Federal Reserve

Banks hail Volcker Rule change; Subprime mortgages are back

08/21/19

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

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What's left of the Volcker Rule after the final rewrite?

08/20/19

After two regulatory agencies adopted final revisions to the rule, Dodd-Frank defenders expressed concern that the amendments to the proprietary trading ban undermined the post-crisis statute.

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Bankers turn curiously optimistic about the economy

08/19/19

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

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4 big questions ahead of Volcker 2.0 rollout

08/19/19

Banks stand to enjoy new flexibility in complying with Dodd-Frank’s proprietary trading ban, but it remains to be seen if regulators will grant them all the relief they have sought.

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'A wolf in sheep's clothing': Comments of the week

08/15/19

Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.

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Fed names leader for development of real-time payment system

08/15/19

Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years.

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Why Apple card will succeed; Opening the Fed payments system

08/14/19

Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.

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How a Volcker Rule rewrite could backfire

08/13/19

Critics of the Dodd-Frank provision are likely heartened by indications that policymakers may soon finalize a more bank-friendly version of the trading ban, but that relief could come at a price.

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Is it time to worry about mounting credit card debt?

08/13/19

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.

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Regulators close to unveiling Volcker revamp: Sources

08/13/19

Wall Street watchdogs are poised to take a major step toward overhauling limits on banks’ ability to trade with their own funds, according to people familiar with the effort.

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