interest rates

NCUA moves to loosen derivatives rule for credit unions

10/15/20

The credit union regulator has held back in allowing the use of derivatives but has released a proposal that would remove red tape for some larger institutions.

[more]

Leveraged lending has avoided pandemic hit. Will that last?

10/15/20

Defaults have been milder than expected thanks to government relief and stricter underwriting. But with the crisis dragging on and policymakers unable to agree on a stimulus plan, loans to highly indebted companies remain at risk.

[more]

Fed’s Quarles casts doubt on permanent capital relief for big banks

10/14/20

Regulators in the spring temporarily eased a key benchmark of balance-sheet strength to allow institutions to help customers navigate the pandemic, but Federal Reserve Vice Chairman Randal Quarles said it would be “premature” right now to suspend it for good.

[more]

Will CFPB's QM proposal create new housing bubble?

10/08/20

The Consumer Financial Protection Bureau's overhaul of its Qualified Mortgage standard is alarming free-market advocates who say it will precipitate a return to easy credit and higher defaults and could disproportionately harm minorities.

[more]

Fed's Rosengren: Pre-pandemic low rates worsened current downturn

10/08/20

Federal Reserve Bank of Boston President Eric Rosengren said the long period of low interest rates before the coronavirus pandemic is contributing to the depth of the current recession.

[more]

Fed signals rates will stay near zero for at least three years

09/16/20

The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.

[more]

States sue FDIC over 'rent-a-bank' partnerships

08/20/20

A group of eight Attorneys General filed suit against an FDIC final rule related to ‘rent-a-bank’ partnerships, mirroring a similar suit filed against the Office of the Comptroller of the Currency last month.

[more]

House bill aims to rein in pricey small-business loans

07/31/20

The legislation proposed by Rep. Nydia M. Velázquez, D-N.Y., goes further than recent state efforts to require better disclosures for high-cost lenders, but it would face an uphill battle in the GOP-controlled Senate.

[more]

States' lawsuit alleges OCC rule enables 'rent-a-bank’ schemes

07/29/20

The complaint filed by New York, California and Illinois argues that the regulation, issued in response to the 2015 Madden decision, undermines state laws intended to protect consumers.

[more]

OCC seeks to clarify oversight of third-party lending relationships

07/20/20

The OCC is proposing steps for determining which party is the "true lender," which affects how the agency oversees such arrangements.

[more]