News Topic: Federal Reserve Bank of Kansas City
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Kansas City Fed President Esther George to retire, creating second 2023 opening
Loan growth sprouts at small ag banks as crop prices rally
Agencies cancel community reinvestment conference due to coronavirus
The banking regulators have announced that they are postponing next week’s National Interagency Community Reinvestment Conference because of growing health concerns about the virus outbreak. ... Read full article
Fed official hits back at criticism of central bank’s payments role
Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George. ... Read full article
Why so many women business owners avoid bank loans
Women are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report. ... Read full article
Fed dodges key decision on faster payments
The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks. ... Read full article
Fed’s Yellen: Some adjustments warranted for post-crisis reforms
Federal Reserve Chair Janet Yellen defended post-crisis reforms but allowed that further adjustments may be necessary to reduce adverse effects on small businesses and subprime borrowers. ... Read full article