News Topic: Federal Reserve

The regulators have yet to complete rules on regional bank supervision, community bank capital and other provisions meant to ease institutions' burden. ... Read full article

Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels. ... Read full article

Jelena McWilliams said federal bank regulators have made progress in developing a proposal but acknowledged that the reform process has been slow. ... Read full article

“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said. ... Read full article

Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options. ... Read full article

Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change. ... Read full article

The conglomerate run by Warren Buffett has tried in the past to keep its holdings below the 10% threshold in order to avoid heightened regulatory scrutiny. ... Read full article

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more. ... Read full article

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020. ... Read full article

The CEO of a big-bank lobbying group recently said that the central bank may be on the verge of pulling a bait and switch on faster payments. But his comments glossed over a lot of the relevant history. ... Read full article

If the Federal Reserve doesn't maintain an active role, Wall Street megabanks could take over the payments system. ... Read full article

Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network. ... Read full article

The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years. ... Read full article

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending. ... Read full article

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system. ... Read full article

The Birmingham, Ala., company warned in its earnings call that moves by the central bank could make it harder to lower costs. ... Read full article

Ahead of a House hearing to examine his company's proposed merger with SunTrust, King tried to downplay regulatory concerns. ... Read full article

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers. ... Read full article