News Topic: Federal Reserve

The Federal Reserve is right to look at shrinking its bloated balance sheet. But if it doesn’t simultaneously stop paying banks to hoard money, the Fed will create the next recession. ... Read full article

The OCC recently gave Sterling a 'satisfactory' rating and said the New York bank had addressed some concerns by the Fed that had leaked to the public and raised questions about its pending M&A deal. ... Read full article

The NCUA aims to give credit unions access to in-person hearings with its governing board. Such an opportunity is lacking at federal bank regulators. ... Read full article

A bipartisan group of senators want more community banks to get relief from Dodd-Frank capital requirements. ... Read full article

Federal Reserve official Tim Clark oversaw the development of the agency’s stress testing program. He will see through this year's round of stress tests and leave this summer. ... Read full article

The Trump administration’s examination of Dodd-Frank Act powers to allow regulators to seize and unwind a failing megabank is drawing criticism from supervisors at home and abroad. ... Read full article

In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year. ... Read full article

The company also said it believes there are no regulatory obstacles that will derail its planned acquisition of Astoria Financial. ... Read full article

The Federal Reserve is asking Sterling to address deficiencies tied to its collection, verification and reporting of CRA data from 2014 to 2016. ... Read full article

There are barriers to possible efforts by Acting Comptroller of the Currency Keith Noreika to act unilaterally to change the Volcker Rule. ... Read full article

The 2015 written agreement had required Four Oaks to improve corporate governance. ... Read full article

Allan Meltzer was an economist and Federal Reserve historian who was critical of the central bank’s recent policies. ... Read full article

Banks are increasingly tightening lending standards for commercial real estate loans and are likewise seeing a drop-off in demand, according to a report released Monday by the Federal Reserve Board. ... Read full article

Wells Fargo’s chief marketing officer Jamie Moldafsky shared how social media is helping the bank recover from its account-opening crisis; Maria Vullo explains her tough stance on bank crime, despite maintaining a lower profile than her predecessor. ... Read full article

The Trump administration’s formal ouster of Comptroller of the Currency Thomas Curry has set in motion a sea change atop financial regulatory agencies that will likely unfold slowly over the next year. ... Read full article

The Federal Reserve’s next policy actions will have profound impact on whether the U.S. income and wealth gap grows even wider. ... Read full article

More than 100 days into Trump’s presidency, financial regulators still lack key appointments. Here's why that matters. ... Read full article

Scott Alvarez, the general counsel of the Federal Reserve, said the Dodd-Frank Act provision that allows regulators to handle the failure of a large financial institution would have been useful during the financial crisis. ... Read full article