Federal Reserve

Libor goes from dying to in demand with Fed pushing fast loans

05/06/20

Regulators on both sides of the Atlantic have spent the better part of three years trying to kill the London interbank offered rate. Now, they're looking to it once again to underpin hundreds of billions of dollars in loans as they seek to rescue their economies.

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Coronavirus prompts renewed calls for postal banking, faster payments

05/05/20

Millions of Americans have yet to receive their stimulus checks, leading progressives to demand reforms improving underbanked consumers’ access to the financial system.

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Regulators modify liquidity coverage ratio requirements

05/05/20

The agencies issued a rule to better enable banks to participate in two of the Federal Reserve’s lending facilities and “support the flow of credit to households and businesses.”

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Cheat sheet: 8 ways Fed is using emergency powers to counter pandemic

05/04/20

The central bank’s programs announced since mid-April in response to the coronavirus outbreak match if not exceed the actions it took during the 2007-9 financial crisis.

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Banks tighten lending standards as coronavirus crimps demand: Survey

05/04/20

Lenders implemented stricter underwriting across all loan types in the first quarter as the pandemic upended the economy, the Federal Reserve said in its survey of loan officers.

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Banks, borrowers still on fence about middle-market rescue plan

05/04/20

The Fed has tweaked its Main Street Lending Program to stir more enthusiasm, including the creation of a third financing option for larger companies. Will it make a difference?

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Libor alternative isn't a one-size-fits-all benchmark

05/04/20

Some megabanks are pushing New York lawmakers to add a legal safe harbor if lenders use the new Secured Overnight Financing Rate. Smaller banks would have little choice but to take that option.

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Regulators urge banks to monitor security of cloud service providers

05/01/20

The joint statement on the risks of cloud computing summarizes years of guidance and rules as industry reliance on third-party platforms has become more ubiquitous.

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Wells' ho-hum annual meeting, Cuban’s PPP alternative, hotel lenders' pain: Top stories of the week

05/01/20

There were few fireworks at Wells Fargo’s first annual meeting under new CEO Charlie Scharf; billionaire investor and entrepreneur Mark Cuban pitches Fed-backed overdraft protection; as hotels sit empty, loan delinquencies pile up; and more from this week’s most-read stories.

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Will coronavirus hasten arrival of fully remote bank exams?

05/01/20

Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent.

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