Federal Reserve

FedNow service and blockchain closely linked

08/26/19

Crypto technology will play a major role in the central bank's real-time payments system.

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JPMorgan's contrarian move: Stockpiling securities

08/25/19

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?

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Banks getting bank into politics; Latest on Libra

08/23/19

After years of keeping a low profile, banks plan to spend in next year’s elections; the digital currency has eyes on the unbanked.

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Banks hail Volcker Rule change; Subprime mortgages are back

08/21/19

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

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What's left of the Volcker Rule after the final rewrite?

08/20/19

After two regulatory agencies adopted final revisions to the rule, Dodd-Frank defenders expressed concern that the amendments to the proprietary trading ban undermined the post-crisis statute.

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Bankers turn curiously optimistic about the economy

08/19/19

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

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4 big questions ahead of Volcker 2.0 rollout

08/19/19

Banks stand to enjoy new flexibility in complying with Dodd-Frank’s proprietary trading ban, but it remains to be seen if regulators will grant them all the relief they have sought.

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'A wolf in sheep's clothing': Comments of the week

08/15/19

Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.

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Fed names leader for development of real-time payment system

08/15/19

Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years.

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Why Apple card will succeed; Opening the Fed payments system

08/14/19

Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.

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