News Topic: interest rates

JPMorgan Chase's banner quarter didn't stop executives from warning that the pause in rate hikes could crimp profits, or from hinting that the bank might downsize its mammoth mortgage operation. ... Read full article

The addition of the conservative pundit could signal the Trump administration's intent to have a more direct hand in central bank policies, yet Moore could experience his own transformation as a Fed governor. ... Read full article

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts. ... Read full article

Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks. ... Read full article

Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates. ... Read full article

Wells says it's made progress but needs to do more to rebuild trust with customers and regulators; despite rate hikes by the Fed, big banks continue to effectively pay nothing in interest to savings customers. ... Read full article

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest-rate limits. ... Read full article

The central bank’s investments under its quantitative easing program have put its balance sheet in the red under mark-to-market accounting, another potential risk for an agency already under political fire. ... Read full article

The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness. ... Read full article

An effort to increase awareness of the transition to a new benchmark rate, and nudge banks to start preparing, is expected to intensify in 2019. ... Read full article

The central bank may be looking at other benchmarks besides the fed funds rate to conduct monetary policy; dropping human appraisers from most home sales raises concerns. ... Read full article

President Trump stepped up his attacks on the Federal Reserve Board and its chairman, Jerome Powell, blaming the central bank for declines in the stock market. ... Read full article

If the predictions prove correct, the benchmark rate would reach 3.50% by the end of next year. ... Read full article

The end of one-party rule in Washington could move the needle on efforts to devise a new housing finance framework. ... Read full article

One of the world's biggest banks wants to boost profits by cutting out voice brokers acting as middlemen in the largest derivatives market. ... Read full article

Legendary former central banker Paul Volcker praised Jerome Powell as the current Federal Reserve chairman faces fire from President Donald Trump for raising interest rates. ... Read full article

TNB USA is suing the Fed to force the central bank to let it open an account that earns the same top-tier interest rate currently available only to a select few. ... Read full article

Many bankers say the agency needs to rethink its definition of brokered deposits and how it sets interest rate caps. ... Read full article