Top headlines in today’s news …
There is “real merit” to exploring the use of a 1% countercyclical buffer that is in effect in normal times, much like that used in the United Kingdom, the Federal Reserve’s top regulatory supervisor said […]
Commercial banks and federal savings associations had trading revenue totaling $8 billion during the second quarter of 2019, which was down $2 billion, or 19.8%, from first-quarter trading revenue, according to the Office of the […]
The payments system is an “essential public utility” that “cannot be left solely in the hands of private enterprise,” a former federal banking regulator told the Senate Banking Committee Wednesday in testimony supporting the Federal […]
Excesses in corporate debt markets – which have seen “sizable growth” – could amplify adverse shocks and contribute to job losses, a member of the Federal Reserve Board told a House subcommittee Wednesday. She also […]
The “regulatory burden,” new accounting standards for expected credit losses, and issues related to “know before you owe” mortgage disclosures were the top 2018 complaints – or “constructive feedback” – received by the ombudsman for the federal […]
Faster payments and speeches from Federal Reserve Board governors highlight the week ahead – along with some credit union comments due for “second chances.” Federal Reserve Board Vice Chairmen Richard H. Clarida and Randal Quarles […]
Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule […]
The independence of the nation’s central bank has served the public well, and the chairman of the bank’s board expects to continue his press conferences following meetings of interest rate policy-setting committees, he said Wednesday. […]
The consumer complaint database maintained by the Consumer Financial Protection Bureau (CFPB) is slated for enhancements that will include modified disclaimers regarding the published data, more prominence for answers to common financial questions and information […]
Revisions to the current swap margin rule in place at federal banking regulators and others that would, among other things, address the expected phase-out of the London Interbank Offered Rate (LIBOR) and ease requirements for […]
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