interest rates

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


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.


Will CFPB's QM proposal create new housing bubble?


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.


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


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.


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


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.


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


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.


House bill aims to rein in pricey small-business loans


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.


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


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.


OCC seeks to clarify oversight of third-party lending relationships


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


CFPB proposes rule to facilitate Libor transition for creditors


The Consumer Financial Protection Bureau seeks to address challenged posed by the sunset of the London interbank offered rate at the end of 2021.


The little-noticed power grab in regulators’ small-dollar guidance


An interagency notice meant to encourage lenders to offer small consumer loans also provides federal agencies too much say on what constitutes “reasonable” pricing.