Federal Reserve

Banks urge Fed to revise liquidity rule after pandemic shock

10/05/20

The industry is warning regulators putting the finishing touches on the Net Stable Funding Ratio that the measure could exacerbate volatile market events like the spring selloff of Treasury securities.

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OCC's Brooks sees 'overlap' with Fed on CRA

10/01/20

While the two agencies have disagreed on key areas of reforming the Community Reinvestment Act, the acting comptroller of the currency said there is commonality between their two approaches and he has not given up on developing a joint plan.

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Fed’s Wells Fargo review should consider forbearance snafu: Warren

10/01/20

Customers suffered when they were placed in mortgage relief plans without their consent, the Massachusetts senator says. She urged the Federal Reserve to take the blunder into account as it weighs when to lift other sanctions against the bank.

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Fed CRA plan seen as bridging divide with OCC

10/01/20

The agencies are still at odds over how to reform the scoring system in Community Reinvestment Act exams, but experts say the central bank’s recent draft proposal suggests a deal could be struck.

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Fed aims to give less complex banks relief in capital planning rule

09/30/20

The central bank issued a proposal aligning recent stress testing changes with supervisory standards that are tailored to an institution's size and complexity.

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Fed will extend freeze on stock buybacks, cap on dividends

09/30/20

The Federal Reserve will continue its ban on share repurchases for banks with more than $100 billion of assets into the fourth quarter and will cap dividend payments using a formula based on recent income.

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Bankers skeptical Fed’s Main Street program will pick up steam

09/29/20

Loan officers surveyed by the central bank said the subpar creditworthiness of some applicants and the ability of others to find credit elsewhere are among reasons the middle-market rescue facility has fizzled.

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The man who didn't want to be a Trump Fed governor

09/29/20

The economist Marc Sumerlin was invited one June morning in 2019 to meet with President Trump, but with a condition: he had to be prepared to accept Trump's nomination to the Federal Reserve's Board of Governors. He declined.

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Warren presses Powell on race gaps in possible Biden-era preview

09/25/20

During a Senate Banking Committee hearing, the Massachusetts Democrat asked Powell what the Fed is doing to reduce inequality along economic lines in the U.S.

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Fed’s Bostic urges banks to repair ‘history of abuse’ of Black Americans

09/25/20

Bostic, the first Black Fed president in the central bank’s 106-year history, said systemic racism is an economic as well as a moral issue.

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