight banks that were required to submit them for 2019 showed “shortcomings” in the banks’ ability, in stressed conditions, to “reliably” produce the data needed […]
The Federal Reserve remained mum Friday about its plans for modernizing the Community Reinvestment Act (CRA) the day after its sister federal banking regulators issued their own proposals for making changes to anti-redlining rules. Thursday, […]
A proposed rule that would give banks new flexibility when working to comply with anti-redlining laws was approved for comment by the board of the federal insurer of bank deposits Thursday. On a split vote […]
A rule to subject some credit unions to “risk-based capital” (RBC) requirements was delayed until 2022 on a split vote of the board for the federal regulator of credit unions Thursday. The delay is the […]
On the eve of a sister regulator moving forward in publicly proposing revisions to rules implementing anti-redlining laws at banks, the chair of the Federal Reserve made it clear that his agency is not ready […]
The chairman of the federal agency that insures bank deposits set the stage Wednesday for a proposed brokered deposits rule queued up for discussion during this week’s open board meeting, with the proposal expected – […]
Five of the total 37 recommendations the congressional watchdog agency has made to financial regulators since enactment of the 2010 law responding to the financial crisis have yet to be implemented, according to a report […]
Paul A. Volcker believed “there was no higher calling than public service,” the current chair of the Federal Reserve said of his predecessor in the position, who died Sunday at age 92. Current Board Chair […]
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