Policymaking

FDIC sign getting makeover for digital age

02/20/20

The agency said it wants feedback on changing its ubiquitous logo greeting customers at branches and ATMs to address technological changes, shifting consumer behaviors and bank-nonbank partnerships.

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Trump nominee for Fed seat gets cold shoulder from senators

02/13/20

Both Democrats and Republicans aired concerns about controversial statements made by Judy Shelton on monetary policy, deposit insurance and other issues, raising doubts about her confirmation.

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‘We want to take the time to get it right’ — Fed’s Montgomery on FedNow

02/12/20

Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service.

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Why the Fed is taking an incremental approach to faster payments

02/12/20

To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.

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House lawmakers at odds over requiring banks to report diversity data

02/12/20

A study by the House Financial Services Committee on the industry’s efforts to hire and promote more women and minorities has sparked a dispute over whether banks should have to be more transparent about those efforts.

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6 statehouse issues on bankers’ radar

02/11/20

Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.

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Warren asks Fed nominee to clarify policy stances

01/31/20

The Massachusetts senator took aim at certain views expressed by Judy Shelton, a Trump administration pick to sit on the Federal Reserve Board, that have sparked controversy.

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Banks hope Ex-Im revival is shot in the arm commercial lending needs

01/30/20

Lenders that depend on the Export-Import Bank to back loans to exporters are already seeing business borrowing pick up after Congress reauthorized the agency in December.

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ICBA urges Congress to crack down on CU-bank deals

01/30/20

The head of the small-bank trade group called for hearings to discuss tougher limits on credit union acquisitions of banks.

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FDIC advises banks to exercise caution with agricultural loans

01/28/20

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers.

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