Federal Reserve

Fed plans to launch real-time payment service by 2024

08/05/19

As part of its justification for developing its own government-backed system, the central bank said that leaving only a single fast network run by big banks constitutes a potential risk to the economy.

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Flint out at HSBC; Bair: Keep Congress out of CECL

08/05/19

The CEO's tenure lasted just 18 months; the former FDIC chair says having Congress more involved in setting accounting standards "could well backfire on the banks."

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Unfinished business: 8 reg-relief items on agencies' docket

08/01/19

The regulators have yet to complete rules on regional bank supervision, community bank capital and other provisions meant to ease institutions' burden.

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Waters, Brown warn regulators not to weaken margin rules

08/01/19

Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels.

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Powell hints Fed will take bigger role in real-time payments

07/31/19

“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.

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Regulators aim to release CRA plan in 'next few months': FDIC chief

07/31/19

Jelena McWilliams said federal bank regulators have made progress in developing a proposal but acknowledged that the reform process has been slow.

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Why we’re joining the big banks’ payments system

07/31/19

Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options.

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GOP senators pressure banking agencies for more reg relief

07/30/19

Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change.

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Berkshire Hathaway's BofA stake climbs above 10% amid bank's buybacks

07/26/19

The conglomerate run by Warren Buffett has tried in the past to keep its holdings below the 10% threshold in order to avoid heightened regulatory scrutiny.

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'Stop sugar coating the reverse mortgage': Comments of the Week

07/25/19

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more.

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