Federal Reserve

Where banking-fintech partnerships fall short

09/18/19

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

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Banks’ deposit-rate challenge: How low can they go?

09/17/19

CEOs have been telling investors that if the Fed continues to cut interest rates, they will lower rates they are paying on deposits to minimize the hit to net interest margins. The danger is that if they lower rates too quickly or by too much, big depositors could go elsewhere.

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OCC can't claim victory despite dismissal of fintech charter suit

09/16/19

A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.

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Tribal leaders hope CRA plan could help bring more foreign bank help

09/13/19

Native American tribal leaders are hoping foreign banks might step in to provide added assistance if regulators act on a plan leaders have put forward to designate Indian country as its own area under the CRA.

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Bowman confirmed for 14-year term at Fed

09/12/19

The fifth-generation banker, who has already been serving as a central bank governor, was confirmed by the U.S. Senate in a 60-31 vote.

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House passes five bipartisan financial services bills

09/11/19

The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.

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Trump adds to pressure on Fed, seeking rates of zero ‘or less’

09/11/19

President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower cost.

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Volcker the man blasts Volcker the rule in letter to Fed chair

09/10/19

The recent revision of Volcker Rule limits on banks' ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker.

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Fed proposes capital requirements for insurance units

09/06/19

The Fed is seeking feedback on a "Building Block Approach" to risk-based capital standards for firms heavily engaged in insurance activities.

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Plan for Fannie, Freddie; Fed likely to go easy on rate cut

09/06/19

The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting.

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