Federal Reserve

With Biden declared winner, what’s next for credit unions?

11/07/20

With a Democrat set to take the White House in January, the political balance at NCUA could shift amid changes for the CFPB and housing reform, and progressive banking ideas that were unthinkable over the past four years could gain traction.

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With Biden declared winner, what’s next for banks?

11/07/20

With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, housing finance reform could be turned on its head and progressive banking ideas that were unthinkable over the past four years could gain traction.

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Regulators tell banks they can choose any replacement rate for Libor

11/06/20

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.

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'We will continue to do our jobs,' Fed's Powell vows as election drags on

11/05/20

Asked about the political uncertainty surrounding the undecided presidential race, Federal Reserve Chair Jerome Powell said the central bank isn’t wavering from its duty “to support the economy during this difficult time.”

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A Fed digital currency looks inevitable. So do the problems.

11/04/20

A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.

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JPMorgan Chase warns of upcoming fine over internal controls

11/03/20

The company said one of its regulators may impose a civil money penalty related to compliance deficiencies in its advisory business and other areas. The matter echoes a recent fine imposed on Citigroup, one expert says.

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Fed lowers Main Street loan threshold in bid to boost interest

10/30/20

Underwhelming participation in the middle-market loan program has forced the central bank to reduce the minimum borrowing amount for the third time, to $100,000.

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Agencies formally propose rule to weaken role of guidance

10/29/20

The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law.

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Fed’s CRA plan does too much, and too little

10/28/20

The agency overreached in its proposal to revamp the Community Reinvestment Act when it should have simply required branchless banks to invest more in areas where deposits are taken.

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Heartland reworks AIM Bancshares deal to reflect Fed concerns

10/26/20

The Iowa company said it will pursue a two-step acquisition to address unspecified issues raised by the Federal Reserve as part of its review of the acquisition.

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